Is Page Industries overvalued or undervalued?

As of 4 September 2020, the valuation grade for Page Industries moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 70.70, a Price to Book Value of 36.64, and an EV to EBITDA ratio of 48.32. These ratios suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Page Industries stands out with a notably high PE ratio of 70.70, while its closest competitor, with a PE of around 50, highlights the disparity in valuation. Additionally, the PEG ratio of 2.52 further emphasizes the overvaluation, as it suggests that the stock price is not justified by its growth rate. Despite a strong return of 20.21% over the past year compared to the Sensex's 7.60%, the current valuation metrics indicate that investors may be paying too much for Page Industries at this time.