Is Saj Hotels overvalued or undervalued?

As of 4 November 2025, the valuation grade for Saj Hotels has moved from expensive to fair. Based on the current analysis, the company appears to be fairly valued. Key ratios include a PE ratio of 26.39, an EV to EBITDA of 13.05, and a Price to Book Value of 0.86.
In comparison to its peers, Saj Hotels stands out with a significantly lower valuation than Indian Hotels Co, which has a PE ratio of 62.12, and ITC Hotels, which has a PE ratio of 64.13. Despite recent stock performance showing a decline of 12.18% over the past month compared to a 2.83% gain in the Sensex, Saj Hotels has delivered a year-to-date return of 22.25%, outperforming the Sensex's 8.26% return, reinforcing its fair valuation status in the current market environment.