Is Saj Hotels overvalued or undervalued?

As of 4 November 2025, the valuation grade for Saj Hotels has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 26.39, an EV to EBITDA of 13.05, and a Price to Book Value of 0.86. These ratios suggest that while the company is not undervalued, it is positioned more attractively compared to its peers.
In comparison to its industry peers, Saj Hotels presents a more reasonable valuation than Indian Hotels Co, which has a PE ratio of 62.72 and an EV to EBITDA of 35.71, and ITC Hotels, with a PE ratio of 64.13 and an EV to EBITDA of 24.25. Despite the recent stock performance showing a decline over the past month, Saj Hotels has outperformed the Sensex year-to-date, with a return of 22.25% compared to the Sensex's 8.26%. This performance reinforces the notion that Saj Hotels is fairly valued within its competitive landscape.