Is Saj Hotels overvalued or undervalued?

As of 13 November 2025, Saj Hotels' valuation grade 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 also not excessively priced compared to its peers.
In comparison to its industry peers, Saj Hotels stands out as relatively more attractive, especially when contrasted with Indian Hotels Co, which has a PE ratio of 60.51 and an EV to EBITDA of 34.57, and ITC Hotels, which has a PE ratio of 62.5. Notably, Saj Hotels' PEG ratio is at 0.00, indicating no expected growth in earnings, which is a significant outlier in the context of its peers. Despite a recent decline in stock price over the past month, Saj Hotels has outperformed the Sensex year-to-date with a return of 22.25% compared to the Sensex's 9.45%.