Is Saj Hotels overvalued or undervalued?

As of 14 November 2025, the valuation grade for Saj Hotels has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued. Key ratios highlight this assessment, with a PE ratio of 27.07, an EV to EBITDA of 13.46, and a ROCE of only 4.49%. In comparison to its peers, Saj Hotels' PE ratio is significantly lower than that of Indian Hotels Co, which stands at 60.76, and ITC Hotels, with a PE of 62.36, both categorized as very expensive. Despite showing strong returns year-to-date at 25.39%, which outpaces the Sensex's 9.58%, the overall valuation metrics suggest that Saj Hotels is not positioned favorably in the current market landscape.