Is Sayaji (Indore) overvalued or undervalued?

As of 9 October 2025, the valuation grade for Sayaji (Indore) has moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 26.21, an EV to EBITDA of 13.05, and a PEG ratio of 0.56, which suggests that while the company has growth potential, its current pricing does not reflect a favorable investment opportunity compared to its peers.
In comparison to its industry peers, Sayaji's PE ratio of 26.21 is significantly lower than that of Indian Hotels Co at 61.23 and ITC Hotels at 63.89, both of which are categorized as very expensive. Despite this, Sayaji's valuation remains elevated relative to its own historical performance and market conditions. Notably, the stock has underperformed against the Sensex over the past month, declining by 16.08% while the Sensex gained 1.32%.