Is Sayaji (Indore) overvalued or undervalued?

As of 13 November 2025, the valuation grade for Sayaji (Indore) has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently deemed overvalued. Key ratios include a PE ratio of 23.98, an EV to EBITDA of 12.11, and a PEG ratio of 0.51, which, while showing some growth potential, suggest that the stock price does not align well with its earnings and growth prospects compared to its peers.
In comparison to its industry peers, Sayaji's PE ratio is notably lower than that of Indian Hotels Co, which stands at 60.51, and ITC Hotels, at 62.5, both of which are also classified as very expensive. However, despite a relatively lower valuation compared to these peers, Sayaji's overall valuation metrics indicate it is trading at a premium. The recent stock performance shows a year-to-date return of 15.5%, outperforming the Sensex's 8.11%, but this does not mitigate the concerns regarding its current overvaluation status.