Is Shanti Gold overvalued or undervalued?

As of 29 August 2025, Shanti Gold's valuation grade has moved from does not qualify to expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 28.37, an EV to EBITDA ratio of 19.67, and a Price to Book Value of 10.40. These ratios suggest that the stock is priced higher than its earnings and book value would typically justify.
In comparison to its peers, Shanti Gold's valuation metrics stand out unfavorably. For instance, PC Jeweller, which is rated very attractive, has a PE ratio of just 14.79, while Titan Company and Kalyan Jewellers are both expensive with PE ratios of 86.67 and 65, respectively. The recent performance of Shanti Gold has also lagged behind the Sensex, with a 1-week return of -10.78% compared to the Sensex's -1.84%, further reinforcing the notion that the stock is overvalued in the current market context.