Is Shanti Gold overvalued or undervalued?

As of 17 September 2025, Shanti Gold has moved from a fair to an expensive valuation grade. The company is currently overvalued based on its financial metrics. Key ratios include a PE Ratio of 28.50, an EV to EBIT of 21.05, and an EV to EBITDA of 19.75, all of which suggest a premium valuation compared to its peers.
In comparison to its industry peers, Shanti Gold's PE Ratio is significantly higher than that of PC Jeweller, which stands at 16.52, indicating a more attractive valuation. Additionally, while Titan Company has a PE of 84.24 and Kalyan Jewellers at 67.41, both are also categorized as expensive, reinforcing the notion that Shanti Gold is overvalued. Notably, the company's recent stock performance has lagged behind the Sensex, with a 1-month return of -10.85% compared to the Sensex's 2.60%, further supporting the conclusion of overvaluation.