Is Shanti Gold overvalued or undervalued?

As of 18 September 2025, the valuation grade for Shanti Gold has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 28.46, an EV to EBITDA ratio of 19.73, and a ROE of 36.65%. In comparison to its peers, Titan Company has a significantly higher PE ratio of 84.02, while PC Jeweller, which is rated as attractive, has a much lower PE ratio of 16.79. Shanti Gold's valuation appears reasonable within the context of its industry, especially considering its strong ROCE of 23.17%. The recent stock performance has lagged behind the Sensex, with a 1-month return of -12.26% compared to the Sensex's 2.14%, reinforcing the notion that the stock is currently fairly valued rather than overvalued.