Is Shanti Gold overvalued or undervalued?

As of 22 September 2025, Shanti Gold's valuation grade has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently assessed as overvalued, with a PE ratio of 28.92, an EV to EBITDA of 20.01, and a Price to Book Value of 10.60. These ratios suggest that the stock is priced significantly higher compared to its earnings and book value.
In comparison to its peers, Shanti Gold's valuation stands out as relatively high, especially when juxtaposed with PC Jeweller, which has a PE ratio of 15.46 and an EV to EBITDA of 23.62, marking it as very attractive. Other competitors like Titan Company and Kalyan Jewellers also exhibit higher valuations with PE ratios of 82.64 and 65.09, respectively. Notably, Shanti Gold's recent stock performance has outpaced the Sensex over the past week, returning 2.14% compared to the Sensex's 0.46%, but this short-term gain does not mitigate the overall overvaluation concern.