Is Shanti Gold overvalued or undervalued?

As of 31 October 2025, Shanti Gold's valuation grade has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently assessed as overvalued based on its key ratios, including a PE ratio of 30.82, an EV to EBITDA of 21.16, and a ROE of 36.65%. These figures suggest that the stock is priced significantly higher compared to its earnings and cash flows.
In comparison to its peers, Shanti Gold's PE ratio is notably lower than Titan Company's 89.55 and Kalyan Jewellers' 65.72, yet it remains elevated against PC Jeweller's attractive valuation of 13.09. This indicates that while Shanti Gold is performing well, it is not justified at its current price point relative to its earnings potential. The recent stock performance shows a 19.53% return over the past week, contrasting with a slight decline in the Sensex, which reinforces the notion of speculative interest in the stock despite its overvaluation.