Is Shanti Gold overvalued or undervalued?

As of 31 October 2025, the valuation grade for Shanti Gold has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently assessed as overvalued, with a PE ratio of 30.82, an EV to EBITDA ratio of 21.16, and a Price to Book Value of 11.29. These ratios suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison with peers, Shanti Gold's PE ratio is significantly lower than that of Titan Company, which stands at 89.55, and Kalyan Jewellers at 65.72, both of which are also categorized as expensive. However, when looking at more attractively valued peers like PC Jeweller, with a PE of 13.09, the disparity becomes evident. Additionally, Shanti Gold has shown strong returns over the past week, outperforming the Sensex, which may reflect short-term market enthusiasm despite the overall valuation concerns.