Is Shiva Global overvalued or undervalued?

As of 1 October 2025, the valuation grade for Shiva Global has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 45.98, an EV to EBITDA of 10.51, and a PEG ratio of 0.45, which suggests that the stock may be priced favorably relative to its growth potential.
In comparison to its peers, Shiva Global's PE ratio is notably higher than that of Coromandel International at 33.42 and Chambal Fertilizers at 11.71, yet it remains competitive with its PEG ratio of 0.45 compared to 0.93 for Coromandel. Despite recent stock performance showing a decline over the past month, Shiva Global has outperformed the Sensex over the last year with a return of 11.27% compared to the Sensex's -3.90%. This reinforces the notion that the stock may be undervalued in the current market.