Is Shiva Global overvalued or undervalued?

As of 12 November 2025, the valuation grade for Shiva Global has moved from very attractive to attractive, indicating a shift in perception regarding its investment potential. The company is currently assessed as overvalued. Key ratios include a PE Ratio of 87.07, an EV to EBITDA of 10.51, and a PEG Ratio of 0.85, which suggest that while the company has growth potential, its current price may not be justified by its earnings.
In comparison to peers, Shiva Global's PE Ratio is significantly higher than that of Chambal Fertilizers at 10.03 and Deepak Fertilizers at 17.87, both of which are rated attractive. This disparity highlights that Shiva Global may be trading at a premium relative to its peers despite having lower returns, as evidenced by its ROE of -6.15% and ROCE of only 0.43%. Additionally, the company's stock has underperformed against the Sensex over various time frames, particularly over the last three years, where it declined by 59.39% compared to the Sensex's gain of 36.69%.