Is Shiva Granito overvalued or undervalued?

As of 14 August 2025, the valuation grade for Shiva Granito has moved from risky to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 21.47, an EV to EBITDA ratio of 26.62, and a Price to Book Value of 1.43. These ratios suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Kajaria Ceramics has a much higher PE ratio of 59.35 and an EV to EBITDA of 31.22, while L T Foods, which is rated very attractive, has a PE ratio of 24.92 and an EV to EBITDA of 16.54. This highlights that Shiva Granito's valuation is not justified when looking at its performance metrics relative to its competitors. Additionally, the stock has underperformed the Sensex in the year-to-date period, with a decline of 22.62% compared to a 3.15% increase in the index.