Is Shiva Granito overvalued or undervalued?

As of 26 August 2025, the valuation grade for Shiva Granito has moved from very expensive to fair. The company is currently fairly valued based on its financial ratios, which include a PE ratio of 20.88, an EV to EBITDA ratio of 26.02, and a Price to Book Value of 1.39. These metrics suggest that the company is positioned reasonably within its industry, especially when compared to peers like Kajaria Ceramics, which is considered expensive with a PE ratio of 57.68, and L T Foods, which is very attractive at a PE of 24.49.
In terms of performance, Shiva Granito's recent stock performance has shown a decline of 24.76% year-to-date, contrasting with a 3.39% gain in the Sensex, indicating some market challenges. However, over a three-year period, the company has delivered a remarkable return of 338.89%, significantly outperforming the Sensex's 37.31% during the same timeframe. Overall, while the company is currently fairly valued, the significant fluctuations in its stock price warrant close monitoring.