Is Shiva Granito overvalued or undervalued?

As of 28 August 2025, the valuation grade for Shiva Granito has moved from fair to very expensive, indicating a significant shift in its market perception. The company is currently assessed as overvalued. Key ratios include a PE ratio of 20.88, an EV to EBITDA ratio of 26.02, and a Price to Book Value of 1.39, all suggesting 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 56.97 and an EV to EBITDA of 29.95, while L T Foods presents a more attractive valuation with a PE of 24.06 and an EV to EBITDA of 16.00. The stark contrast in these ratios highlights that Shiva Granito's valuation is not justified when compared to its industry counterparts. Additionally, the company's recent performance shows a year-to-date decline of 24.76%, contrasting with a 2.48% gain in the Sensex, further reinforcing the notion that the stock is overvalued.