Is Shiva Granito overvalued or undervalued?

As of 29 August 2025, the valuation grade for Shiva Granito has moved from very expensive to expensive. The company is currently assessed as overvalued. Key ratios include a PE Ratio of 20.88, an EV to EBITDA of 26.02, and a Price to Book Value of 1.39.
In comparison to its peers, Kajaria Ceramics has a significantly higher PE Ratio of 56.39, while L T Foods, which is rated very attractive, has a PE Ratio of 23.67. This suggests that Shiva Granito's valuation is not justified when considering its performance metrics relative to peers. Additionally, while the stock has outperformed the Sensex over the past three and five years, its recent year-to-date return of -24.76% indicates a troubling trend that reinforces its overvaluation status.