Is Shiva Granito overvalued or undervalued?

As of 2 September 2025, the valuation grade for Shiva Granito has moved from risky to expensive. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE Ratio of 20.81, an EV to EBITDA of 25.96, and a ROCE of just 2.43%.
In comparison to its peers, Kajaria Ceramics has a significantly higher PE Ratio of 56.67, while L T Foods, rated very attractive, maintains a PE of 24.44. The valuation metrics suggest that Shiva Granito is not only priced higher relative to its earnings but also underperforms in terms of return on capital compared to more attractive peers. Additionally, while the stock has shown a strong performance over the past three to five years, it has lagged behind the Sensex year-to-date, reinforcing the notion of its current overvaluation.