Is Shiva Granito overvalued or undervalued?

As of 15 September 2025, the valuation grade for Shiva Granito has moved from very expensive to expensive. The company is currently assessed as overvalued based on its financial ratios. The PE ratio stands at 21.08, while the EV to EBITDA ratio is notably high at 26.22, indicating a premium valuation compared to its earnings. Additionally, the Price to Book Value is 1.40, which suggests that the stock is trading above its book value.
In comparison to peers, Kajaria Ceramics has a significantly higher PE ratio of 57.12, while L T Foods, rated very attractive, has a PE of 25.86. This places Shiva Granito in a less favorable position relative to its competitors, despite its expensive classification. Furthermore, the company's recent stock performance shows a 1-year return of 13.93%, contrasting with the Sensex's decline of 1.33%, which may indicate some resilience in its market positioning. However, the overall valuation suggests that investors should approach with caution.