Is Shiva Granito overvalued or undervalued?

As of 16 September 2025, the valuation grade for Shiva Granito has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued, with a PE Ratio of 21.08, an EV to EBIT of 26.22, and a Price to Book Value of 1.40. These ratios suggest that the stock is trading at a premium compared to its earnings and asset values.
When comparing Shiva Granito to its peers, Kajaria Ceramics has a much higher PE of 57.74 and an EV to EBITDA of 30.36, while L T Foods, rated very attractive, shows a PE of 25.63 and a significantly lower EV to EBITDA of 16.98. This further emphasizes the overvaluation of Shiva Granito in relation to its industry peers. Although the company has shown impressive returns over the long term, it has underperformed year-to-date compared to the Sensex, which may reinforce concerns about its current valuation.