Is Shiva Granito overvalued or undervalued?

As of 17 September 2025, the valuation grade for Shiva Granito has moved from very expensive to expensive, indicating a slight improvement in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 21.08, an EV to EBIT of 26.22, and a ROCE of just 2.43%.
When compared to peers, Kajaria Ceramics has a significantly higher PE ratio of 57.77, while L T Foods, which is rated very attractive, has a PE of 25.83 and a much better EV to EBITDA ratio of 17.10. Despite recent stock performance showing a 12.32% return over the past week compared to the Sensex's 1.56%, the longer-term YTD return of -24.05% suggests that the stock may not be a compelling investment at its current price of 15.95.