Is Shiva Granito overvalued or undervalued?

As of 1 October 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 15.20, an EV to EBIT of 19.55, and a Price to Book Value of 0.65, which suggest that while the company is generating some earnings, its valuation remains high relative to its book value.
In comparison to its peers, Kajaria Ceramics has a significantly higher PE ratio of 55.7, while L T Foods, deemed very attractive, has a PE of 22.48. This highlights that Shiva Granito's valuation is still on the expensive side within its industry context. The company's recent stock performance has been poor, with a year-to-date return of -45.24%, contrasting sharply with the Sensex's positive return of 3.64%, reinforcing the notion that the stock may be overvalued at its current price of 11.50.