Is Shubhlaxmi Jewel overvalued or undervalued?

As of 12 November 2025, the valuation grade for Shubhlaxmi Jewel has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 15.60, an EV to EBITDA of 9.96, and a Price to Book Value of 0.62. In comparison, Titan Company, which is also fairly valued, has a significantly higher PE ratio of 82.52, while Kalyan Jewellers is deemed expensive with a PE of 56.48.
Despite the fair valuation, Shubhlaxmi Jewel has underperformed in the market, with a year-to-date return of -54.3%, contrasting sharply with the Sensex's positive return of 9.44% over the same period. This underperformance, coupled with its current ratios, suggests that while the company is not overvalued, it may face challenges in regaining investor confidence in the near term.