Is Shubhlaxmi Jewel overvalued or undervalued?

As of 18 November 2025, Shubhlaxmi Jewel's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a price-to-earnings (PE) ratio of 18.29, an EV to EBITDA ratio of 10.26, and a price-to-book value of 0.65. These ratios suggest that while the company is not undervalued, it also does not present a compelling investment opportunity at this time.
In comparison to its peers, Shubhlaxmi Jewel's valuation metrics are notably lower than those of Titan Company, which has a PE ratio of 83.5 and an EV to EBITDA of 51.15, indicating that Titan is significantly more expensive. Conversely, PC Jeweller, which is rated very attractive, has a PE ratio of 13.36, suggesting a more favorable valuation relative to Shubhlaxmi Jewel. Additionally, the company's recent stock performance has been lackluster, with a year-to-date return of -46.42% compared to the Sensex's positive return of 9.58%. This underperformance further reinforces the view that Shubhlaxmi Jewel is fairly valued in the current market context.