Is Sreeleathers overvalued or undervalued?

As of 13 October 2025, Sreeleathers has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 25.50, an EV to EBITDA of 17.92, and a Price to Book Value of 1.15. In comparison to peers, Elitecon International is categorized as very expensive with a PE of 360.49, while Optiemus Infra is also fairly valued with a PE of 90.56.
Despite the fair valuation, Sreeleathers has underperformed relative to the Sensex, particularly in the year-to-date and one-year periods, with returns of -10.20% and -16.59%, respectively. This underperformance may suggest that while the stock is fairly valued, market sentiment could be weighing on its price.