Is TajGVK Hotels overvalued or undervalued?

As of 12 September 2025, the valuation grade for TajGVK Hotels has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 19.35, an EV to EBITDA ratio of 18.79, and a PEG ratio of 0.38, suggesting strong growth potential relative to its price.
In comparison to its peers, TajGVK Hotels stands out as relatively attractive, especially when compared to Indian Hotels Co, which has a PE ratio of 64.95, and ITC Hotels with a PE of 73.77, both categorized as very expensive. Additionally, TajGVK's ROCE of 20.01% and ROE of 17.89% further highlight its operational efficiency and profitability in the competitive hotel and resorts industry. Notably, the company's stock has outperformed the Sensex over the past year, with a return of 32.51% compared to the Sensex's decline of 1.28%, reinforcing its valuation story.