Is Tasty Bite Eat. overvalued or undervalued?

As of 14 August 2025, Tasty Bite Eat. has moved from an expensive valuation grade to fair. The company is currently fairly valued, with a PE ratio of 68.36, an EV to EBITDA ratio of 39.80, and a PEG ratio of 0.54. In comparison to its peers, Hindustan Unilever has a PE of 54.86 and an EV to EBITDA of 38.70, while Nestle India shows a PE of 69.82 and an EV to EBITDA of 44.94, indicating that Tasty Bite Eat. is positioned competitively within its sector.
Despite the fair valuation, Tasty Bite Eat. has experienced a decline in stock price recently, with a 1-month return of -9.08% compared to the Sensex's -2.01%. Over the past year, the stock has returned 1.45%, which is slightly below the Sensex's 1.89%. This performance, combined with the fair valuation metrics, suggests that while the company is not undervalued, it may face challenges in the near term relative to market performance.