Is Tasty Bite Eat. overvalued or undervalued?

As of 9 October 2025, Tasty Bite Eat. has moved from an expensive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 60.27, an EV to EBITDA of 35.20, and a PEG ratio of 0.47. In comparison to its peers, Hindustan Unilever has a PE of 55.62 and an EV to EBITDA of 39.25, while Nestle India is significantly more expensive with a PE of 76.12 and an EV to EBITDA of 48.91.
Despite Tasty Bite's fair valuation, its recent stock performance has been underwhelming, with a year-to-date return of -11.10%, contrasting sharply with the Sensex's gain of 5.16% during the same period. This suggests that while the company's valuation appears reasonable relative to its peers, market sentiment may be weighing on its stock price.