Is Travel Food overvalued or undervalued?

As of 29 August 2025, the valuation grade for Travel Food has moved from does not qualify to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 45.46, an EV to EBITDA of 28.66, and an ROE of 34.47%.
When compared to peers, Travel Food's PE ratio is notably lower than Page Industries at 64.54 and higher than Saregama India at 46.59, but it is significantly higher than Devyani International, which is attractive despite being loss-making. The company's recent stock performance has outpaced the Sensex, with a 1-week return of 3.27% compared to the Sensex's -1.84%, further emphasizing its overvaluation in the current market context.