Is Trident overvalued or undervalued?

As of 23 October 2025, Trident's valuation grade has moved from fair to expensive, indicating a shift in its market perception. The company appears to be overvalued based on its current metrics, with a PE ratio of 33.57, an EV to EBIT ratio of 25.58, and a PEG ratio of 1.04. Compared to its peers, Trident's valuation stands out; for instance, K P R Mill Ltd is classified as very expensive with a PE ratio of 44.73, while Vardhman Textile is deemed fair with a PE ratio of 15.03.
In the context of the broader market, Trident's recent stock performance has lagged behind the Sensex, particularly over the year, where it reported a decline of 13.41% compared to the Sensex's gain of 5.59%. This underperformance, coupled with its elevated valuation ratios, reinforces the conclusion that Trident is overvalued in its current state.