Is Trident overvalued or undervalued?

As of 6 November 2025, Trident's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a price-to-earnings (PE) ratio of 32.80, a price-to-book value of 3.10, and an EV to EBITDA ratio of 15.62. These ratios suggest that while Trident is not the cheapest option in its sector, it is positioned reasonably compared to its peers.
In comparison to its industry peers, Trident's PE ratio is significantly lower than K P R Mill Ltd, which is rated very expensive at 43.81, and higher than Vardhman Textile, which is attractive at 14.68. Additionally, Trident's PEG ratio of 1.02 is competitive, indicating that its growth prospects are reasonably priced relative to its earnings. Despite recent underperformance against the Sensex, with a year-to-date return of -16.06% compared to the Sensex's 6.62%, the overall valuation suggests that Trident is a fair investment opportunity in the garments and apparel industry.