Is V-Guard Industri overvalued or undervalued?

As of 31 October 2025, V-Guard Industries has moved from a fair to an attractive valuation grade. The company is currently considered undervalued. Key ratios include a PE ratio of 54.33, an EV to EBITDA of 31.71, and a Price to Book Value of 0.72, which suggest that the stock is trading at a reasonable price relative to its earnings and book value.
In comparison to its peers, V-Guard's PE ratio is significantly lower than that of Metro Brands at 86.64 and Bata India at 73.19, indicating a more favorable valuation. Additionally, V-Guard's EV to EBITDA is competitive compared to Relaxo Footwear at 28.11 and Campus Activewear at 35.21. Despite recent underperformance against the Sensex, with a YTD return of -14.45% compared to the Sensex's 7.42%, the long-term performance remains strong, with a 5-year return of 113.13%.