Is Varyaa Creations overvalued or undervalued?

As of 18 July 2025, Varyaa Creations has moved from an expensive to a fair valuation grade. The company is currently fairly valued. Key ratios include a PE ratio of 20.60, an EV to EBIT of 20.54, and a ROCE of 25.04%. In comparison to peers, Titan Company has a significantly higher PE ratio of 90.51, while PC Jeweller, which is rated very attractive, has a PE ratio of 19.16.
Despite the fair valuation, Varyaa Creations has experienced a notable decline in stock performance, with a year-to-date return of -50.66%, contrasting sharply with a Sensex return of 4.63% during the same period. This discrepancy may indicate potential challenges ahead, despite the current valuation metrics suggesting stability relative to its peers.