Is Varyaa Creations overvalued or undervalued?

As of 24 October 2025, Varyaa Creations has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 47.90, an EV to EBIT ratio of 19.97, and a Price to Book Value of 0.85. In comparison to its peers, Titan Company is considered expensive with a PE ratio of 88.77, while PC Jeweller is rated very attractive with a PE ratio of 13.23.
Despite its fair valuation, Varyaa Creations has underperformed significantly compared to the Sensex, with a year-to-date return of -51.81% against the Sensex's 7.77%. This stark contrast in performance may indicate potential challenges ahead for the company, despite its current valuation metrics appearing reasonable within the industry context.