Is Vikram Kamats overvalued or undervalued?

As of 6 May 2025, the valuation grade for Vikram Kamats has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 98.43, an EV to EBITDA of 19.60, and a Price to Book Value of 2.20. In comparison to its peers, Indian Hotels Co. Ltd. has a PE ratio of 66.81 and an EV to EBITDA of 39.96, while ITC Hotels shows a PE of 65.26 and an EV to EBITDA of 37.12, both categorized as very expensive.
Despite the fair valuation, Vikram Kamats has shown a strong performance over the long term, with a 5-year return of 360.48%, significantly outpacing the Sensex's 143.03% over the same period. However, the company has underperformed year-to-date with a decline of 9.75%, while the Sensex has gained 5.61%. Overall, the current metrics suggest that Vikram Kamats is positioned reasonably within its industry, but caution may be warranted given its high valuation ratios relative to peers.