Is Vikram Kamats overvalued or undervalued?

As of 4 July 2025, the valuation grade for Vikram Kamats has moved from attractive to fair. The company is currently fairly valued, with a PE ratio of 92.94, an EV to EBITDA of 18.82, and a Price to Book Value of 2.08. In comparison to its peers, Vikram Kamats has a significantly higher PE ratio than Indian Hotels Co, which stands at 64.21, and ITC Hotels, which has a PE of 65.71, indicating that Vikram Kamats may be priced at a premium relative to these competitors.
Despite its fair valuation, Vikram Kamats has shown a notable decline in stock performance, with a year-to-date return of -18.73%, contrasting sharply with the Sensex's gain of 6.77% during the same period. This underperformance, combined with its high valuation ratios, suggests that while the company is fairly valued, it may face challenges in justifying its current price levels in the near term.