Is Vikram Kamats overvalued or undervalued?

As of 23 September 2025, the valuation grade for Vikram Kamats has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued based on its financial ratios, which include a PE ratio of 98.37, an EV to EBITDA of 16.56, and a Price to Book Value of 2.20. These figures suggest that while the company is not undervalued, it also does not exhibit the characteristics of an overvalued entity.
In comparison to its peers, Vikram Kamats' PE ratio is significantly higher than Indian Hotels Co, which stands at 62.81, and Mahindra Holiday, with a PE of 55.31. This suggests that while Vikram Kamats is fairly valued, it is still more expensive relative to some of its competitors in the leisure services industry. Additionally, the company's recent stock performance has been underwhelming, with a year-to-date return of -15.33%, contrasting with a positive return of 5.07% for the Sensex. This performance may reinforce the notion that the stock is currently fairly valued amidst a challenging market environment.