Is IMEC Services overvalued or undervalued?

As of 17 November 2025, the valuation grade for IMEC Services has moved from risky to does not qualify, indicating a significant shift in its perceived investment quality. The company appears to be overvalued based on its current metrics, with a PE ratio of 1.96, an EV to EBIT ratio of 1.84, and an ROE of 90.98%. These figures suggest that while the company has high returns on equity, its valuation ratios do not support a strong investment case.
In comparison to its peers, IMEC Services' valuation metrics are notably lower, with JSW Steel having a PE ratio of 46.87 and Tata Steel at 29.08, both of which are significantly higher than IMEC's. The EV to EBITDA ratio for IMEC is also less favorable compared to the industry, with peers like Jindal Steel at 13.07. Despite impressive historical returns, including a staggering 644.51% over the past year, the current valuation suggests that IMEC Services may not be a prudent investment at this time.