Is IMEC Services overvalued or undervalued?

As of 18 November 2025, the valuation grade for IMEC Services has moved from does not qualify to very attractive, indicating a significant improvement in its perceived value. Based on the analysis, IMEC Services appears to be undervalued. The company exhibits a PE ratio of 1.87, an EV to EBITDA ratio of 1.73, and an impressive ROCE of 107.51%, which are all indicative of strong operational performance relative to its market price.
In comparison to its peers, IMEC Services stands out with a notably low PE ratio, while JSW Steel, for instance, has a PE of 46.33, and Tata Steel has a PE of 28.91. This stark contrast highlights IMEC's potential for growth and value creation. Additionally, the company's recent stock performance has significantly outpaced the Sensex over various time frames, particularly with a YTD return of 291.80% compared to the Sensex's 8.36%, reinforcing the notion that IMEC Services is currently undervalued in the market.