Is Jash Engineering overvalued or undervalued?

As of 10 November 2025, Jash Engineering's valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived valuation. The company is currently overvalued, with a PE Ratio of 36.52, a Price to Book Value of 6.92, and an EV to EBITDA ratio of 24.82. These ratios suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Jash Engineering's PE Ratio is lower than that of Thermax at 55.73 and BEML Ltd at 56.52, both of which are categorized as very expensive. However, it is higher than Action Construction Equipment, which has a PE of 28.55 and is considered expensive. While Jash Engineering has shown a slight outperformance against the Sensex over the past week, its overall valuation metrics suggest that it is not a favorable investment at this time.