Is Jayaswal Neco overvalued or undervalued?
As of May 2, 2024, Jayaswal Neco's valuation has improved to attractive, indicating it is undervalued with a PE ratio of 35.50, lower than peers like JSW Steel and Tata Steel, and has outperformed the Sensex with a 1-week return of 6.24%.
As of 2 May 2024, the valuation grade for Jayaswal Neco has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE ratio of 35.50, an EV to EBITDA of 6.97, and a ROCE of 13.27%. In comparison to its peers, Jayaswal Neco's PE ratio is significantly lower than that of JSW Steel, which stands at 64.98, and Tata Steel at 51.92, suggesting that Jayaswal Neco may offer better value relative to its earnings potential. Additionally, the company's recent stock performance has outpaced the Sensex, with a 1-week return of 6.24% compared to the Sensex's 1.40%, reinforcing the attractiveness of its current valuation.
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