Is Jayaswal Neco overvalued or undervalued?

As of 31 October 2025, the valuation grade for Jayaswal Neco has moved from fair to expensive, indicating a shift in its market perception. The company is currently considered overvalued. Key ratios include a PE Ratio of 20.03, an EV to EBITDA of 8.09, and a ROE of 15.86%.
In comparison to its peers, Jayaswal Neco's PE Ratio is significantly lower than that of JSW Steel, which stands at 48.13, and Tata Steel, which has a PE of 47.06, both categorized as expensive. This suggests that while Jayaswal Neco may be overvalued relative to its own historical performance, it is still more attractively priced than some of its peers. Notably, Jayaswal Neco has outperformed the Sensex over the past year, returning 81.12% compared to the Sensex's 5.73%, reinforcing the notion of its current valuation status.