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 perception regarding its market value. 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 is at 47.06, both of which are categorized as expensive. Additionally, while Jayaswal Neco has shown strong performance with a year-to-date return of 99.28% compared to the Sensex's 7.42%, the current valuation suggests that the stock may not provide further upside potential at its current price of 77.72.