Is Jayaswal Neco overvalued or undervalued?

As of 10 November 2025, the valuation grade for Jayaswal Neco has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key financial ratios include a PE ratio of 18.74, an EV to EBITDA of 7.70, and a ROE of 15.86%.
When compared to peers, Jayaswal Neco's valuation appears starkly higher; for instance, JSW Steel has a PE ratio of 47.11 and Tata Steel stands at 46.66, both categorized as expensive, while Jayaswal Neco remains at a much lower valuation yet is still classified as very expensive. Additionally, despite a strong year-to-date return of 86.38%, which outpaces the Sensex's 6.91%, the current valuation metrics suggest that investors may be paying a premium for the stock that is not justified by its fundamentals.