Is Jigar Cables overvalued or undervalued?

As of 25 June 2025, the valuation grade for Jigar Cables has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 23.09, an EV to EBITDA of 10.50, and a PEG ratio of 0.32, which suggests that while growth may be anticipated, the current price does not align with the underlying fundamentals.
In comparison to its peers, Jigar Cables' PE ratio is notably lower than that of Havells India, which stands at 66.93, and Polycab India at 47.98, both classified as very expensive. Additionally, R R Kabel, categorized as fair, has a PE of 48.84, further emphasizing Jigar Cables' overvaluation in the current market context. Despite a strong recent performance with a 15.73% return over the past week compared to a 1.61% return on the Sensex, the overall valuation metrics suggest that investors should exercise caution.