Is Jindal Saw overvalued or undervalued?

As of 3 November 2025, Jindal Saw's valuation grade has moved from very attractive to attractive, indicating a shift in its perceived value. The company is currently considered undervalued, with a PE ratio of 8.15, a Price to Book Value of 0.98, and an EV to EBITDA of 5.46. These ratios suggest that the stock is trading at a significant discount compared to its earnings and book value.
In comparison to its peers, Jindal Saw's valuation appears favorable against companies like JSW Steel, which has a PE ratio of 47.58 and an EV to EBITDA of 13.93, and Tata Steel, with a PE of 46.98 and an EV to EBITDA of 11.94. While Jindal Saw has experienced a decline in its stock price over the past year, with a return of -44.49% compared to a 5.34% return for the Sensex, its long-term performance over three, five, and ten years has been significantly stronger, suggesting potential for recovery and growth.