Is JM Financial overvalued or undervalued?

As of 7 November 2025, JM Financial's valuation grade has moved from fair to attractive, indicating a more favorable assessment of its worth. The company appears to be undervalued, particularly when considering its PE ratio of 13.31, which is significantly lower than peers like Bajaj Finance at 38.09 and Bajaj Finserv at 35.3. Additionally, JM Financial's EV to EBITDA stands at -10.42, showcasing a stark contrast to the industry, where many competitors are priced at much higher multiples.
In comparison to its peers, JM Financial's PEG ratio is at 0.00, suggesting that it may be undervalued relative to its growth prospects, especially when juxtaposed with Life Insurance's PEG of 0.5 and I R F C's PEG of 4.58. The company's recent stock performance has also been noteworthy, with a year-to-date return of 22.78%, outpacing the Sensex's 6.50% return, reinforcing the notion that JM Financial is positioned favorably within the market.