Is JNK overvalued or undervalued?

As of 2 July 2025, the valuation grade for JNK has moved from very expensive to expensive, indicating a slight improvement in its perceived value but still suggesting high valuation levels. The company is currently considered overvalued. Key ratios include a PE ratio of 62.79, an EV to EBITDA of 37.49, and a Price to Book Value of 3.76, all of which are significantly elevated compared to industry norms.
In comparison with peers, JNK's PE ratio is lower than Thermax's 64.14 but higher than BEML Ltd's 62.18, both of which are also categorized as expensive or very expensive. This suggests that while JNK is not the most expensive in its peer group, it still does not present a compelling valuation. Additionally, JNK has underperformed the Sensex significantly over the past year, with a return of -58.82% compared to the Sensex's 5.00%, reinforcing the notion of overvaluation amidst declining stock performance.