Is JNK overvalued or undervalued?

As of 4 July 2025, JNK's valuation grade has moved from very expensive to expensive, indicating a slight improvement in its perceived value. However, the company remains overvalued based on its current metrics. The PE ratio stands at 62.00, while the EV to EBITDA ratio is at 36.98, and the Price to Book Value is 3.71. These figures suggest that JNK is trading at a premium compared to its earnings and book value.
In comparison to its peers, JNK's valuation appears high; for instance, Thermax has a PE ratio of 64.81 and an EV to EBITDA of 44.19, while BEML Ltd shows a PE of 64.38 and an EV to EBITDA of 37.68. Despite being in the expensive range, JNK's ratios indicate that it is still overvalued relative to its industry. Additionally, JNK's stock has significantly underperformed the Sensex, with a year-to-date return of -48.87% compared to the Sensex's 6.77%, reinforcing the notion that the stock may not be a favorable investment at its current price of 334.75.