Is JTEKT India overvalued or undervalued?

As of 23 May 2025, JTEKT India has moved from a fair to an attractive valuation grade. The company appears to be undervalued based on its current metrics. Key ratios include a PE Ratio of 46.36, an EV to EBITDA of 19.85, and a ROCE of 14.08%. In comparison to peers, Samvardhana Motherson has a PE of 29.14 and an EV to EBITDA of 11.53, while Bosch, which is considered expensive, has a PE of 46.21 and an EV to EBITDA of 39.75.
Despite some recent underperformance against the Sensex, with a year-to-date return of -8.84% compared to the Sensex's 5.63%, JTEKT India's strong ratios suggest it is positioned well within its industry. Given the attractive valuation grade and favorable comparisons to peers, the stock is likely to offer value to investors at its current price of 147.00.