Is JTEKT India overvalued or undervalued?

As of 7 November 2025, JTEKT India has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 57.26, an EV to EBITDA of 24.49, and a ROE of 10.62%. In comparison to its peers, Bosch has a PE of 49 and an EV to EBITDA of 44.24, while Samvardhana Motherson stands out with a more attractive PE of 32.06 and an EV to EBITDA of 11.76.
Despite the recent underperformance relative to the Sensex over the past year, where JTEKT India returned -7.07% compared to the Sensex's 4.62%, the company's valuation metrics suggest it is not undervalued at this time. The high PE ratio indicates that the market has high expectations for future growth, but these expectations may not be fully justified given the current financial ratios and peer comparisons.