Is Jupiter Wagons overvalued or undervalued?

As of 12 September 2025, Jupiter Wagons has moved from an expensive to a very expensive valuation grade. The company appears to be overvalued based on its current metrics. The PE ratio stands at 44.38, the Price to Book Value is 5.20, and the EV to EBITDA is 28.19, all of which are significantly higher than many of its peers.
In comparison, Bosch has a PE ratio of 53 and an EV to EBITDA of 47.90, while Samvardhana Motherson is more attractively valued with a PE of 32.35 and an EV to EBITDA of 11.86. The high PEG ratio of 0.00 for Jupiter Wagons indicates a lack of growth relative to its valuation, further supporting the conclusion of overvaluation. Despite a strong return over the last five years, the recent performance shows a decline of 32.85% year-to-date compared to a 4.82% gain in the Sensex, reinforcing the notion that the stock is not currently justified at its price level.