Is Jupiter Wagons overvalued or undervalued?

As of 23 September 2025, the valuation grade for Jupiter Wagons has moved from very expensive to expensive. The company is currently considered overvalued based on its high valuation ratios. Notable ratios include a PE ratio of 43.53, an EV to EBITDA of 27.64, and a Price to Book Value of 5.11.
In comparison to its peers, Jupiter Wagons' PE ratio is significantly higher than Samvardhana Motherson's attractive PE of 34.59 and Bosch's expensive PE of 52.43. The company's recent stock performance has also been underwhelming, with a year-to-date return of -33.90%, contrasting sharply with the Sensex's positive return of 5.07% during the same period. This further reinforces the view that Jupiter Wagons is currently overvalued.