Is Jyoti Structures overvalued or undervalued?

As of 14 October 2025, the valuation grade for Jyoti Structures has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 38.73, an EV to EBITDA ratio of 80.33, and a ROE of 6.33%. In comparison to its peers, K E C International also holds a fair valuation with a PE of 37.58, while PTC Industries is deemed very expensive with a PE of 396.78.
Despite the fair valuation, Jyoti Structures has faced significant stock price declines, with a year-to-date return of -45.93% compared to a 4.98% return for the Sensex. This underperformance highlights the challenges the company is facing within the heavy electrical equipment industry, even as its valuation appears reasonable relative to peers.