Both stocks run through our valuation models. Here is how Aperam (APAM) and JSW Steel (JSWSTEEL) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees JSW Steel as the less overvalued of the two: Aperam trades at €47.92 versus a fair value of €22.86 (-52%), while JSW Steel trades at ₹1,270 versus ₹1,140 (-10%).
Aperam
APAM.MC · EUR · Materials
-52%
upside to fair value
overvalued
Price€47.92
Fair Value€22.86
Quality49/100
JSW Steel
JSWSTEEL.NSE · INR · Materials
-10%
upside to fair value
overvalued
Price₹1,270
Fair Value₹1,140
Quality52/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
AperamJSW Steel
Valuation
114.4×P/E (TTM)13.5×
0.66×P/S (TTM)1.62×
1.23×P/B2.99×
26.4×EV/EBITDA10.3×
0.74×PEG—
—Dividend yield0.6%
—Dividend per share₹7.10
Profitability
1%Net margin12%
2%Operating margin19%
1%Return on equity27%
0%Return on assets6%
Growth
-5%Revenue growth (YoY)14%
-9.3%Avg. growth/yr (3Y)3.8%
10.9%Avg. growth/yr (5Y)18.4%
Balance & size
0.31×Debt / equity0.76×
$4BMarket cap$31B
mixedGrowth qualityexpensive
JSW Steel leads: 3 to 9 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Aperamof which business quality 50 · market factors 60JSW Steelof which business quality 49 · market factors 65
ProfitabilityMargins and returns on capital today
26
54
Quality GrowthAre margins and returns improving?
12
59
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
98
50
Low VolatilityCalm price path (market factor)
17
88
MomentumPrice trend over the last 3–12 months (market factor)
71
47
52W MomentumDistance to the 52-week high (market factor)
91
69
Net IssuanceBuybacks instead of dilution
81
80
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Aperam
DCF Models€15.04
Earnings-Based€1.62
Dividend Discount€23.97
Multiples€2.11
Asset-Based€29.59
Growth DCF€22.33
Economic Profit€26.97
Growth Earnings€1.64
20 of 20 models see the stock below the current price.
JSW Steel
DCF Models₹1,139
Earnings-Based₹1,310
Dividend Discount₹53.61
Multiples₹1,110
Asset-Based₹275
Growth DCF₹569
Economic Profit₹953
Growth Earnings₹1,743
19 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Aperam
Bear €18.66Fair Value €22.86Bull €25.66
€47.92 = current price (white tick)
JSW Steel
Bear ₹622Fair Value ₹1,140Bull ₹1,703
₹1,270 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Aperam · Materials
Quality score49 · below median
Fair value upside-52% · below median
JSW Steel · Materials
Quality score52 · above median
Fair value upside-10% · above median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees JSW Steel as the less overvalued of the two: Aperam trades at €47.92 versus a fair value of €22.86 (-52%), while JSW Steel trades at ₹1,270 versus ₹1,140 (-10%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
