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STOCK COMPARISON

Acerinox vs JSW Steel: Fair Value & Quality

Both stocks run through our valuation models. Here is how Acerinox (ACX) 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: Acerinox trades at €18.09 versus a fair value of €6.72 (-63%), while JSW Steel trades at ₹1,270 versus ₹1,140 (-10%).
Acerinox
ACX.MC · EUR · Materials
-63%
upside to fair value
overvalued
Price€18.09
Fair Value€6.72
Quality47/100
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).

AcerinoxJSW Steel
Valuation
P/E (TTM)13.5×
0.84×P/S (TTM)1.62×
2.29×P/B2.99×
15.2×EV/EBITDA10.3×
0.40×PEG
3.8%Dividend yield0.6%
€0.62Dividend per share₹7.10
Profitability
-1%Net margin12%
3%Operating margin19%
-3%Return on equity27%
2%Return on assets6%
Growth
-11%Revenue growth (YoY)14%
-12.7%Avg. growth/yr (3Y)3.8%
4.4%Avg. growth/yr (5Y)18.4%
Balance & size
0.64×Debt / equity0.76×
$5BMarket cap$31B
mixedGrowth qualityexpensive

JSW Steel leads: 4 to 8 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.

Acerinoxof which business quality 46 · market factors 83 JSW Steelof which business quality 49 · market factors 65
ProfitabilityMargins and returns on capital today
29
54
Quality GrowthAre margins and returns improving?
30
59
CashflowEarnings quality: real cash, not paper profit
21
20
Fin. StrengthBalance sheet, leverage, solvency risk
49
47
InvestmentDisciplined investing over empire-building
94
50
Low VolatilityCalm price path (market factor)
59
88
MomentumPrice trend over the last 3–12 months (market factor)
90
47
52W MomentumDistance to the 52-week high (market factor)
100
69
Net IssuanceBuybacks instead of dilution
87
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.

Acerinox

DCF Models€7.11
Earnings-Based€1.71
Dividend Discount€8.20
Multiples€6.89
Asset-Based€5.55
Growth DCF€6.90
Economic Profit€1.71

15 of 15 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.

Acerinox
Bear €2.56Fair Value €6.72Bull €10.88
€18.09 = 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.

Acerinox · Materials

Quality score47 · below median
Fair value upside-63% · bottom 25%

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: Acerinox trades at €18.09 versus a fair value of €6.72 (-63%), while JSW Steel trades at ₹1,270 versus ₹1,140 (-10%).

JSW Steel has the higher quality score (52/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.