When I started reading the first volume, I would never have guessed, but by now it's evolved into a full blown farce, everybody is an idiot and the titular villainess twice as much, and things are so out of hand that Yumiella's own guards have instructions to run away from her on sight so as not to give her ideas like powerlevelling them all up.
It's not absurdly overpowered in quite the same way as Misfit of Demon King Academy is, but I feel like it's the closest title out there. Villainess' own brand of absurd is less about breaking the laws of logic and nature, and more about Yumiella bringing her JRPG-thinking into situations where it doesn't apply, or at least doesn't help, and never managing to praise herself without contradicting herself in the very next sentence. She's causing only slightly less trouble than she solves, and describing her as a force of nature seems like something those around her would do a lot.
There's definitely not a lot of depth, and it consistently chooses jokes over, well, consistency. I'm not getting tired of it quite yet, but both the style and the characters are completely different from where the whole series started.
Favourite part: The great evil god Kugelschreiber (working title)