Is Air T, Inc. overvalued or undervalued?

As of 1 October 2023, Air T, Inc. has moved from fair to attractive based on the latest analysis. The company is currently undervalued, with a price-to-earnings ratio of 12.5, a price-to-book ratio of 1.2, and a debt-to-equity ratio of 0.5. In comparison, its peer, SkyWest, Inc. has a P/E of 15.0, and Alaska Air Group, Inc. shows a P/B of 1.8, suggesting that Air T, Inc. is trading at a discount relative to its industry peers. Additionally, the recent stock performance of Air T, Inc. has outpaced the Sensex, reinforcing the notion of its undervaluation. Overall, the combination of strong ratios and favorable peer comparisons supports the conclusion that Air T, Inc. presents a compelling investment opportunity at its current valuation.