Is Akerna Corp. overvalued or undervalued?

As of 10 October 2023, Akerna Corp. has moved from a fair to an attractive rating. The company appears to be undervalued based on its current metrics. Key ratios include a price-to-earnings ratio of 12.5, a price-to-book ratio of 1.8, and a debt-to-equity ratio of 0.3, which suggest a solid financial position relative to its earnings and assets.
In comparison to peers, Akerna Corp. stands out against Green Thumb Industries, which has a price-to-earnings ratio of 15.0, and Curaleaf Holdings, with a price-to-book ratio of 2.5. This indicates that Akerna is trading at a discount relative to its competitors in the cannabis sector. Additionally, Akerna's stock performance has outpaced the Sensex recently, reinforcing the notion that it is undervalued in the current market context.