Is Altisource Asset Management Corp. overvalued or undervalued?

As of 1 October 2023, Altisource Asset Management Corp. has moved from fair to attractive in its grade change. The company appears to be undervalued based on its current financial metrics. Key ratios include a Price-to-Earnings (P/E) ratio of 12.5, a Price-to-Book (P/B) ratio of 0.9, and a Return on Equity (ROE) of 15%.
In comparison to its peers, Blackstone Group has a P/E ratio of 16.2 and a P/B ratio of 1.3, while KKR & Co. shows a P/E of 14.0 and a P/B of 1.1. These comparisons highlight that Altisource is trading at a discount relative to its peers, reinforcing the notion of undervaluation. Additionally, recent stock performance has outpaced the Sensex, further supporting the attractive valuation narrative.