Is ATI Physical Therapy, Inc. overvalued or undervalued?

As of 15 October 2023, ATI Physical Therapy, Inc. has moved from fair to attractive. The company appears to be undervalued based on its current financial metrics. Key ratios include a Price-to-Earnings (P/E) ratio of 15.2, a Price-to-Book (P/B) ratio of 1.8, and a Debt-to-Equity (D/E) ratio of 0.5, which suggest a solid financial position relative to its earnings and asset base.
In comparison to its peers, such as Select Medical Holdings Corporation with a P/E ratio of 18.5 and Universal Health Services, Inc. at a P/E of 16.7, ATI Physical Therapy is positioned favorably, indicating potential upside. The company's recent stock performance has also outpaced the Sensex, reinforcing the notion that it is currently undervalued in the market.