Is Axion Power International, Inc. overvalued or undervalued?

As of 3 October 2023, Axion Power International, Inc. has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include 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, which indicate a strong financial position relative to its earnings and asset base.
In comparison to its peers, EnerSys has a price-to-earnings ratio of 15.0, while A123 Systems stands at 14.2, suggesting that Axion Power is trading at a discount relative to these competitors. This valuation is further supported by the company's recent performance, which has outpaced the Sensex, reinforcing the attractiveness of its current stock price.