Is Byrna Technologies, Inc. overvalued or undervalued?

As of 12 June 2025, Byrna Technologies, Inc. has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a P/E ratio of 48, a Price to Book Value of 12.50, and an EV to EBITDA of 62.85. In comparison, TAT Technologies Ltd., which is also rated fair, has a significantly lower P/E of 25.25, while Redwire Corp., rated risky, has a negative P/E of -13.31, highlighting the relative valuation of Byrna.
Despite the fair valuation, Byrna's PEG ratio of 0.14 suggests potential for growth compared to its current price. The company has shown strong returns, outperforming the S&P 500 significantly over the past year with a return of 201.62% compared to the index's 10.26%. This performance reinforces the notion that while Byrna is fairly valued, its growth prospects may still attract investor interest.