Is Byrna Technologies, Inc. overvalued or undervalued?

As of 10 July 2025, the valuation grade for Byrna Technologies, Inc. has moved from expensive to attractive, indicating a shift towards a more favorable assessment. The company appears to be undervalued based on its current metrics, with a P/E ratio of 48, a Price to Book Value of 12.50, and an EV to EBITDA ratio of 62.85. In comparison to peers, Byrna's P/E ratio is significantly lower than TAT Technologies Ltd. at 33.36 and Park Aerospace Corp. at 55.45, suggesting that Byrna may offer better value relative to its earnings potential.
Despite a challenging year-to-date return of -26.87% compared to the S&P 500's 12.22%, Byrna has demonstrated strong performance over longer periods, with a 3-year return of 227.17% versus the S&P 500's 70.41%. This long-term performance reinforces the attractiveness of the current valuation, suggesting that the stock may be poised for recovery and growth.