Is Byrna Technologies, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Byrna Technologies, Inc. has moved from fair to attractive, indicating a shift towards a more favorable assessment. The company appears to be undervalued, with a P/E ratio of 48, a Price to Book Value of 12.50, and an EV to EBITDA ratio of 62.85, which suggest that the stock may be trading below its intrinsic value compared to its earnings potential.
In comparison to its peers, Byrna Technologies has a P/E of 29.95, which is lower than TAT Technologies Ltd. at 33.36 and significantly lower than Park Aerospace Corp. at 55.45, indicating that Byrna may offer better value relative to its earnings. Additionally, Byrna's PEG ratio of 0.14 suggests strong growth potential relative to its price, further supporting the undervaluation thesis. Notably, while Byrna has faced a -26.55% return year-to-date, it has outperformed the S&P 500's 13.30% return in the same period, highlighting its potential for recovery and growth.