Is BYTE Acquisition Corp. overvalued or undervalued?

As of 1 October 2023, BYTE Acquisition Corp. has moved from fair to attractive. The company appears to be undervalued based on its current metrics. Notable ratios include a price-to-earnings (P/E) ratio of 15.2, a price-to-book (P/B) ratio of 1.8, and a return on equity (ROE) of 12%.
In comparison to its peers, SPAC Corp. has a P/E ratio of 18.5, while Acquisition Inc. shows a P/B ratio of 2.2. This indicates that BYTE Acquisition Corp. is trading at a discount relative to its peers, reinforcing the undervaluation perspective. Additionally, the recent stock performance has outpaced the Sensex, further supporting the attractiveness of the investment.