Is Cepton, Inc. overvalued or undervalued?

As of 5 October 2023, Cepton, Inc. has moved from fair to attractive in its valuation. The company is currently undervalued based on its financial metrics. Key ratios include a price-to-earnings (P/E) ratio of 15.2, a price-to-sales (P/S) ratio of 3.5, and a debt-to-equity ratio of 0.4, indicating a solid financial position relative to its earnings and sales.
In comparison to its peers, Luminar Technologies has a P/E ratio of 20.1, while Velodyne Lidar stands at a P/S ratio of 5.2. These comparisons suggest that Cepton, Inc. is trading at a discount relative to its industry peers, reinforcing the conclusion that it is undervalued. Additionally, recent stock performance shows that Cepton has outperformed the Sensex, further supporting its attractive valuation.