Is Cyanotech Corp. overvalued or undervalued?
As of October 15, 2023, Cyanotech Corp. is considered attractive and undervalued, with a P/E ratio of 15.2 and a P/B ratio of 1.8, outperforming peers like Algae Farms and Ocean Harvest, and its stock performance has exceeded the Sensex.
As of 15 October 2023, Cyanotech Corp. has moved from fair to attractive based on the latest analysis. The company appears to be undervalued at this time. Key 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 12.5%. In comparison to peers, Algae Farms has a P/E ratio of 18.0, while Ocean Harvest shows a P/B ratio of 2.2. This suggests that Cyanotech is trading at a discount relative to its industry peers, reinforcing the conclusion of undervaluation. Additionally, recent stock performance has outpaced the Sensex, further supporting the positive valuation outlook.
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