Is Franklin Wireless Corp. overvalued or undervalued?

As of 10 October 2023, Franklin Wireless Corp. has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a price-to-earnings ratio of 12.5, a price-to-book ratio of 1.2, and a debt-to-equity ratio of 0.5, indicating a solid financial position relative to its earnings and assets.
When compared to peers, Franklin Wireless Corp. shows a more favorable valuation than companies like Netgear, which has a price-to-earnings ratio of 15.3, and TP-Link, with a price-to-book ratio of 2.0. This suggests that Franklin is trading at a discount relative to its industry counterparts. Additionally, the stock has outperformed the Sensex recently, reinforcing the notion that it is undervalued in the current market environment.