Is FTAI Infrastructure, Inc. overvalued or undervalued?

As of 15 October 2023, FTAI Infrastructure, Inc. has moved from fair to attractive. The company appears to be undervalued based on its current financial metrics. Key ratios include a Price-to-Earnings (P/E) ratio of 12.5, a Price-to-Book (P/B) ratio of 1.8, and a Debt-to-Equity (D/E) ratio of 0.4, which suggest a solid financial position relative to its earnings and asset base.
In comparison to peers, FTAI Infrastructure is more favorably positioned than its competitor, Brookfield Infrastructure Partners, which has a P/E ratio of 15.2, and American Tower Corporation, with a P/B ratio of 3.1. These comparisons indicate that FTAI Infrastructure is trading at a discount relative to its peers, reinforcing the view that it is undervalued in the current market environment.