Is Gorilla Technology Group, Inc. overvalued or undervalued?

As of 9 February 2024, the valuation grade for Gorilla Technology Group, Inc. has moved from risky to attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a Price to Book Value of 6.28, an EV to EBIT of 22.30, and an impressive ROCE of 26.89%. However, the negative ROE of -88.04% highlights ongoing challenges.
In comparison to peers, Gorilla Technology Group's valuation is attractive with a P/E ratio of -5.80, while Viant Technology, Inc. is fairly valued at a P/E of 57.15, and Arqit Quantum, Inc. is very attractive with a P/E of 0.59. Despite its current challenges, Gorilla has outperformed the S&P 500 with a remarkable 1-year return of 571.05% compared to the S&P 500's 10.26%, reinforcing the notion that the stock may be undervalued at its current price of 20.40.