Is Greenland Technologies Holding Corp. overvalued or undervalued?

As of 15 May 2025, the valuation grade for Greenland Technologies Holding Corp. has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently undervalued, with a P/E ratio of 2, a Price to Book Value of 0.55, and an EV to EBITDA ratio of 2.08. These ratios suggest that the company is trading at a substantial discount compared to its earnings and book value.
In comparison to its peers, Greenland Technologies stands out with a PEG ratio of 0.02, while KULR Technology Group, Inc. has a negative P/E ratio of -11.14, and Perma-Pipe International Holdings, Inc. has a P/E of 10.55, indicating that Greenland is positioned favorably within its industry. Additionally, the company's return over the past year has been impressive at 48.30%, significantly outperforming the S&P 500's return of 10.26%. This performance, coupled with its strong ratios, reinforces the conclusion that Greenland Technologies is indeed undervalued.