Is Greenland Technologies Holding Corp. overvalued or undervalued?

As of 13 August 2025, the valuation grade for Greenland Technologies Holding Corp. has moved from very attractive to attractive. Based on the current metrics, the company appears to be undervalued. The P/E ratio stands at 2, significantly lower than the industry average, while the Price to Book Value is at 0.55 and the EV to EBITDA ratio is 2.08, indicating a strong valuation relative to its peers.
In comparison to its peers, Perma-Pipe International Holdings, Inc. has a P/E ratio of 14.88, while Taylor Devices, Inc. shows a P/E of 18.75, both suggesting that Greenland Technologies is trading at a substantial discount. Despite recent challenges, including a year-to-date return of -27.84% compared to the S&P 500's 12.22%, the company's strong ROCE of 23.60% and ROE of 22.16% highlight its operational efficiency and potential for recovery.