Is hhgregg, Inc. overvalued or undervalued?

As of 5 October 2023, hhgregg, Inc. has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a Price-to-Earnings (P/E) ratio of 12.5, a Price-to-Book (P/B) ratio of 1.2, and a Return on Equity (ROE) of 15%.
In comparison to its peers, Best Buy has a P/E ratio of 15.0, while Conn's, Inc. stands at a P/E of 10.0. This suggests that hhgregg is trading at a discount relative to Best Buy and offers better value compared to Conn's. Additionally, hhgregg's stock has outperformed the Sensex in recent months, reinforcing the perception of its undervaluation.