Is Khosla Ventures Acquisition Co. overvalued or undervalued?

As of 1 October 2023, Khosla Ventures Acquisition Co. 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 15.2, a price-to-book (P/B) ratio of 1.3, and a debt-to-equity (D/E) ratio of 0.5, which suggest a healthy balance sheet and reasonable valuation compared to its earnings and assets.
In comparison to its peers, such as Chamath Palihapitiya's Social Capital Hedosophia Holdings Corp. with a P/E of 18.0 and Bill Ackman's Pershing Square Tontine Holdings with a P/B of 1.5, Khosla Ventures Acquisition Co. is positioned favorably. This valuation is further supported by its recent stock performance, which has outpaced the Sensex, reinforcing the attractiveness of its current valuation.