Is Livent Corp. overvalued or undervalued?

As of 5 October 2023, Livent Corp. has moved from fair to attractive based on recent evaluations. The company is currently undervalued, with a price-to-earnings ratio of 15.2, a price-to-book ratio of 2.5, and a debt-to-equity ratio of 0.4. In comparison, peers such as Albemarle Corp. exhibit a price-to-earnings ratio of 18.5, while Livent's other peer, SQM, shows a price-to-book ratio of 3.1, indicating that Livent is trading at a discount relative to its industry counterparts.
Additionally, Livent's recent stock performance has outpaced the Sensex, reinforcing the notion that the market may not fully recognize its growth potential. Overall, the combination of favorable ratios and peer comparisons suggests that Livent Corp. presents a compelling investment opportunity at its current valuation.