Is Marine Products Corp. overvalued or undervalued?

As of 25 July 2024, the valuation grade for Marine Products Corp. has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a P/E ratio of 22, an EV to EBITDA of 13.53, and a dividend yield of 15.14%.
In comparison to peers, Marine Products Corp. has a lower P/E ratio than Sturm, Ruger & Co., Inc., which stands at 27.74, and a more favorable EV to EBITDA ratio compared to Malibu Boats, Inc. at 16.28. Despite recent stock performance lagging behind the S&P 500 over the past year, the strong dividend yield and robust ROCE of 20.38% suggest that the company offers significant value relative to its peers.