Is MIND Technology, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for MIND Technology, Inc. has moved from very attractive to attractive. The company appears to be undervalued based on its current metrics. Key valuation ratios include a P/E ratio of 11, an EV to EBITDA ratio of 6.53, and a PEG ratio of 0.07, indicating strong growth potential relative to its price.
In comparison to peers, MIND Technology, Inc. has a lower P/E ratio than Forum Energy Technologies, Inc. at 25.31 and Ranger Energy Services, Inc. at 12.47, suggesting it may be undervalued relative to its growth prospects. The company has significantly outperformed the S&P 500, with a year-to-date return of 66.25% compared to the index's 14.40%, reinforcing the attractiveness of its valuation.