Is Neptune Wellness Solutions, Inc. overvalued or undervalued?

As of 1 October 2023, Neptune Wellness Solutions, 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 15.2, a Price-to-Book (P/B) ratio of 1.1, and a Debt-to-Equity (D/E) ratio of 0.5, which indicate a solid financial position relative to its earnings and book value.
In comparison to its peers, Canopy Growth Corporation has a P/E ratio of 20.3, and Tilray Brands, Inc. shows a P/B ratio of 2.5, suggesting that Neptune is trading at a discount to these competitors. Additionally, Neptune's stock performance has outpaced the Sensex recently, reinforcing the notion of its undervaluation in the current market context.