Is NextTrip, Inc. overvalued or undervalued?

As of 1 October 2023, NextTrip, 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 1.8, and a Debt-to-Equity (D/E) ratio of 0.5, which suggest a solid financial position relative to its earnings and assets.
In comparison to peers, Expedia Group has a P/E ratio of 18.5, while Booking Holdings stands at 20.3, indicating that NextTrip is trading at a discount relative to these competitors. This valuation is further supported by the company's recent stock performance, which has outpaced the Sensex, reinforcing the attractiveness of its current price.