Is Northern Star Investment Corp. II overvalued or undervalued?

As of 1 October 2023, Northern Star Investment Corp. II has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a price-to-earnings ratio of 15.2, a price-to-book ratio of 1.1, and a return on equity of 12.5%.
When compared to its peers, such as Acorn Capital with a price-to-earnings ratio of 18.0 and Blue Sky Investments at 1.5 for price-to-book, Northern Star Investment Corp. II presents a more favorable valuation. Additionally, the stock has outperformed the Sensex, reinforcing the attractiveness of its current valuation.