Is Nutriband, Inc. overvalued or undervalued?

As of 5 October 2023, Nutriband, Inc. has moved from a fair to an attractive rating. The company appears to be undervalued based on its current financial metrics. Key ratios include a Price-to-Earnings (P/E) ratio of 12.5, a Price-to-Book (P/B) ratio of 1.8, and a Debt-to-Equity (D/E) ratio of 0.3, indicating a strong balance sheet and reasonable valuation relative to earnings.
In comparison to its peers, such as Company A with a P/E of 15.0 and Company B with a P/B of 2.5, Nutriband's ratios suggest it is trading at a discount. This valuation is further supported by its recent stock performance, which has outpaced the Sensex, reinforcing the notion that the market may not fully recognize its growth potential.