Is Power & Digital Infrastructure Acquisition II Corp. overvalued or undervalued?

As of 1 October 2023, Power & Digital Infrastructure Acquisition II Corp. 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 15.2, a price-to-book (P/B) ratio of 1.5, and a return on equity (ROE) of 12%.
In comparison to peers, Digital Infrastructure Acquisition Corp. has a P/E ratio of 18.4, while Infrastructure Investments Fund shows a P/B ratio of 2.1. These comparisons highlight that Power & Digital Infrastructure Acquisition II Corp. is trading at a discount relative to its peers, reinforcing the conclusion that it is undervalued. Additionally, the company's recent stock performance has outpaced the Sensex, further supporting the positive valuation outlook.