Is Prime Impact Acquisition I overvalued or undervalued?

As of 5 October 2023, Prime Impact Acquisition I 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 debt-to-equity ratio of 0.5, which suggest a solid financial position relative to its earnings and asset base.
In comparison to its peers, SPAC Acquisition Corp. has a price-to-earnings ratio of 18.0, while Future Growth Acquisition boasts a price-to-book ratio of 1.5. These comparisons highlight that Prime Impact Acquisition I is trading at a discount to its peers, reinforcing its undervaluation. Additionally, the stock has outperformed the Sensex recently, further supporting the case for its attractive valuation.