Is Rand Capital Corp. overvalued or undervalued?

As of 15 October 2023, Rand Capital Corp. has moved from fair to attractive in its valuation. The company is currently undervalued based on its financial metrics. Key ratios include a Price-to-Earnings (P/E) ratio of 12.5, a Price-to-Book (P/B) ratio of 1.2, and a Dividend Yield of 5.0%.
In comparison to its peers, Main Street Capital Corp. has a P/E ratio of 15.0, while Hercules Capital, Inc. shows a P/B ratio of 1.5. These comparisons suggest that Rand Capital Corp. is trading at a discount relative to its industry counterparts. Additionally, recent stock performance indicates that Rand has outperformed the Sensex, further reinforcing its attractive valuation.