Is SP Plus Corp. overvalued or undervalued?
As of October 1, 2023, SP Plus Corp. is considered undervalued and attractive, with favorable key ratios compared to peers, including a price-to-earnings ratio of 15.2 and a price-to-book ratio of 1.8, alongside strong recent stock performance.
As of 1 October 2023, SP Plus Corp. has moved from fair to attractive. The company is currently undervalued. Key ratios indicate a price-to-earnings ratio of 15.2, a price-to-book ratio of 1.8, and a debt-to-equity ratio of 0.5. When compared to peers such as Park24 Co., which has a price-to-earnings ratio of 18.5, and Impark, with a price-to-book ratio of 2.3, SP Plus Corp. shows a more favorable valuation.Additionally, SP Plus Corp. has outperformed the Sensex in recent stock performance, reinforcing its attractive valuation. Overall, the combination of strong ratios and favorable peer comparisons supports the conclusion that SP Plus Corp. is undervalued in the current market.
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