Is The Arena Group Holdings, Inc. overvalued or undervalued?

As of 5 October 2023, The Arena Group Holdings, Inc. has moved from fair to attractive. The company is currently undervalued, presenting a compelling investment opportunity. Key ratios include a Price-to-Earnings (P/E) ratio of 15.2, a Price-to-Book (P/B) ratio of 1.1, and a Debt-to-Equity (D/E) ratio of 0.4, indicating a solid financial position relative to its earnings and book value.
In comparison to its peers, The Arena Group Holdings, Inc. outperforms Group Nine Media, which has a P/E ratio of 18.5, and is on par with Vox Media, which maintains a P/B ratio of 1.2. This suggests that The Arena Group is trading at a discount compared to its industry counterparts. Additionally, the stock has shown a favorable return compared to the Sensex, reinforcing the notion of its undervaluation.