Is The Shyft Group, Inc. overvalued or undervalued?

As of 24 April 2025, The Shyft Group, Inc. has moved from a valuation grade of risky to attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a P/E ratio of 92, an EV to EBITDA of 16.36, and a PEG ratio of 0.72, which suggests that the stock may be undervalued relative to its growth potential.
In comparison to its peers, The Shyft Group, Inc. has a higher P/E ratio than Greenbrier Cos., Inc. at 6.73 and Douglas Dynamics, Inc. at 10.57, but a more favorable PEG ratio than both. While the company has shown a return of 1.70% year-to-date, it still lags behind the S&P 500's 2.44% return during the same period, which may reflect its recent valuation adjustments. Overall, the combination of improved valuation metrics and peer comparisons supports the conclusion that The Shyft Group, Inc. is currently undervalued.