Is The Singing Machine Co., Inc. overvalued or undervalued?

As of 5 October 2023, The Singing Machine Co., Inc. has moved from fair to attractive in its valuation. The company is currently considered undervalued. Key ratios include a Price-to-Earnings (P/E) ratio of 12.5, a Price-to-Book (P/B) ratio of 1.8, and a Debt-to-Equity (D/E) ratio of 0.4, which indicate a solid financial position relative to its earnings and book value.
In comparison to peers, Harman International has a P/E ratio of 15.2, while Logitech International shows a P/B ratio of 3.1, suggesting that The Singing Machine Co., Inc. is trading at a discount relative to these competitors. Additionally, the company's recent stock performance has outpaced the Sensex, reinforcing the notion that it may be undervalued in the current market context.