Is Trio-Tech International overvalued or undervalued?

As of 10 June 2025, Trio-Tech International's valuation grade has moved from fair to attractive. The company is currently considered undervalued based on its financial metrics. Key ratios include a P/E ratio of 22, a Price to Book Value of 0.68, and an EV to EBITDA of 1.87, which suggest that the stock is trading at a discount relative to its earnings potential.
In comparison to its peers, Trio-Tech's P/E ratio of 22 is notably higher than Perma-Pipe International Holdings, Inc. at 10.55, indicating that Trio-Tech may be undervalued despite its higher earnings multiple. Additionally, Taylor Devices, Inc., which is rated as attractive, has a P/E of 16.82, further supporting the notion that Trio-Tech presents a compelling investment opportunity. While the stock has underperformed against the S&P 500 over the past year, it has shown resilience with a 54.2% return over the last five years, reinforcing its potential for future growth.