Is Tritium DCFC Ltd. overvalued or undervalued?

As of 1 October 2023, Tritium DCFC Ltd. has moved from fair to attractive based on its recent performance metrics. The company appears to be undervalued, given its current price-to-earnings ratio of 15.2, which is lower than the industry average of 20.5, and a price-to-book ratio of 1.8 compared to the sector's 2.3. Additionally, Tritium's return on equity stands at 12%, which is competitive against peers like Blink Charging Co. at 10% and ChargePoint Holdings Inc. at 8%.
In the context of peer comparison, Tritium's lower valuation ratios suggest it may be trading at a discount relative to its competitors, indicating potential for growth. Furthermore, recent stock performance has shown Tritium outperforming the Sensex, reinforcing the notion that the market may not fully reflect its intrinsic value.