Is UTStarcom Holdings Corp. overvalued or undervalued?

As of 1 October 2023, UTStarcom Holdings Corp. has moved from fair to attractive. The company is currently undervalued based on its financial metrics. Key ratios include a Price-to-Earnings (P/E) ratio of 12.5, a Price-to-Book (P/B) ratio of 1.2, and a Return on Equity (ROE) of 15%.
In comparison to its peers, Nokia has a P/E ratio of 15, while ZTE Corporation stands at a P/B ratio of 1.5. This indicates that UTStarcom is trading at a discount relative to its industry counterparts, reinforcing the undervaluation narrative. Additionally, UTStarcom has outperformed the Sensex in recent months, further supporting the case for its attractive valuation.