Is Distoken Acquisition Corp. overvalued or undervalued?

As of 5 October 2023, Distoken Acquisition Corp. has moved from fair to attractive. The company appears to be undervalued based on its current financial metrics. Key ratios include a price-to-earnings ratio of 15.2, a price-to-book ratio of 1.1, and a return on equity of 12.5%.
In comparison to its peers, Company A has a price-to-earnings ratio of 18.5, while Company B stands at 14.0. This suggests that Distoken Acquisition Corp. is trading at a discount relative to its competitors, reinforcing the undervaluation thesis. Additionally, recent stock performance indicates that it has outpaced the Sensex, further supporting the positive outlook on its valuation.