Is XTRA Bitcoin, Inc. overvalued or undervalued?

As of 5 October 2023, XTRA Bitcoin, Inc. 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 15, a Price-to-Book (P/B) ratio of 1.2, and a Debt-to-Equity (D/E) ratio of 0.5, which indicate a solid financial position relative to its earnings and asset base.
In comparison to its peers, such as CryptoTech Corp with a P/E of 20 and BitValue Inc. with a P/B of 1.5, XTRA Bitcoin, Inc. shows a more favorable valuation. This suggests that the market has not fully recognized its potential, especially in light of recent stock performance, which has outpaced the Sensex returns, reinforcing the attractiveness of the current valuation.