Is COHN still undervalued?

**Cohen & Co Inc (COHN) appears to be undervalued based on certain metrics, but this assessment must be made with caution due to significant risks associated with the company.**

1. **Valuation Ratios Indicate Undervaluation**: The P/E, P/B, and P/S ratios for COHN are 0.28, 0.44, and 0.2, respectively. These ratios suggest that the stock is trading below its book value and is relatively cheap compared to its peers.

|code|Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|market_code|
|---|---|---|---|---|---|---|---|
|COHN|COHN.A|Cohen|20240723|-41.801271||0.42788265517083657|170|
|COHN|COHN.A|Cohen|20240724|-41.241625||0.4221540511366235|170|
|COHN|COHN.A|Cohen|20240725|-40.707808||0.4166898442116818|170|
|COHN|COHN.A|Cohen|20240726|-42.016519||0.43008596441476465|170|
|COHN|COHN.A|Cohen|20240729|-42.877514||0.43889920139047706|170|
|COHN|COHN.A|Cohen|20240730|-42.059569||0.43052662626355026|170|
|COHN|COHN.A|Cohen|20240731|-41.284674||0.42259471298540907|170|
|COHN|COHN.A|Cohen|20240801|-41.413823||0.42391669853176595|170|
|COHN|COHN.A|Cohen|20240802|-40.897227||0.41862875634633856|170|
|COHN|COHN.A|Cohen|20240805|-39.605735||0.40540890088276993|170|

2. **Market Performance and Analyst Forecasts**: The stock has shown a significant 3-month increase of 108.94% and a daily gain of 13.47%. However, there is insufficient data to accurately forecast the company's future cash flows, making it challenging to determine its fair value. Additionally, COHN is not covered by any analysts, which limits the availability of reliable price targets.
3. **Financial Health Concerns**: Despite its undervaluation indicators, COHN faces several financial health concerns. The company has a low of 0.46, which is a risk indicator suggesting potential bankruptcy. Additionally, there are legal issues and debt problems, such as the lawsuit from Fortress Investment Group over a defaulted loan.
4. **Strategic Insights**: COHN's investment strategy is based on fundamental and technical analysis, with a focus on identifying undervalued assets and growth opportunities. However, the effectiveness of this strategy in the current financial situation is uncertain.

In conclusion, while the valuation ratios suggest that COHN may be undervalued, the risks and uncertainties associated with the company's financial health and legal issues cast a shadow over this assessment. Investors should conduct thorough due diligence and consider these risks before making investment decisions.