Acme Technologies is a publicly traded company operating in the semiconductor industry. The company has a strong market position and exhibits stable growth patterns. Recently, an analyst at a prominent investment firm performed a market-based valuation of Acme Technologies using a peer group analysis. The peer group consists of similar companies in the semiconductor sector, such as Beta Semiconductor, Gamma Innovations, and Delta Electronics.

The analyst decided to use the Price-to-Earnings (P/E) ratio and the Price-to-Book (P/B) ratio from the peer group to evaluate Acme's market value. Following the analysis, Acme Technologies had a P/E ratio of 20 and a P/B ratio of 4. The industry average P/E was noted to be 22 and P/B was 3.5.

Given this information, which of the following conclusions can be drawn regarding Acme Technologies' valuation compared to its peer group?