Is A SPAC I Acquisition Corp. overvalued or undervalued?

As of 22 November 2024, the valuation grade for A SPAC I Acquisition Corp. has moved from does not qualify to risky. The company is currently considered overvalued given its negative financial metrics. Key ratios include a Price to Book Value of -0.16, an EV to EBIT of -1.08, and an EV to EBITDA of -1.17, all indicating significant financial distress and inefficiency.
In comparison to its peers, A SPAC I Acquisition Corp. shows a stark contrast with Direct Selling Acquisition Corp., which has a P/E ratio of -18.15 and an EV to EBITDA of -25.52, while Nocturne Acquisition Corp. is rated fair with a P/E of -40.10 and an EV to EBITDA of -27.41. The company's performance has been severely lagging, with a year-to-date return of -98.65%, significantly underperforming the S&P 500's 2.44% return during the same period.