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, indicating a significant downgrade in perceived value. The company appears to be overvalued given its negative financial metrics, including a Price to Book Value of -0.16, an EV to EBITDA ratio of -1.17, and a ROCE of -146.54%.
In comparison to its peers, A SPAC I Acquisition Corp. shows a markedly poor performance; for instance, Pono Capital Two, Inc. has a P/E ratio of 9.60 and an EV to EBITDA of 3.76, while Nocturne Acquisition Corp. has a P/E of -40.10 and an EV to EBITDA of -27.41. The stark contrast in these ratios highlights the company's underperformance within its industry. Furthermore, the stock has significantly lagged behind the S&P 500, with a year-to-date return of -99.54% compared to the index's 12.22%, reinforcing the notion that the stock is overvalued.