Is Abri SPAC I, Inc. overvalued or undervalued?

As of 9 February 2023, the valuation grade for Abri SPAC I, Inc. 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 -0.06, an EV to EBITDA of -0.95, and an EV to Sales ratio of 0.31, all indicating significant financial distress.
In comparison to peers, Mercato Partners Acquisition Corp. has a P/E of -4.99 and an EV to EBITDA of 1.89, while Chavant Capital Acquisition Corp. is also rated risky with an EV to EBITDA of -0.84. The stark contrast in performance and valuation metrics highlights Abri SPAC I, Inc.'s overvaluation. Additionally, the company's stock has underperformed significantly against the S&P 500, with a year-to-date return of -93.97% compared to the S&P 500's 2.44%.