Is Acri Capital Acquisition Corp. overvalued or undervalued?

As of 19 November 2024, the valuation grade for Acri Capital Acquisition Corp. has moved from does not qualify to risky, indicating a significant downgrade in its investment appeal. The company is currently assessed as overvalued given its negative financial metrics. Key ratios include a Price to Book Value of -23.41, an EV to EBIT of -4.05, and an EV to EBITDA of -4.15, all of which suggest severe financial distress.
In comparison to peers, Acri Capital's metrics are less favorable; for instance, Oxus Acquisition Corp. has an EV to EBITDA of -9.7436, while Concord Acquisition Corp. III shows an EV to EBITDA of -4.3866. The negative returns over the past year, with a decline of 51.11% compared to the S&P 500's gain of 10.26%, further reinforce the notion that Acri Capital is not only overvalued but also struggling significantly in its market performance.