Is Advantage Solutions, Inc. (California) overvalued or undervalued?

As of 1 March 2023, Advantage Solutions, Inc. has moved from an attractive to a risky valuation grade. The company is currently considered overvalued, given its significant losses reflected in a P/E ratio that is not applicable, alongside a Price to Book Value of 0.60 and an EV to EBITDA of 8.47. The return on equity (ROE) stands at -6.17%, indicating poor profitability, while the return on capital employed (ROCE) is a mere 1.16%.
In comparison to its peers, Advantage Solutions shows a stark contrast with QuinStreet, Inc. which has a P/E ratio of 357.48 and an EV to EBITDA of 28.68, and Thryv Holdings, Inc. with a P/E of 38.55 and an EV to EBITDA of 11.78. These comparisons highlight the underperformance of Advantage Solutions within its industry. Additionally, the company's stock has significantly lagged behind the S&P 500, with a year-to-date return of -48.29% compared to the index's 2.44%.