Is AgEagle Aerial Systems, Inc. overvalued or undervalued?

As of 13 November 2020, the valuation grade for AgEagle Aerial Systems, Inc. has moved from does not qualify to risky. The company appears to be overvalued given its significant negative financial metrics. Key ratios include a Price to Book Value of 4.13, an EV to EBIT of -1.85, and an EV to EBITDA of -2.04, all suggesting poor financial health and performance.
In comparison to its peers, AgEagle Aerial Systems, Inc. has a notably lower EV to EBITDA ratio than TAT Technologies Ltd. at 20.0170 and Byrna Technologies, Inc. at 36.0174, both of which are classified as attractive. Furthermore, the company has experienced substantial declines in stock performance, with a year-to-date return of -47.26% compared to the S&P 500's positive return of 12.22%, reinforcing the notion of overvaluation.