Is AGM Group Holdings, Inc. overvalued or undervalued?

As of 8 August 2022, AGM Group Holdings, Inc. has moved from an expensive to a very expensive valuation grade. The company is currently overvalued based on its financial metrics and peer comparisons. The P/E ratio stands at 2, while the EV to EBITDA ratio is 1.22, and the Price to Book Value is notably low at 0.29. These figures indicate that the company is not generating sufficient earnings relative to its price, especially when compared to peers like Gorilla Technology Group, Inc., which has a P/E ratio of -5.80, and Issuer Direct Corp., with a P/E of 6.17.
The valuation metrics suggest that AGM Group Holdings, Inc. is not only overvalued but also underperforming significantly in the market, as evidenced by its year-to-date return of -96.90% compared to the S&P 500's 2.44%. Given these factors, investors should exercise caution when considering this stock, as it appears to be priced well above its intrinsic value.