Is Air Industries Group overvalued or undervalued?

As of 9 February 2023, the valuation grade for Air Industries Group has moved from fair to risky, indicating a significant deterioration in its financial outlook. The company is currently considered overvalued given its negative earnings and poor performance metrics. Key ratios include a Price to Book Value of 0.83, an EV to EBITDA of 12.79, and a ROE of -10.78%.
In comparison to its peers, Air Industries Group's P/E ratio is notably negative at -8.15, while Intuitive Machines, Inc. also shows a negative P/E of -22.45, indicating challenges in profitability across these companies. In contrast, Byrna Technologies, Inc. presents a fair valuation with a P/E of 47.65, highlighting the disparity in performance within the sector. The company's recent stock performance has lagged behind the S&P 500, particularly over the past three years, where it has declined by 48.31% compared to the index's gain of 58.74%.