Is Airgain, Inc. overvalued or undervalued?

As of 7 May 2020, the valuation grade for Airgain, Inc. moved from fair to risky, indicating a shift towards a less favorable assessment. The company appears to be overvalued given its negative performance metrics, including a Price to Book Value of 1.64, an EV to EBITDA of -7.11, and a Return on Capital Employed (ROCE) of -40.73%.
In comparison to its peers, Airgain, Inc. has a significantly lower EV to EBITDA ratio than Intevac, Inc. at -1.4985 and GSI Technology, Inc. at -4.7369, both of which also fall within the risky category. The negative returns and the company's current valuation ratios suggest that investors may be paying too much for a company that is struggling to generate positive returns. Although specific return data is not available, the overall sentiment reflects a challenging environment for Airgain compared to broader market indices like the S&P 500.