Is Alpine 4 Holdings, Inc. overvalued or undervalued?

As of 8 July 2024, the valuation grade for Alpine 4 Holdings, Inc. has moved from risky to does not qualify, indicating a significant deterioration in its financial standing. The company appears to be overvalued given its negative valuation ratios, including a P/E ratio of -0.0004, an EV to EBIT of -1.02, and an EV to EBITDA of -1.50. These figures suggest that the company is struggling to generate positive earnings relative to its valuation metrics.
In comparison to its peers, Alpine 4 Holdings, Inc. shows a stark contrast, as evidenced by the negative P/E and EV to EBITDA ratios, which highlight its financial challenges. Notably, the company's returns have been dismal, with a year-to-date decline of -89.55% compared to a 12.22% gain in the S&P 500, reinforcing the notion that it is significantly underperforming the broader market.