Is Athena Construc. overvalued or undervalued?

As of 28 May 2025, the valuation grade for Athena Construction has moved from does not qualify to risky, indicating a significant shift in its financial outlook. The company appears to be overvalued based on its key ratios, with a PE ratio of -5.79, EV to EBIT of -9.16, and a Price to Book Value of 0.80. These figures suggest that the company's earnings are negative, which raises concerns about its profitability and financial health.
When compared to peers, Athena's valuation metrics starkly contrast with those of Altius Telecom, which has a PE ratio of 52.97, and Embassy Off.REIT, with a PE of 23.06. This disparity highlights that Athena is not only underperforming relative to its peers but is also positioned in a risky category. Additionally, while Athena has shown a 25.51% return over the past year, this is overshadowed by a significant decline of 67.32% over the last decade, further reinforcing the notion that the stock is overvalued in the current market context.