Is authID, Inc. overvalued or undervalued?

As of 13 May 2025, the valuation grade for authID, Inc. has moved from does not qualify to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued given its significant negative financial metrics, including a Price to Book Value of 9.22 and an EV to EBITDA of -4.28. Additionally, the Return on Capital Employed (ROCE) stands at a staggering -333.98%, while the Return on Equity (ROE) is also deeply negative at -203.93%.
In comparison to its peers, authID, Inc. has a P/E ratio of -4.13, which is less favorable than Aeva Technologies, Inc. at -9.90 and Transphorm, Inc. at -9.74. These comparisons highlight that authID is not only struggling financially but also underperforming relative to similar companies in the industry. Given these factors, authID, Inc. is assessed as overvalued in the current market context.