Is B. Riley Financial, Inc. overvalued or undervalued?

As of 8 November 2023, the valuation grade for B. Riley Financial, Inc. has moved from very attractive to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued, given its negative Price to Book Value of -0.18 and an EV to Sales ratio of -0.40, which suggest significant underlying issues. Additionally, the EV to EBITDA ratio stands at 0.85, which is relatively low compared to its peers.
In comparison to its peers, B. Riley Financial, Inc. has a valuation of -0.209, with an EV to EBITDA of 0.6821, highlighting that it is not performing favorably within its industry. The company's recent stock performance shows a 55.99% year-to-date return, significantly outperforming the S&P 500's 12.22% return, but this is overshadowed by a drastic decline of 84.84% over the past three years. Overall, the current metrics suggest that B. Riley Financial, Inc. is overvalued relative to its financial fundamentals and peer performance.