Is Barnwell Industries, Inc. overvalued or undervalued?

As of 11 August 2023, the valuation grade for Barnwell Industries, Inc. has moved from expensive to risky. Based on the current metrics, the company appears to be overvalued. Key ratios include a Price to Book Value of 1.26, an EV to EBITDA of 11.49, and an EV to Sales of 0.64, which suggest that the company's valuation does not align favorably with its financial performance.
In comparison to peers, Barnwell's EV to EBITDA ratio of -2.1537 is significantly worse than Tellurian, Inc.'s -6.2987, while TXO Partners LP shows a much more favorable EV to EBITDA of 8.8940, indicating that Barnwell is lagging behind its competitors. Additionally, the company has underperformed against the S&P 500, with a year-to-date return of -22.52% compared to the index's 12.22%, reinforcing the notion that Barnwell Industries is struggling in the current market environment.