Is BellRing Brands, Inc. overvalued or undervalued?

As of 6 February 2020, the valuation grade for BellRing Brands, Inc. has moved from attractive to risky, indicating a significant shift in its market perception. The company appears to be overvalued, with a P/E ratio of 27, which is notably higher than the fair valuation of its peer Coca-Cola Consolidated, Inc., which has a P/E of 14.64. Additionally, the EV to EBITDA ratio stands at 19.43, further suggesting that the company is trading at a premium compared to its peers.
In comparison, Celsius Holdings, Inc. is considered very expensive with a P/E of 96.20, while BellRing's PEG ratio of 0.55 indicates potential growth at a lower cost than its peers. Despite a strong ROCE of 67.96%, the negative book value and the current price of $59.32 relative to its 52-week high of $80.67 raise concerns about its valuation. The recent stock performance shows a decline of 21.26% year-to-date, contrasting with the S&P 500's gain of 2.44%, reinforcing the notion that BellRing Brands, Inc. may not be a sound investment at this time.