Is Beyond, Inc. overvalued or undervalued?

As of 22 February 2023, Beyond, Inc. has moved from a fair to a risky valuation grade, indicating a significant deterioration in its financial outlook. The company is currently overvalued given its troubling financial ratios, including a Price to Book Value of 2.89, an EV to EBIT of -1.90, and an EV to EBITDA of -2.18. These figures highlight the company's struggles, particularly with negative earnings and returns on capital employed and equity, which stand at -568.31% and -137.99%, respectively.
In comparison to its peers, Beyond, Inc. shows a stark contrast with Petco Health & Wellness Company, which has a P/E ratio of -14.10 and an EV to EBITDA of 9.08, and Farfetch Ltd., which has an EV to EBITDA of -1.34. These comparisons further underscore that Beyond, Inc. is not only underperforming but is also in a precarious financial position relative to its industry. The company's recent stock performance has been dismal, with a one-year return of -54.93%, which is significantly worse than the S&P 500's return of 10.26% over the same period, reinforcing the conclusion that Beyond, Inc. is overvalued.