Is Beyond, Inc. overvalued or undervalued?

As of 22 February 2023, the valuation grade for Beyond, Inc. has moved from expensive to risky, indicating a deterioration in its valuation outlook. The company appears to be overvalued, particularly given its negative earnings and poor return metrics. Key ratios include a Price to Book Value of 2.89, an EV to EBIT of -1.90, and an EV to EBITDA of -2.18, all suggesting significant challenges in generating profits relative to its valuation.
In comparison to peers, Beyond, Inc. has a P/E ratio of -3.83 and an EV to EBITDA of -4.93, highlighting its struggles against competitors in the E-Retail/E-Commerce sector. The recent stock performance shows that while Beyond, Inc. had a strong year-to-date return of 97.97%, it has underperformed the S&P 500 over the past year, with a return of -10.21% compared to the S&P's 17.14%. This juxtaposition reinforces the notion that despite short-term gains, the company's long-term valuation remains precarious.