Is Blacksky Technology, Inc. overvalued or undervalued?

As of 12 November 2021, Blacksky Technology, Inc. has moved from a grade of "does not qualify" to "risky." The company is currently considered overvalued given its financial metrics and peer comparisons. The Price to Book Value stands at 4.60, while the EV to EBITDA ratio is an alarming -155.21, indicating significant operational challenges. Additionally, the ROCE is at -33.82% and ROE at -60.81%, reflecting poor returns on capital and equity.
In comparison to its peers, Blacksky Technology's P/E ratio is not applicable due to its loss-making status, while BigBear.ai Holdings, Inc. has a P/E of -17.95 and MoneyLion, Inc. is at a fair valuation with a P/E of 107.79. The stark contrast in performance metrics suggests that Blacksky is not only underperforming relative to its peers but also carries a higher risk profile. Despite a strong recent stock performance, with a 1-year return of 106% compared to the S&P 500's 10.26%, the underlying financial health indicates that the stock is overvalued.