Is Blade Air Mobility, Inc. overvalued or undervalued?

As of 9 February 2021, the valuation grade for Blade Air Mobility, Inc. has moved from does not qualify to risky. The company is currently assessed as overvalued given its financial metrics and peer comparisons. The P/E ratio is not applicable due to the company being loss-making, while the Price to Book Value stands at 1.40, and the EV to Sales ratio is 0.76, indicating a low valuation relative to its sales.
In comparison to its peers, Blade Air Mobility's EV to EBITDA ratio is -7.44, while Hawaiian Holdings, Inc. has a ratio of -9.2893, and Air Transport Services Group, Inc. is considerably more expensive at 5.8310. The company's return on capital employed (ROCE) is notably negative at -30.95%, which further highlights its financial struggles. Despite a recent 1-year stock return of 16.46%, which outperformed the S&P 500's 10.26%, the overall valuation suggests that Blade Air Mobility remains overvalued in the current market landscape.