Is Blue Hat Interactive Entertainment Technology overvalued or undervalued?

As of 20 December 2022, the valuation grade for Blue Hat Interactive Entertainment Technology moved from fair to very expensive. The company is currently overvalued based on its financial metrics. The P/E ratio stands at 9, which is significantly higher than its peer JAKKS Pacific, Inc., which has a P/E of 4.99, and Funko, Inc., which has a negative P/E of -13.60. Additionally, the EV to EBITDA ratio for Blue Hat is 4.69, while JAKKS Pacific shows a more favorable ratio of 2.67.
In comparison to its peers, Blue Hat's financial performance appears weak, with a ROCE of 6.45% and an ROE of only 1.55%. The company's stock has underperformed drastically, with a year-to-date return of -86.76%, contrasting sharply with the S&P 500's return of 2.44% in the same period. Overall, the combination of high valuation ratios and poor performance metrics indicates that Blue Hat Interactive Entertainment Technology is overvalued in the current market.