Is Blue Ridge Bankshares, Inc. (Virginia) overvalued or undervalued?

As of 31 July 2023, the valuation grade for Blue Ridge Bankshares, Inc. has moved from very attractive to risky, indicating a significant downgrade in its perceived value. The company appears to be overvalued given its Price to Book Value of 0.92 and negative EV to EBIT and EV to EBITDA ratios of -10.44 and -11.59, respectively. Additionally, the Return on Capital Employed (ROCE) stands at -8.71%, further underscoring the company's financial challenges.
In comparison to its peers, Blue Ridge Bankshares is positioned unfavorably against The First Bancorp, Inc. with a P/E of 10.18 and LCNB Corp. at 11.89, both classified as very attractive. The company's recent stock performance has been strong, with a 1-year return of 57.25% compared to the S&P 500's 17.14%, suggesting that while the stock has outperformed the benchmark recently, the underlying valuation metrics indicate a concerning outlook.