Is Borealis Foods, Inc. overvalued or undervalued?

As of 10 May 2023, the valuation grade for Borealis Foods, Inc. changed from does not qualify to risky, indicating a more cautious outlook. The company appears to be overvalued, as evidenced by its P/E ratio of -2.7464 and EV to EBITDA of -6.6742, which are significantly below industry norms. The lack of a PEG ratio further complicates the valuation picture, suggesting that the company's growth prospects are uncertain.
In comparison to its peers, Borealis Foods, Inc. is lagging behind, with its negative P/E and EV to EBITDA ratios indicating a challenging financial situation. Notably, the company's stock has underperformed against the S&P 500 across multiple timeframes, with a staggering YTD return of -55.90% compared to the S&P 500's 12.22%. This stark contrast reinforces the perception that Borealis Foods, Inc. is currently overvalued.