Is Brenmiller Energy Ltd. overvalued or undervalued?

As of 11 August 2023, the valuation grade for Brenmiller Energy Ltd. has moved from risky to does not qualify, indicating a significant downgrade in its financial standing. The company is currently overvalued, primarily due to its negative earnings and poor return metrics. Key ratios include a Price to Book Value of 1.71, an EV to EBIT of -0.85, and an ROCE of -185.49%, all suggesting financial distress and inefficiency.
In comparison to peers, Brenmiller Energy Ltd. shows a stark contrast with its valuation metrics, such as a peer with a P/E of -0.4729 and an EV to EBITDA of -0.6219. The company's recent stock performance has been remarkable, with a 1-month return of 459.05%, significantly outpacing the S&P 500's 3.83% return, but this may not be sustainable given the underlying financial challenges.