Is Bridger Aerospace Group Holdings, Inc. overvalued or undervalued?

As of 9 February 2023, the valuation grade for Bridger Aerospace Group Holdings, Inc. has moved from does not qualify to risky. The company is currently overvalued based on its financial metrics and peer comparisons. Key ratios include a Price to Book Value of 2.59, an EV to EBITDA of 11.05, and a ROCE of 3.26%.
In comparison to its peers, Bridger Aerospace's P/E ratio is notably negative at -6.49, while Air Transport Services Group, Inc. has a P/E of 54.21, indicating a significant disparity in valuation. Additionally, Spirit Airlines, Inc. is also classified as risky with a P/E of -0.05. The company's stock has underperformed against the S&P 500, with a year-to-date return of -23.94% compared to the index's 2.44%.