Is Bridgford Foods Corp. overvalued or undervalued?

As of 23 August 2024, the valuation grade for Bridgford Foods Corp. has moved from attractive to risky, indicating a significant shift in its financial outlook. The company is currently considered overvalued given its negative performance metrics, including a price-to-book value of 0.58, an EV to EBITDA ratio of -28.09, and a return on capital employed (ROCE) of -7.34%.
In comparison to its peers, Bridgford Foods Corp. has a P/E ratio of -9.39, which is worse than Westrock Coffee Co. at -8.47 and significantly lower than Seneca Foods Corp. at 22.78. The negative trends in stock performance, with a year-to-date decline of 27.79% compared to a modest 2.44% gain in the S&P 500, further reinforce the notion that the company is overvalued in its current state.