Is Brilliant Acquisition Corp. overvalued or undervalued?

As of 10 February 2025, the valuation grade for Brilliant Acquisition Corp. has moved from risky to does not qualify, indicating a significant deterioration in its financial standing. The company is currently overvalued, as evidenced by its negative Price to Book Value of -1.16 and an EV to Sales ratio of 64.44, which are both concerning metrics for potential investors. Additionally, the EV to EBITDA stands at -7.64, further highlighting the company's struggles.
In comparison to its peers, Brilliant Acquisition Corp. shows a stark contrast with Jaws Mustang Acquisition Corp. having a P/E of -253.15 and Catcha Investment Corp. at -6.98, both of which also do not qualify for a robust valuation. The negative returns over the past year, with a decline of 69.89% compared to the S&P 500's gain of 2.44%, reinforce the notion that the stock is not a viable investment at its current price of 11.04. Overall, the financial ratios and peer comparisons suggest that Brilliant Acquisition Corp. is overvalued in the current market environment.