Is BurTech Acquisition Corp. overvalued or undervalued?

As of 14 May 2025, BurTech Acquisition Corp. has moved from a grade of "does not qualify" to "risky." The company is currently overvalued based on its financial metrics. Key ratios include a Price to Book Value of 5.21, an EV to EBITDA of -6.04, and a Return on Equity (ROE) of -58.70%.
In comparison to its peers, BurTech's P/E ratio stands at -8.56, while Williams Rowland Acquisition Corp. is categorized as "very expensive" with a P/E of 87.65, and Altitude Acquisition Corp. also rated as "risky" has a P/E of -20.95. The significant negative returns for BurTech, with a year-to-date decline of 83.93% compared to a modest 2.44% gain in the S&P 500, further reinforces the notion that the stock is overvalued in the current market context.