Is CaliberCos, Inc. overvalued or undervalued?

As of 13 November 2023, CaliberCos, Inc. has moved from a classification of "does not qualify" to "risky." The company's current valuation is considered overvalued given its negative financial metrics. Notably, the P/E ratio is not applicable due to the company being loss-making, while the Price to Book Value stands at -0.30, indicating a significant decline in asset value relative to its market price. Additionally, the EV to EBITDA ratio is -0.05, further highlighting the company's struggles in generating earnings.
In comparison to its peers, CaliberCos, Inc. exhibits a weaker performance. For instance, SuRo Capital Corp. has a P/E ratio of -10.26, while Great Elm Capital Corp. shows a much more favorable P/E of 26.66, categorizing it as very attractive. The stark contrast in valuation metrics suggests that CaliberCos is not only underperforming but also overvalued in the current market context. The company's stock has significantly underperformed relative to the S&P 500, with a year-to-date return of -76.18% compared to the index's 2.44%, reinforcing the notion of overvaluation amidst its financial difficulties.