Is ChargePoint Holdings, Inc. overvalued or undervalued?

As of 9 June 2020, the valuation grade for ChargePoint Holdings, Inc. moved from does not qualify to risky, indicating increased concerns about its financial health. The company appears to be overvalued given its current metrics, with a Price to Book Value of 2.91 and an EV to Sales ratio of 1.12, despite being loss-making with a P/E ratio that is not applicable. Additionally, the company's ROCE stands at a staggering -99.91%, and ROE is at -217.90%, highlighting significant operational challenges.
When compared to peers, ChargePoint's valuation metrics are concerning; for instance, its EV to EBITDA ratio is -2.29, which is unfavorable compared to industry norms. Notably, the company has underperformed significantly against the S&P 500, with a year-to-date return of -36.09% compared to the index's 2.44%. This combination of poor financial ratios and underperformance suggests that ChargePoint Holdings, Inc. is overvalued in the current market environment.