Is ChargePoint Holdings, Inc. overvalued or undervalued?

As of 10 June 2020, ChargePoint Holdings, Inc. 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 2.91, an EV to EBIT of -1.99, and an EV to EBITDA of -2.29, all indicating significant financial distress and lack of profitability. In comparison to peers, ChargePoint's valuation is starkly different from The ODP Corp., which has a fair P/E ratio of 14.06 and an EV to EBITDA of 5.79. This highlights the challenges ChargePoint faces in the retailing industry. Additionally, the company's stock has underperformed significantly, with a year-to-date return of -49.63% compared to the S&P 500's positive return of 12.22%, reinforcing the view that ChargePoint is overvalued in its current state.