Is Cibus, Inc. overvalued or undervalued?

As of 21 March 2024, Cibus, Inc. has moved from a grade of "does not qualify" to "risky." The company is currently considered overvalued, particularly given its troubling financial metrics. The price-to-book value stands at 0.81, while the EV to EBITDA ratio is at an alarming -3.40, indicating significant losses. Additionally, the return on equity (ROE) is a staggering -132.88%, reflecting severe inefficiencies in generating profit from shareholders' equity.
When compared to peers, Cibus, Inc. exhibits a less favorable position; for instance, Applied Digital Corp. has a P/E ratio of -24.45, while NETGEAR, Inc. is in a more attractive range with a P/E of -18.38. The stark contrast in valuation metrics underscores Cibus's challenges. Furthermore, the company's stock has significantly underperformed against the S&P 500, with a one-year return of -84.90% compared to the index's 10.26%, reinforcing the notion of overvaluation amidst its current financial distress.