Is Clean Energy Fuels Corp. overvalued or undervalued?

As of 9 March 2021, the valuation grade for Clean Energy Fuels Corp. has moved from expensive to risky, indicating a significant shift in perception regarding its financial health. The company appears to be overvalued given its current financial metrics, particularly with a Price to Book Value of 0.67 and an EV to EBITDA ratio of 26.37, which is notably high compared to its peers. The return on equity (ROE) stands at -21.01%, reflecting ongoing losses and a challenging operational environment.
In comparison to its peer, Northwest Natural Holding Co., which has a P/E ratio of 13.57 and an EV to EBITDA of 6.94, Clean Energy Fuels Corp. shows a stark contrast in valuation metrics. The company's recent stock performance has been poor, with a year-to-date return of -29.88%, significantly underperforming the S&P 500, which has returned 2.44% over the same period. Overall, these factors suggest that Clean Energy Fuels Corp. is overvalued in the current market context.