Is Clean Energy Technologies, Inc. overvalued or undervalued?

As of 22 May 2023, the valuation grade for Clean Energy Technologies, Inc. has moved from very expensive to risky, indicating a significant shift in its financial outlook. The company is currently assessed as overvalued, particularly given its troubling financial ratios. The Price to Book Value stands at 5.63, while both the EV to EBIT and EV to EBITDA ratios are negative at -8.72 and -8.80, respectively, reflecting ongoing losses.
In comparison to its peers, Clean Energy Technologies, Inc. shows stark contrasts; for instance, Interface, Inc. has a P/E ratio of 14.09 and an EV to EBITDA of 7.99, while Apogee Enterprises, Inc. presents a more favorable P/E of 8.57 and an EV to EBITDA of 6.14. The company's return performance has also been dismal, with a year-to-date decline of 59.57%, starkly underperforming the S&P 500's gain of 2.44% in the same period. Overall, these factors contribute to the conclusion that Clean Energy Technologies, Inc. is significantly overvalued in its current state.