Is Clean Energy Technologies, Inc. overvalued or undervalued?

As of 22 May 2023, the valuation grade for Clean Energy Technologies, Inc. has moved from expensive to risky, indicating a significant deterioration in its financial outlook. The company appears to be overvalued, given its high Price to Book Value of 5.63 and negative EV to EBIT and EV to EBITDA ratios of -8.72 and -8.80, respectively. Additionally, the Return on Capital Employed (ROCE) stands at a troubling -33.01%, and the Return on Equity (ROE) is at an alarming -124.63%.
In comparison to peers, LSI Industries, Inc. has a P/E ratio of 28.42, while Quanex Building Products Corp. shows a P/E of 26.26, both indicating a more favorable valuation relative to Clean Energy Technologies. The company's recent stock performance reflects its struggles, with a year-to-date return of -53.01% compared to the S&P 500's gain of 12.22%, further reinforcing the notion that it is overvalued in the current market context.