Is Clipper Realty, Inc. overvalued or undervalued?

As of 8 March 2018, Clipper Realty, Inc. has moved from a grade of "does not qualify" to "risky." The company is currently undervalued, given its P/E ratio of 4, EV to EBITDA of 0.33, and an exceptionally high dividend yield of 729.43%. In comparison to its peers, AG Mortgage Investment Trust, Inc. has a P/E of 4.27 and EV to EBITDA of 0.205, while Modiv Industrial, Inc. stands out with a P/E of 52.88 and an EV to EBITDA of 3.94, indicating a stark contrast in valuation metrics.
Despite the company's recent stock performance showing a 1-year return of 9.27% compared to the S&P 500's 10.26%, the significant negative capital employed and book value suggest caution. Overall, Clipper Realty, Inc. appears to be undervalued in the current market context, particularly when considering its low valuation ratios relative to peers.