Is Complete Solaria, Inc. overvalued or undervalued?

As of 14 November 2023, Complete Solaria, Inc. has moved from a grade of "does not qualify" to "risky." The company is currently considered overvalued. Key ratios indicate significant financial distress, including a Price to Book Value of -1.78 and an EV to EBITDA of -5.15, reflecting negative earnings and a challenging operational environment. The Return on Capital Employed (ROCE) stands at a staggering -145.35%, further emphasizing the company's difficulties.
In comparison to peers, Complete Solaria's P/E ratio is -2.1370, while Tutor Perini Corp. also shows a risky valuation with a P/E of -20.6151. Meanwhile, Bowman Consulting Group Ltd. stands out as attractive with a P/E of 204.5881, highlighting the disparity in financial health within the sector. Over the past year, Complete Solaria has underperformed with a YTD return of -8.38%, contrasting with the S&P 500's positive return of 2.44%, reinforcing the notion of overvaluation amidst operational challenges.