Is Creative Eye overvalued or undervalued?

As of 25 April 2023, Creative Eye's valuation grade has moved from does not qualify to risky, indicating a significant shift in its perceived investment quality. The company appears to be overvalued given its negative PE ratio of -17.11, an EV to EBITDA of -13.60, and a ROE of -3.50%. These ratios suggest that the company is struggling to generate profits and is not effectively utilizing its equity.
In comparison to its peers, Creative Eye's valuation metrics stand out negatively. For instance, Sun TV Network, categorized as expensive, has a PE ratio of 13.91, while Zee Entertainment, marked as very attractive, boasts a PE of 15.91. This stark contrast highlights Creative Eye's challenges in profitability and market perception. Additionally, despite a strong recent performance with a 1-week return of 52.69% compared to the Sensex's 1.41%, the underlying financial ratios suggest that the stock is not fundamentally sound, reinforcing the conclusion that it is overvalued.