Is Creative Media & Community Trust Corp. overvalued or undervalued?

As of 2 May 2023, the valuation grade for Creative Media & Community Trust Corp. has moved from very attractive to risky, indicating a significant deterioration in its financial standing. The company is currently assessed as overvalued, given its P/E ratio is not applicable due to losses, and it has a Price to Book Value of just 0.02. Other concerning ratios include an EV to EBITDA of -0.94 and an EV to Sales of -0.33, which suggest that the company is struggling to generate positive earnings and sales relative to its enterprise value.
In comparison to peers, Creative Media & Community Trust Corp. shows a stark contrast with City Office REIT, Inc., which has a P/E ratio of -21.32, and AG Mortgage Investment Trust, Inc., which is valued as very attractive with a P/E of 4.27. The substantial dividend yield of 6085.85% is misleading, as it does not reflect the underlying financial health of the company. Furthermore, the company's stock has dramatically underperformed against the S&P 500, with a year-to-date return of -83.91%, reinforcing the notion that it is currently overvalued.