Is Delcath Systems, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Delcath Systems, Inc. moved from fair to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its significant P/E ratio of 68.06, a price-to-book value of 7.11, and an EV to sales ratio of 9.50, which are all considerably higher than typical industry benchmarks. In comparison to its peers, Delcath's valuation metrics stand out unfavorably; for instance, iCAD, Inc. shows a P/E ratio of -19.65, while Eargo, Inc. has a P/E of -0.61, both indicating lower valuations in the same industry. The recent stock performance comparison with the S&P 500 is not available, but the high valuation ratios suggest that Delcath Systems may not be positioned favorably in the current market environment.