Is Delcath Systems, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Delcath Systems, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its significant valuation ratios, including a Price to Book Value of 7.11, an EV to Capital Employed of 23.86, and an EV to Sales of 9.50. In comparison to its peers, Delcath's P/E ratio of 68.06 stands in stark contrast to iCAD, Inc. at -19.65 and Eargo, Inc. at -0.61, highlighting its relative overvaluation within the industry.
While specific return data is not available, the absence of positive returns in the context of the S&P 500 further reinforces the notion that Delcath Systems, Inc. is not only overvalued but may also be struggling to deliver shareholder value in the current market environment.