Is Dominari Holdings, Inc. overvalued or undervalued?

As of 6 November 2023, the valuation grade for Dominari Holdings, Inc. has moved from does not qualify to risky. The company appears to be overvalued based on its financial metrics, with a Price to Book Value of 1.87 and negative ratios for EV to EBIT and EV to EBITDA at -1.50 and -1.51, respectively. Additionally, the Return on Capital Employed (ROCE) is significantly negative at -169.94%, indicating poor operational efficiency.
In comparison to peers, Dominari Holdings, Inc. has a worse EV to EBITDA ratio than Frequency Therapeutics, Inc. at -1.35 and significantly lower than Surrozen, Inc., which has a positive EV to EBITDA ratio of 0.87. The company's stock has shown strong returns year-to-date at 451.61%, significantly outperforming the S&P 500's 2.44% return, but this may not be sustainable given the underlying financial challenges. Overall, the combination of negative profitability metrics and high valuation ratios suggests that Dominari Holdings, Inc. is overvalued.