Is Douglas Elliman, Inc. overvalued or undervalued?

As of 9 March 2023, Douglas Elliman, Inc. has moved from an attractive to a risky valuation grade. The company is currently considered overvalued. Key ratios indicate significant financial distress, with a Price to Book Value of 1.51, an EV to EBIT of -2.30, and an ROCE of -272.14%.
In comparison to its peers, Douglas Elliman's P/E ratio is notably negative at -6.02, while FRP Holdings, Inc. has a fair valuation with a P/E of 75.43, and Five Point Holdings LLC is very attractive with a P/E of 6.72. The company’s recent stock performance shows a year-to-date return of 52.69%, significantly outperforming the S&P 500's 2.44%, but this does not mitigate the overall risk reflected in its valuation metrics.