Is EF Hutton Acquisition Corp. I overvalued or undervalued?

As of 10 May 2023, the valuation grade for EF Hutton Acquisition Corp. I has moved from does not qualify to risky. The company is currently overvalued given its negative financial metrics, including a price-to-book value of -0.54 and an EV to EBITDA ratio of -7.51. The negative return on capital employed and negative return on equity further indicate significant financial distress.
When compared to peers, EF Hutton Acquisition Corp. I has a P/E ratio of -1.0558, while Global Blockchain Acquisition Corp. has a P/E of -62.6436, and Viveon Health Acquisition Corp. is considered expensive with a P/E of -14.8159. The current price of $0.35 is significantly below its 52-week high of $1.45, and the stock has underperformed the S&P 500 with a year-to-date return of -63.93%, reinforcing the conclusion that the company is overvalued.