Is Energous Corp. overvalued or undervalued?

As of 13 May 2025, the valuation grade for Energous Corp. has moved from does not qualify to risky, indicating a significant shift in perceived risk. The company is deemed overvalued given its current financial metrics, particularly with a price-to-book value of 1.02 and negative ratios such as an EV to EBITDA of -0.04 and a staggering ROCE of -1451.40%. These figures suggest that the company is struggling to generate positive returns and is not effectively utilizing its capital.
In comparison to its peers, Energous Corp. has a less favorable position, with its EV to EBITDA ratio of 0.0206 trailing behind companies like Neonode, Inc. at -45.4552 and Airgain, Inc. at -7.0725. The overall peer group is similarly classified as risky, but the stark negative returns of Energous, which have plummeted 75.50% over the past year compared to the S&P 500's 10.26% gain, further emphasize its overvaluation status.