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 deterioration in its financial standing. The company appears to be overvalued given its troubling financial metrics, including a Price to Book Value of 1.02, an EV to Sales ratio of 0.52, and an EV to Capital Employed ratio of 0.55. These ratios suggest that despite its current price, the company's financial health is precarious.
In comparison to peers, Energous Corp. has a notably negative EV to EBITDA of -0.04, while Neonode, Inc. and Airgain, Inc. also display risky valuations with EV to EBITDA ratios of -9.8835 and -8.7216, respectively. The company's returns have been dismal, with a year-to-date stock return of -75.25% compared to a positive 12.22% return for the S&P 500, reinforcing the notion that Energous Corp. is struggling significantly in the market.