Is Entravision Communications Corp. overvalued or undervalued?

As of 5 March 2024, the valuation grade for Entravision Communications Corp. has moved from expensive to risky. The company appears to be overvalued given its current financial metrics. Key ratios include a Price to Book Value of 1.98, an EV to EBITDA of 10.12, and a Dividend Yield of 9.11%. Notably, the company has a negative P/E ratio due to its loss-making status, which further supports the overvaluation assessment.
In comparison with peers, Sinclair, Inc. has a P/E of 2.93 and an EV to EBITDA of 5.37, while Gray Television, Inc. shows a P/E of 2.05 and an EV to EBITDA of 5.41, both indicating more attractive valuations. The recent stock performance shows Entravision outperforming the S&P 500 over the past week and month, but its longer-term returns are significantly lagging, reinforcing the notion that the current valuation may not be justified.