Is Enviri Corp. overvalued or undervalued?

As of 2 August 2022, Enviri Corp. has moved from an attractive to a risky valuation grade, indicating a significant shift in its perceived investment quality. The company is currently overvalued, given its high valuation ratios despite being loss-making. Key ratios include a Price to Book Value of 2.35, an EV to EBITDA of 9.37, and a ROCE of only 4.20%.
In comparison to its peers, Enviri Corp. has a P/E ratio of -18.60, while Purecycle Technologies, Inc. shows a P/E of -13.14, and Quest Resource Holding Corp. has a P/E of -2.50. This suggests that Enviri is underperforming relative to its peers. Additionally, the company's recent stock performance shows a decline of 5.75% over the past year, contrasting with the S&P 500's gain of 10.26%, further reinforcing its overvalued status.