Is Eos Energy Enterprises, Inc. overvalued or undervalued?

As of 10 November 2021, Eos Energy Enterprises, Inc. has moved from a grade of does not qualify to risky. The company is currently considered overvalued based on its valuation metrics. Key ratios include a Price to Book Value of -2.19, an EV to EBIT of -6.63, and an EV to EBITDA of -7.06, all indicating significant financial distress.
In comparison with peers, Eos Energy's EV to EBITDA ratio of -11.0755 is notably worse than Microvast Holdings, which has a ratio of 15.6786, suggesting that Eos is struggling relative to its competitors. Additionally, NuScale Power Corp. shows a more extreme P/E ratio of -82.9096, but Eos's negative ratios still highlight its precarious position in the market. Despite the company's impressive stock returns, including a 267.35% increase over the past year compared to the S&P 500's 17.14%, the underlying financial metrics suggest that Eos Energy is overvalued.