Is FAT Brands, Inc. overvalued or undervalued?

As of 26 March 2019, the valuation grade for FAT Brands, Inc. moved from very expensive to risky. The company is currently assessed as overvalued given its negative financial metrics, including a P/E ratio of NA due to losses, a Price to Book Value of -0.09, and an EV to EBITDA ratio of 103.14. These figures indicate significant financial distress and a lack of profitability.
In comparison to its peers, FAT Brands, Inc. has a notably worse EV to EBITDA ratio than Carrols Restaurant Group, Inc., which stands at 6.91, and Biglari Holdings, Inc., which has an EV to EBITDA of 12.88. The company's recent stock performance has also been poor, with a year-to-date return of -23.41%, contrasting sharply with the S&P 500's positive return of 2.44% over the same period. Overall, FAT Brands, Inc. appears to be overvalued in the current market environment.