Is Ferroglobe PLC overvalued or undervalued?

As of 7 May 2025, Ferroglobe PLC's valuation grade has moved from attractive to risky, indicating a significant shift in its financial outlook. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio that is not applicable due to losses, a Price to Book Value of 1.00, and an EV to EBITDA ratio of 9.69. Notably, the ROCE stands at a mere 0.51%, while the ROE is negative at -0.10%, suggesting poor profitability and efficiency.
In comparison to its peers, Ferroglobe's valuation is starkly lower than that of Centrus Energy Corp., which has a P/E of 30.18 and an EV to EBITDA of 30.12, indicating a more favorable market position. U.S. Silica Holdings, Inc. also presents a more attractive valuation with a P/E of 12.49 and an EV to EBITDA of 5.30. The company's recent stock performance has lagged behind the S&P 500, with a 1-year return of -29.73% compared to the index's 10.26%, reinforcing the notion that Ferroglobe is currently overvalued.