Is FingerMotion, Inc. overvalued or undervalued?

As of 22 January 2019, FingerMotion, Inc. has moved from a grade of "does not qualify" to "risky." The company is currently considered overvalued. Key ratios include a Price to Book Value of 10.29, an EV to EBITDA of -24.23, and a ROCE of -43.27%.
In comparison to peers, FingerMotion's EV to EBITDA ratio of -24.23 is worse than SoundHound AI, Inc. at -31.11 and Ribbon Communications, Inc. at 14.18. The company's recent stock performance has been notably poor, with a year-to-date return of 71.67%, significantly outpacing the S&P 500's 2.44%, but the one-year return of -26.16% suggests ongoing challenges.