Is FingerMotion, Inc. overvalued or undervalued?

As of 22 January 2019, the valuation grade for FingerMotion, Inc. moved from does not qualify to risky, indicating increased concerns regarding its financial health. The company appears to be overvalued given its current metrics, particularly with a Price to Book Value of 10.29, an EV to EBIT of -23.59, and an EV to EBITDA of -24.23. These ratios suggest that the market may be pricing in expectations that are not supported by the company's current financial performance.
In comparison to its peers, FingerMotion, Inc. has a significantly lower EV to EBITDA ratio than i3 Verticals, Inc. (25.5477) and Ribbon Communications, Inc. (11.3776), both of which are classified as risky as well. The company's recent stock performance shows a year-to-date return of 40.00%, outperforming the S&P 500's 12.22% during the same period, but it has underperformed over the longer term, with a one-year return of -25.66% compared to the S&P 500's 17.14%. This mixed performance reinforces the notion that FingerMotion, Inc. may not be a sound investment at its current valuation.