Is Forge Global Holdings, Inc. overvalued or undervalued?

As of 9 February 2022, the valuation grade for Forge Global Holdings, Inc. has moved from does not qualify to risky. The company appears to be overvalued based on its financial metrics. Key ratios include a Price to Book Value of 0.86, an EV to Sales ratio of 1.16, and a ROCE of -56.25%. In comparison to peers, Forge's P/E ratio is not applicable due to losses, while AvePoint, Inc. shows a P/E of 265.46, and Global Blue Group Holding AG, which is rated very attractive, has a P/E of 30.28. The significant disparity in these ratios suggests that Forge Global Holdings is not positioned favorably within its industry. Additionally, the company's recent stock performance has outpaced the S&P 500 over the past month, but its longer-term returns indicate a concerning trend, reinforcing the notion that it is overvalued.