Is Glittek Granites overvalued or undervalued?

As of 14 February 2024, Glittek Granites has moved from an attractive to a risky valuation grade, indicating a significant deterioration in its financial standing. The company is currently overvalued, as evidenced by its negative PE ratio of -0.71, an EV to EBITDA ratio of -1.75, and a ROCE of -228.99%. These ratios highlight severe financial distress and an inability to generate positive earnings.
In comparison to its peers, Glittek Granites stands out unfavorably; for instance, L T Foods, rated as very attractive, has a PE ratio of 27.31 and an EV to EBITDA of 18.04, while Cera Sanitary, rated attractive, shows a PE of 34.68 and an EV to EBITDA of 26.52. The stark contrast in these metrics underscores Glittek's precarious position within the industry. Additionally, while Glittek has shown strong returns over the past year at 74.76%, this is juxtaposed against a backdrop of negative performance in the last week and month, further complicating its valuation narrative.