Is Gogoro, Inc. overvalued or undervalued?

As of 12 May 2022, Gogoro, Inc. has moved from a grade of "does not qualify" to "risky." The company is currently overvalued given its financial metrics and performance. Key ratios include a Price to Book Value of 0.48, an EV to EBIT of -3.60, and an EV to EBITDA of -158.92, all indicating significant financial distress and inefficiency.
When compared to peers, Gogoro's valuation stands out unfavorably; for instance, REV Group, Inc. has a P/E ratio of 15.71 and an EV to EBITDA of 12.67, while Blue Bird Corp. shows a P/E of 12.89 and an EV to EBITDA of 9.21. Additionally, Gogoro's recent stock performance has been dismal, with a year-to-date return of -51.47%, contrasting sharply with the S&P 500's positive return of 2.44% in the same period.