Is HP, Inc. overvalued or undervalued?

As of 24 February 2016, the valuation grade for HP, Inc. has moved from very attractive to risky, indicating a shift in market perception. The company appears to be overvalued, particularly when considering its P/E ratio of 8, which is significantly lower than the peer average of approximately 20.77 for Dell Technologies, Inc. and 10.09 for Hewlett Packard Enterprise Co. Additionally, HP's EV to EBITDA ratio stands at 7.33, which is comparable to its peers but reflects a concerning valuation backdrop given the overall market conditions.
The Price to Book Value of -18.54 is particularly alarming, suggesting that the company's market value is not supported by its book value. In contrast, the dividend yield of 471.07% is an outlier, yet it may not be sustainable given the company's current financial health. Recent stock performance shows HP, Inc. underperforming against the S&P 500, with a year-to-date return of -13.45% compared to the index's 12.22%, reinforcing the notion that the stock is not currently a favorable investment.