Is Identiv, Inc. overvalued or undervalued?

As of 3 August 2022, the valuation grade for Identiv, Inc. has moved from attractive to risky, indicating a shift towards a more negative outlook. The company is currently considered overvalued based on its financial metrics. Key ratios include a Price to Book Value of 0.53, an EV to EBIT of 1.86, and an EV to EBITDA of 2.02, all of which suggest that the company's valuation does not reflect its financial performance adequately.
In comparison to its peers, Identiv, Inc. has a significantly lower EV to EBITDA ratio than NVE Corp., which stands at 19.5881, highlighting the disparity in valuation within the industry. Other peers like CEVA, Inc. and MicroVision, Inc. also exhibit risky valuations, with EV to EBITDA ratios of -53.8360 and -5.0354, respectively. Notably, Identiv's stock has underperformed against the S&P 500, with a year-to-date return of 0.82% compared to the index's 12.22%, and a three-year return of -71.4% versus 70.41% for the S&P 500, reinforcing the perception of overvaluation.