Is iSUN, Inc. overvalued or undervalued?

As of 8 July 2024, the valuation grade for iSUN, Inc. has moved from risky to does not qualify, indicating a significant deterioration in its valuation outlook. The company appears to be overvalued given its financial metrics, with a P/E ratio of 0.0000 and an EV to EBITDA ratio of -1.39, both suggesting severe financial distress. Additionally, the ROCE stands at -43.29% and the ROE at -83.17%, highlighting the company's inability to generate returns on capital and equity.
In comparison to its peers, Wang & Lee Group, Inc. has a P/E ratio of -0.0006 and an EV to EBITDA of 0.2396, which indicates that iSUN, Inc. is lagging significantly behind in terms of valuation metrics. Given these ratios and the overall financial situation, iSUN, Inc. is clearly overvalued. While there is no available return data for the company, the lack of positive performance metrics further reinforces the negative valuation narrative.