Is JanOne, Inc. overvalued or undervalued?

As of 19 August 2024, the valuation grade for JanOne, Inc. has moved from does not qualify to risky, indicating a deterioration in its investment appeal. The company appears to be overvalued given its high Price to Book Value of 6.94 and negative EV to EBITDA ratio of -64.96, alongside a troubling ROCE of -27.30%. In comparison to peers, JanOne's P/E ratio is significantly worse at -41.16, while Perma-Fix Environmental Services, Inc. has a P/E of -12.21, highlighting JanOne's relative weakness.
The stock has shown mixed performance, with a 1-year return of 76.92%, outperforming the S&P 500's 17.14%, but it has significantly underperformed in the shorter term, with a year-to-date return of -20.86% compared to the S&P 500's 12.22%. Overall, these metrics suggest that JanOne, Inc. is overvalued in its current state.