Is Johnson Outdoors, Inc. overvalued or undervalued?

As of 5 August 2024, the valuation grade for Johnson Outdoors, Inc. has moved from expensive to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued given its negative earnings metrics and low valuation ratios. Key ratios include a Price to Book Value of 0.65, an EV to EBITDA of -7.27, and a Dividend Yield of 470.22%, which, while high, is not sustainable given the company's losses.
In comparison to peers, Johnson Outdoors, Inc. has a significantly lower EV to EBITDA ratio than Malibu Boats, Inc. at 10.2587 and Sturm, Ruger & Co., Inc. at 28.5954, suggesting it is not performing well relative to its industry. Despite a strong year-to-date return of 27.18% compared to the S&P 500's 12.22%, the long-term performance shows a concerning decline, with a 5-year return of -49.35% versus the S&P 500's 96.61%. This further reinforces the view that the stock is overvalued in its current state.