Is KLX Energy Services Holdings, Inc. overvalued or undervalued?

As of 7 May 2024, the valuation grade for KLX Energy Services Holdings, Inc. has moved from very attractive to risky. The company is currently overvalued, given its negative P/E ratio and troubling financial metrics. Key ratios include an EV to EBITDA of 3.76, a Price to Book Value of -1.34, and a ROCE of -8.18%.
In comparison to peers, SilverBow Resources, Inc. has a fair valuation with a P/E of 5.01 and an EV to EBITDA of 3.93, while Vitesse Energy, Inc. stands out as very attractive with a P/E of 38.88 and an EV to EBITDA of 7.49. The stark contrast in valuations highlights KLX's precarious position in the market. Additionally, the company has underperformed significantly against the S&P 500, with a year-to-date return of -57.43% compared to the S&P's 2.44%, reinforcing concerns about its current valuation.