Is KORE Group Holdings, Inc. overvalued or undervalued?

As of 15 November 2021, KORE Group Holdings, Inc. has moved from a grade of "does not qualify" to "risky." The company is currently overvalued based on its financial metrics. Key ratios include a Price to Book Value of -0.38, an EV to EBIT of -35.10, and an EV to EBITDA of 10.78, indicating significant financial distress and inefficiency in generating profits.
In comparison to its peers, KORE Group Holdings has a P/E ratio of -0.6635, while TruBridge, Inc. also carries a risky valuation with a P/E of -40.6445, and Rimini Street, Inc. shows a more favorable P/E of 8.9564. The negative return of KORE Group Holdings, which has declined by 27.64% year-to-date compared to a 2.44% increase in the S&P 500, further supports the assessment of the company being overvalued in its current state.