Is KORE Group Holdings, Inc. overvalued or undervalued?

As of 15 November 2021, KORE Group Holdings, Inc. moved from does not qualify to risky, indicating a deterioration in its valuation grade. The company appears to be overvalued given its negative Price to Book Value of -0.38, an EV to EBIT ratio of -35.10, and an EV to Sales ratio of 1.65, which suggests that the market is pricing the stock higher than its underlying value.
In comparison to peers, KORE Group's EV to EBITDA of 10.78 is notably higher than Rimini Street, Inc. at 7.9182, while Telos Corp. has a significantly negative P/E ratio of -10.5895, indicating a challenging environment for the sector. The company's recent performance has been poor, with a year-to-date return of -33.54% compared to the S&P 500's positive return of 12.22%, reinforcing the notion that KORE Group is struggling in the current market landscape.