Is Koss Corp. overvalued or undervalued?

As of 26 October 2023, Koss Corp. has moved from an expensive to a risky valuation grade. The company appears to be overvalued given its negative financial indicators and poor performance relative to its peers. Key ratios include a Price to Book Value of 1.73, an EV to EBIT of -24.87, and an EV to EBITDA of -28.84, all of which suggest significant financial distress.
In comparison to its peers, Koss Corp. has a notably unfavorable P/E ratio of -57.31, while Turtle Beach Corp. is fairly valued with a P/E of 18.60, and GoPro, Inc. is also risky with a P/E of -4.77. The company's recent stock performance has been lackluster, with a year-to-date return of -21.82% compared to the S&P 500's 12.22%, further reinforcing the notion that Koss Corp. is currently overvalued.