Is KVH Industries, Inc. (Delaware) overvalued or undervalued?

As of 9 November 2023, KVH Industries, Inc. (Delaware) has moved from a fair to a risky valuation grade. The company is currently overvalued based on its financial metrics, with a Price to Book Value of 0.79, an EV to EBITDA ratio of 16.35, and an EV to Sales ratio of 0.56. In comparison to peers, KVH Industries has a significantly negative P/E ratio of -24.91, while Gilat Satellite Networks Ltd. shows a fair valuation with a P/E of 26.91, and Clearfield, Inc. is considered attractive with an extremely high P/E of 464.44.
Despite recent stock performance, where KVH Industries outperformed the S&P 500 over the past week (3.87% vs. 1.05%) and month (13.42% vs. 2.33%), the long-term outlook remains concerning, particularly with a 3-year return of -36.85% compared to the S&P 500's 70.41%. This suggests that while there may be short-term gains, the overall valuation indicates that the stock is not a sound investment at its current price.