Is Lakeshore Acquisition II Corp. overvalued or undervalued?

As of 13 November 2023, Lakeshore Acquisition II Corp. has moved from a grade of "does not qualify" to "risky." The company is currently assessed as overvalued. Key ratios include a price to book value of -0.02, an EV to EBITDA of -1.02, and an EV to sales ratio of 1.24, indicating significant financial distress and negative performance metrics.
In comparison with peers, Lakeshore Acquisition II Corp. has a P/E ratio of -0.0263, while Twin Ridge Capital Acquisition Corp. is considered expensive with a P/E of -4.2417, and Keyarch Acquisition Corp. also shows negative valuation metrics with a P/E of -0.4936. Notably, Lakeshore has underperformed significantly against the S&P 500, with a year-to-date return of -96.24% compared to the index's 2.44%, reinforcing the notion of its overvaluation amidst a challenging financial landscape.