Is Lazydays Holdings, Inc. overvalued or undervalued?

As of 3 November 2023, Lazydays Holdings, Inc. has moved from an attractive to a risky valuation grade. The company is currently considered overvalued given its significant financial challenges, including a price-to-book value of 0.35 and an EV to EBITDA ratio of -12.51. Additionally, the return on equity (ROE) stands at a concerning -136.80%, indicating severe losses relative to shareholder equity.
In comparison to its peers, Lazydays Holdings shows a stark contrast with EVgo, Inc., which has an EV to EBITDA of -23.07, and The Honest Co., Inc., which boasts a P/E ratio of 40.86, highlighting the disparity in performance and valuation within the sector. The company's stock has underperformed significantly against the S&P 500, with a year-to-date return of -76.81% compared to the index's 2.44%, further reinforcing the notion that Lazydays is overvalued at its current price of $0.22.