Is Lazydays Holdings, Inc. overvalued or undervalued?

As of 3 November 2023, the valuation grade for Lazydays Holdings, Inc. has moved from expensive to risky, indicating a significant deterioration in its financial outlook. The company appears to be overvalued, particularly given its troubling financial metrics, including a Price to Book Value of 0.35, an EV to EBIT of -6.57, and an EV to EBITDA of -12.51.
In comparison to its peers, Lazydays Holdings is underperforming; for instance, EVgo, Inc. has an EV to EBITDA of -21.84, while The Aaron's Co., Inc. shows a more favorable EV to EBITDA of 0.54. The company's returns have been dismal, with a year-to-date decline of 92.46%, starkly contrasting with the S&P 500's gain of 12.22% during the same period. This further reinforces the view that Lazydays Holdings is not only struggling but is also overvalued in its current state.