Is LightPath Technologies, Inc. overvalued or undervalued?

As of 9 September 2021, the valuation grade for LightPath Technologies, Inc. moved from very expensive to risky, indicating a significant shift in its perceived value. The company is currently assessed as overvalued given its negative performance metrics, including a P/E ratio of NA due to losses, an EV to EBITDA of -29.24, and a ROE of -20.40%.
In comparison to its peers, LightPath's valuation stands out unfavorably; for instance, Knowles Corp. has a P/E ratio of 116.75 and an EV to EBITDA of 16.31, while Bel Fuse, Inc. is valued fairly with a P/E ratio of 27.60 and an EV to EBITDA of 18.36. The company's current price of $2.98 is significantly below its 52-week high of $4.42, and despite a strong one-year return of 142.28%, the overall financial indicators suggest that it remains overvalued relative to its peers and market conditions.