Is Loop Media, Inc. overvalued or undervalued?

As of 10 August 2020, the valuation grade for Loop Media, Inc. moved from does not qualify to risky, indicating a significant deterioration in its financial standing. The company appears to be overvalued given its negative valuation ratios, including a Price to Book Value of -0.10 and an EV to EBITDA of -1.02, which suggest that the company's assets are not generating positive returns. Additionally, its P/E ratio is not applicable due to the company being loss-making, further complicating its valuation.
In comparison to peers, Loop Media, Inc. has a P/E ratio of -0.0177, while OppFi, Inc. shows a much healthier P/E of 11.96, highlighting the disparity in financial health within the industry. The company's returns have been dismal, with a year-to-date decline of 93.88% compared to a 12.22% increase in the S&P 500, reinforcing the notion that Loop Media is struggling significantly in the market. Overall, the combination of negative ratios and poor performance against benchmarks suggests that Loop Media, Inc. is overvalued.