Is Lucid Group, Inc. overvalued or undervalued?

As of 28 February 2022, the valuation grade for Lucid Group, Inc. has moved from does not qualify to risky. The company is currently assessed as overvalued, given its significant negative financial metrics. Key ratios include a Price to Book Value of 1.35, an EV to Sales ratio of 5.97, and a ROCE of -85.05%.
In comparison to peers, Lucid's EV to EBITDA stands at -1.97, while Rivian Automotive, Inc. has a similar risky valuation with an EV to EBITDA of -4.3368, and VinFast Auto Ltd. at -5.7344. Notably, both Oshkosh Corp. and Harley-Davidson, Inc. are classified as attractive, with EV to EBITDA ratios of 7.7381 and 19.0227, respectively. The stock has underperformed against the S&P 500, with a year-to-date return of -28.48% compared to the index's 2.44%.