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, indicating a heightened level of concern regarding its financial health. The company appears to be overvalued given its significant losses, as evidenced by a Price to Book Value of 1.35 and negative EV to EBITDA of -1.97. Additionally, the Return on Capital Employed (ROCE) stands at a troubling -85.05%, further highlighting the company's struggles.
In comparison to its peers, Lucid Group's valuation metrics are concerning; for instance, Oshkosh Corp. has a P/E ratio of 15.10, while Harley-Davidson, Inc. shows a P/E of 18.00, both indicating a stark contrast in financial performance. The stock has underperformed significantly against the S&P 500, with a year-to-date return of -32.12% compared to the S&P 500's 12.22%, reinforcing the notion that Lucid Group is currently overvalued.