Is Lumen Technologies, Inc. (Louisiana) overvalued or undervalued?

As of 7 February 2023, the valuation grade for Lumen Technologies, Inc. has moved from very attractive to risky, indicating a shift in perception towards the company's financial health. The company appears to be overvalued, particularly given its troubling financial ratios, including a Price to Book Value of 13.99, an EV to EBIT of 38.81, and a ROE of -176.47%.
In comparison to its peers, Lumen's EV to EBITDA ratio of 5.84 is lower than that of Frontier Communications, which stands at 9.6332, yet both are categorized as risky. Other peers, such as Cogent Communications, show a significantly higher EV to EBITDA of 23.1974, reflecting a stark contrast in valuation. Furthermore, Lumen's stock has underperformed relative to the S&P 500 over multiple periods, with a 1-year return of -9.87% compared to the index's 17.14%, reinforcing the notion that the stock is currently overvalued.