Is Marvell Technology, Inc. overvalued or undervalued?

As of 3 March 2021, Marvell Technology, Inc. has seen its valuation grade change from attractive to risky. The company is currently overvalued, given its significant financial challenges, including a P/E ratio that is not applicable due to losses, a Price to Book Value of 4.43, and an EV to EBITDA ratio of 45.09. Additionally, the Return on Capital Employed (ROCE) stands at a mere 0.24%, and the Return on Equity (ROE) is negative at -1.14%.
In comparison to its peers, Marvell's valuation appears unfavorable; for instance, NVIDIA Corp. has a fair valuation with a P/E of 46.24 and an EV to EBITDA of 39.34, while QUALCOMM, Inc. is very attractive with a P/E of 15.17 and an EV to EBITDA of 12.74. The stark contrast in these ratios highlights Marvell's overvaluation. Despite some recent positive stock performance relative to the S&P 500 over the past week and month, the longer-term returns indicate a struggle, with a year-to-date decline of 35.92% compared to a modest 2.44% gain in the S&P 500.