Is Maui Land & Pineapple Co., Inc. overvalued or undervalued?

As of 18 August 2023, the valuation grade for Maui Land & Pineapple Co., Inc. has moved from expensive to risky. The company appears to be overvalued given its current financial metrics, including a Price to Book Value of 12.46 and an EV to Sales ratio of 21.72, which are significantly higher than many peers. Additionally, the company is loss-making, reflected in its P/E ratio being unavailable and negative ROE of -54.86%.
In comparison to peers, Redfin Corp. has a P/E ratio of -7.74 and an EV to EBITDA of -10.46, while Forestar Group, Inc. is considered attractive with a P/E of 5.68 and an EV to EBITDA of 3.84. The stark contrast in these ratios indicates that Maui Land & Pineapple is not only underperforming but also carries a higher valuation risk relative to its peers. Despite a recent 1-month stock return of 14.48% compared to the S&P 500's 3.83%, the overall financial health suggests that the company is overvalued in the current market context.