Is Mawson Infrastructure Group, Inc. overvalued or undervalued?

As of 1 March 2021, the valuation grade for Mawson Infrastructure Group, Inc. moved from does not qualify to risky, indicating a significant downgrade in its investment appeal. The company appears to be overvalued, given its negative valuation ratios, including a Price to Book Value of -7.77, an EV to EBITDA of -2.76, and an EV to Sales of 0.54. Compared to peers, Mawson's EV to EBITDA ratio is substantially worse than OppFi, Inc. at 7.8458 and Crexendo, Inc. at 26.5487, highlighting its relative underperformance in the industry.
The stock has experienced a drastic decline, with a year-to-date return of -49.58% compared to the S&P 500's positive return of 12.22%, and a staggering 5-year return of -96.50% against the S&P 500's 96.61%. This stark contrast reinforces the notion that Mawson Infrastructure Group, Inc. is currently overvalued in the market.