Is Mediaco Holding, Inc. overvalued or undervalued?

As of 14 August 2020, the valuation grade for Mediaco Holding, Inc. has moved from fair to risky, indicating a deteriorating outlook for the company. The analysis suggests that Mediaco is overvalued given its current financial metrics. The company has a Price to Book Value of 0.71, an EV to EBIT of -5.79, and an EV to EBITDA of -7.92, all of which reflect significant financial distress.
When compared to its peers, Mediaco's performance stands out negatively. For instance, Sinclair, Inc. has a P/E ratio of 2.93 and an EV to EBITDA of 5.37, while Gray Television, Inc. shows a P/E of 2.05 and an EV to EBITDA of 5.41, both of which are considerably more favorable than Mediaco's ratios. Additionally, the company's return over the past year has been a staggering -57.80%, contrasting sharply with the S&P 500's 10.26% return, further reinforcing the notion that Mediaco is overvalued in its current state.