Is Mirion Technologies, Inc. overvalued or undervalued?

As of 10 May 2021, the valuation grade for Mirion Technologies, Inc. moved from does not qualify to risky, indicating increased concerns regarding its financial health. The company appears to be overvalued, given its high Price to Book Value of 3.09 and an EV to EBITDA ratio of 27.43, which is significantly elevated compared to its peers. Notably, the company has a negative P/E ratio due to losses, and a low ROCE of 2.10% coupled with a negative ROE of -0.34% further underscores its financial challenges.
In comparison to its peers, Rocket Lab USA, Inc. has a P/E ratio of -59.03 and an EV to EBITDA of -70.43, while OSI Systems, Inc. is relatively fair with a P/E of 25.00 and an EV to EBITDA of 16.24. These comparisons highlight that Mirion Technologies, Inc. is not only struggling with profitability but also is trading at a premium relative to some of its peers. Despite a strong one-year return of 88.43% compared to the S&P 500's 10.26%, the underlying financial metrics suggest that the current valuation may not be justified.