Is Mobix Labs, Inc. overvalued or undervalued?

As of 14 May 2024, the valuation grade for Mobix Labs, Inc. has changed from does not qualify to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued given its current metrics, particularly with a P/E ratio of -1.6573 and an EV to EBITDA ratio of -1.9104, which suggest significant financial distress compared to industry norms.
In comparison to peers, Mobix Labs, Inc. is underperforming, with its valuation ratios indicating a lack of profitability and growth potential. For instance, the industry average P/E ratio is not provided, but the negative ratios highlight its struggles relative to competitors. Notably, over the past year, Mobix Labs has returned -3.34%, while the S&P 500 has gained 17.14%, further underscoring its underperformance and reinforcing the view that the stock is overvalued.