Is Mullen Automotive, Inc. overvalued or undervalued?
As of November 11, 2024, Mullen Automotive, Inc. is considered overvalued and risky, with negative financial metrics such as a price-to-book value of -0.07 and an EV to EBITDA ratio of -0.08, significantly lower than peers like Angi, Inc. and The Arena Group Holdings, Inc.
As of 11 November 2024, Mullen Automotive, Inc. has moved from a grade of "does not qualify" to "risky." The company is currently considered overvalued. Key ratios indicate significant financial distress, with a price-to-book value of -0.07 and an EV to EBITDA ratio of -0.08, reflecting negative earnings and capital employed. The P/E ratio is not applicable due to the company being loss-making.In comparison to its peers, Mullen Automotive's valuation is starkly lower than that of Angi, Inc., which has a P/E ratio of 14.76 and an EV to EBITDA of 7.87. Other peers like The Arena Group Holdings, Inc. also highlight the risks, with a P/E of 26.89 and an EV to EBITDA of 11.26. Given these comparisons and the overall negative financial metrics, Mullen Automotive appears to be significantly overvalued in the current market context.
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