Is Nauticus Robotics, Inc. overvalued or undervalued?

As of 14 November 2022, the valuation grade for Nauticus Robotics, Inc. moved from does not qualify to risky, indicating a significant concern regarding its financial health. The company appears to be overvalued based on its current metrics, particularly given its negative P/E ratio and extremely high Price to Book Value of 23.39. Additionally, the EV to EBITDA ratio stands at -2.58, reflecting a troubling operational performance.
In comparison to its peers, Nauticus Robotics has a significantly worse EV to EBITDA ratio than Graham Corp. at 23.9921 and Natural Gas Services Group, Inc. at 7.2291, both of which are classified as fair. Furthermore, the company's ROCE of -107.56% and ROE of -2362.77% underscore its inefficiency in generating returns. Over the past year, Nauticus Robotics has underperformed the S&P 500, with a return of -77.16% compared to the index's 17.14%, reinforcing the notion that the stock is overvalued.