Is Newell Brands, Inc. overvalued or undervalued?

As of 28 April 2023, the valuation grade for Newell Brands, Inc. has moved from very attractive to risky, indicating a shift in investor sentiment. The company is currently considered overvalued, with a P/E ratio of 13, which is lower than its peer Hillenbrand, Inc. that has a P/E of 14.41. Additionally, Newell's Price to Book Value stands at 0.91, while its EV to EBITDA is 8.85, suggesting that the company is not performing as well as its industry counterparts.
In comparison to its peers, Newell Brands' EV to EBIT ratio is 14.33, which is higher than Hillenbrand's 6.60, further emphasizing its overvaluation. The company's recent stock performance has been poor, with a year-to-date return of -46.99%, significantly underperforming the S&P 500's return of 2.44%. Overall, these factors contribute to the conclusion that Newell Brands, Inc. is overvalued in the current market environment.