Is OpGen, Inc. overvalued or undervalued?

As of 4 August 2025, OpGen, Inc. has moved from a fair to attractive valuation grade. The company appears to be undervalued, particularly given its current Price to Book Value of 15.85 and an EV to Capital Employed ratio of 27.07, despite being loss-making and having negative returns on capital and equity. In comparison, peers such as BTC Digital Ltd. and LM Funding America, Inc. exhibit significantly worse valuation metrics, with P/E ratios of -12.06 and -2.15, respectively.
The stock has experienced a staggering decline, with year-to-date returns of -99.98% compared to a 12.22% gain in the S&P 500, indicating a severe underperformance relative to the broader market. This dramatic drop underscores the potential for recovery, suggesting that OpGen, Inc. may present a compelling investment opportunity given its attractive valuation grade amidst a challenging performance backdrop.