Is Oxus Acquisition Corp. overvalued or undervalued?

As of 21 May 2024, the valuation grade for Oxus Acquisition Corp. has moved from does not qualify to risky, indicating a significant shift in its perceived financial health. The company is currently assessed as overvalued given its negative financial metrics, including a Price to Book Value of -22.95 and an EV to EBITDA ratio of -9.74. Additionally, the Return on Capital Employed (ROCE) stands at a concerning -62.41%, reflecting ongoing operational challenges.
In comparison to its peers, Oxus Acquisition Corp. exhibits a P/E ratio of -5.25, while Concord Acquisition Corp. III, also rated risky, has a P/E of -2.93. Notably, DP Cap Acquisition Corp. I, which does not qualify, has a much higher P/E of 91.35, highlighting the disparity in valuation among similar companies. The recent performance of Oxus Acquisition Corp. has been disappointing, with a year-to-date return of -30.49%, significantly underperforming the S&P 500's gain of 2.44%.