Is Performant Financial Corp. overvalued or undervalued?

As of 1 March 2017, the valuation grade for Performant Financial Corp. moved from attractive to risky. The company is currently considered overvalued based on its financial metrics. Key ratios include a Price to Book Value of 3.12, an EV to EBITDA of 151.64, and a ROE of -7.63%.
In comparison to its peers, Lincoln Educational Services Corp. has a P/E ratio of 59.63, while TaskUs, Inc. boasts a much lower P/E of 27.32, highlighting the relative overvaluation of Performant Financial Corp. Additionally, the company's EV to Sales ratio of 1.88 suggests it is trading at a premium compared to its industry peers. Although return data is not available, the lack of positive performance metrics reinforces the view that the stock is overvalued.