Is PLBY Group, Inc. overvalued or undervalued?

As of 9 February 2021, the valuation grade for PLBY Group, Inc. moved from does not qualify to risky. The company appears to be overvalued given its negative financial metrics, including a Price to Book Value of 21.51, an EV to EBIT of -12.95, and an EV to EBITDA of -40.62. In comparison to peers, Despegar.com Corp. has a P/E ratio of 51.8610, while Carriage Services, Inc. boasts a more attractive P/E of 26.4683, highlighting PLBY's relative weakness in valuation.
The company's recent stock performance shows a stark contrast to the S&P 500, with a 1-year return of 115.27% compared to the index's 17.14%, but this is overshadowed by a 3-year decline of -59.85% against the S&P's 70.41% gain. Overall, the combination of high valuation ratios and poor financial performance suggests that PLBY Group, Inc. is overvalued.