Is Presto Automation, Inc. overvalued or undervalued?

As of 14 February 2023, the valuation grade for Presto Automation, Inc. has moved from very expensive to risky. The company appears to be overvalued given its current financial metrics and performance indicators. Key ratios include a P/E ratio of 0.00, an EV to EBITDA of -0.98, and an EV to Capital Employed of 58.31, which highlight significant financial distress.
In comparison to peers, Spire Global, Inc. has a P/E ratio of -3.7365 and an EV to EBITDA of -9.0960, while AdTheorent Holding Co., Inc. shows a P/E ratio of 243.8290 and an EV to EBITDA of 40.0886, indicating a wide disparity in valuation within the industry. The company's recent performance has been dismal, with a year-to-date return of -95.65%, significantly underperforming the S&P 500's 2.44% return. Overall, Presto Automation, Inc. is deemed overvalued in the current market context.