Is Reliance Global Group, Inc. overvalued or undervalued?

As of 10 August 2023, the valuation grade for Reliance Global Group, Inc. has moved from expensive to risky. The company is currently assessed as overvalued given its negative financial metrics and poor performance relative to peers. Key ratios include a Price to Book Value of 1.67, an EV to EBIT of -0.64, and an EV to EBITDA of -1.07, all indicating significant financial distress.
In comparison to peers, Reliance Global Group's valuation is starkly lower than that of Root, Inc., which has a P/E ratio of 35.65 and an EV to EBITDA of 122.29, and Crawford & Co., which boasts a P/E of 16.08 and an EV to EBITDA of 3.81. The company's recent stock performance has been dismal, with a year-to-date return of -26.36%, contrasting sharply with the S&P 500's 2.44% return in the same period, reinforcing the notion that Reliance Global Group is overvalued.