Is Reliance Global Group, Inc. overvalued or undervalued?

As of 10 August 2023, the valuation grade for Reliance Global Group, Inc. moved from fair to risky, indicating a deteriorating outlook. The company is considered overvalued based on its current financial metrics, particularly given its negative P/E ratio due to losses. 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 of which suggest significant financial distress compared to its peers.
In comparison to its industry, Crawford & Co. has a fair P/E of 17.88, while Kingstone Cos., Inc. shows an attractive EV to EBITDA of 67.23, highlighting the underperformance of Reliance Global Group, Inc. Furthermore, the company's stock has significantly underperformed against the S&P 500, with a year-to-date return of -70.21% compared to the index's 12.22%, reinforcing the notion of overvaluation.