Is Sky Harbour Group Corp. overvalued or undervalued?

As of 10 November 2022, the valuation grade for Sky Harbour Group Corp. has moved from does not qualify to risky, indicating a significant change in its perceived financial health. The company is currently assessed as overvalued. Key ratios highlight its challenging position: the Price to Book Value stands at 7.57, while the EV to EBITDA is a concerning -44.18, and the ROE is at -12.85%.
In comparison to its peers, Sky Harbour's P/E ratio is not applicable due to losses, while Five Point Holdings LLC, deemed very attractive, has a P/E of 6.72, and Douglas Elliman, Inc. is also classified as risky with a P/E of -6.02. The stark contrast in valuations suggests that Sky Harbour is not only struggling relative to its peers but also faces significant challenges in generating positive returns. Additionally, the company's stock has underperformed against the S&P 500 over the past month, declining by 11.67% compared to a 3.83% gain in the index.