Is SNDL, Inc. overvalued or undervalued?

As of 30 March 2020, the valuation grade for SNDL, Inc. moved from does not qualify to risky, indicating a significant shift in its risk profile. The company appears to be overvalued based on its financial metrics, particularly given its negative P/E ratio due to losses, a Price to Book Value of 0.44, and an EV to Sales ratio of 0.29. These ratios suggest that the market is pricing the company higher than its fundamental value would indicate.
In comparison to its peers, SNDL, Inc. has a notably lower EV to EBITDA ratio of 9.91, while Fresh Del Monte Produce, Inc. is priced at an EV to EBITDA of 7.38, and Tilray Brands, Inc. has a risky valuation with an EV to EBITDA of 27.89. Furthermore, SNDL's return performance has significantly lagged behind the S&P 500, with a year-to-date decline of 30.73% compared to the index's gain of 2.44%. Overall, SNDL, Inc. is considered overvalued in the current market context.