Is Society Pass, Inc. overvalued or undervalued?

As of 4 August 2022, Society Pass, Inc. has moved from a grade of "does not qualify" to "risky," indicating a significant downgrade in its valuation outlook. The company is currently assessed as overvalued given its negative financial ratios, including a Price to Book Value of -7.24 and an EV to EBITDA of -0.08. Additionally, the company's P/E ratio is not applicable as it is loss-making, further emphasizing its financial instability.
In comparison to its peers, Society Pass, Inc. exhibits a notably poor performance, with Next Technology Holding, Inc. having a P/E of -38.17 and CareCloud, Inc. showing a much more favorable P/E of 9.67, which highlights the stark contrast in valuation. The company's recent stock performance has been disappointing, with a year-to-date return of 35.86%, which, while positive, pales in comparison to the S&P 500's 2.44% return over the same period. Overall, the combination of negative ratios and poor peer performance suggests that Society Pass, Inc. is overvalued in the current market.