Is Solid Power, Inc. overvalued or undervalued?

As of 28 February 2023, the valuation grade for Solid Power, Inc. has moved from expensive to risky, indicating a shift in perception regarding its financial health and market position. The company is currently assessed as overvalued. Key ratios reveal a Price to Book Value of 0.73, an EV to EBIT of -0.47, and an EV to EBITDA of -0.57, all of which suggest significant financial challenges.
In comparison to its peers, Solid Power, Inc. stands out negatively, with a P/E ratio of -3.7490, while Microvast Holdings, Inc. has a P/E of 120.8245, and Thermon Group Holdings, Inc. boasts a more favorable P/E of 17.0227. The company's recent stock performance has been lackluster, with a year-to-date return of -1.59%, contrasting with the S&P 500's 2.44% return over the same period, further reinforcing the notion of overvaluation amidst its financial struggles.