Is Spirit AeroSystems Holdings, Inc. overvalued or undervalued?

As of 4 August 2020, the valuation grade for Spirit AeroSystems Holdings, Inc. moved from very attractive to risky, indicating a significant change in its financial outlook. The company is currently considered overvalued given its negative P/E ratio and troubling financial metrics, including a Price to Book Value of -1.88 and an EV to EBIT of -5.55. The Return on Capital Employed (ROCE) is alarmingly low at -203.14%, further supporting the overvaluation assessment.
In comparison to its peers, Spirit AeroSystems shows a stark contrast with Rocket Lab USA, which has a P/E ratio of -59.03, and Kratos Defense & Security Solutions, which is rated very attractive with a P/E of 285.70. This peer comparison highlights the struggles Spirit AeroSystems faces within its industry. Additionally, while the stock has outperformed the S&P 500 year-to-date with a return of 8.89% compared to 2.44%, the overall financial indicators suggest that the company remains overvalued in the current market environment.