Is Superior Industries International, Inc. overvalued or undervalued?

As of 1 November 2023, the valuation grade for Superior Industries International, Inc. has moved from attractive to risky, indicating a significant deterioration in its financial outlook. The company is currently assessed as overvalued, with a price to book value of 0.90 and an EV to EBITDA ratio of 4.06. Notably, the return on equity (ROE) stands at a staggering -196.49%, reflecting severe financial distress.
In comparison to its peers, Superior Industries shows a concerning performance; for instance, Titan International, Inc. has a P/E ratio of -39.97 and an EV to EBITDA of 11.83, while American Axle & Manufacturing Holdings, Inc. is classified as very expensive with a P/E of 9.62 and an EV to EBITDA of 3.65. The company's recent stock performance has been dismal, with a year-to-date return of -85.00%, starkly underperforming the S&P 500's 2.44% return during the same period, further reinforcing the view that it is overvalued in the current market context.