Is Swiftmerge Acquisition Corp. overvalued or undervalued?

As of 31 March 2025, the valuation grade for Swiftmerge Acquisition Corp. has moved from does not qualify to risky, indicating a significant change in its perceived financial health. The company is currently assessed as overvalued given its troubling financial ratios, including a Price to Book Value of 13.02, an EV to EBIT of -37.10, and an EV to EBITDA of -38.64. These figures suggest that the market is pricing the stock at a premium despite the company's loss-making status and negative returns on capital.
In comparison to its peers, Swiftmerge's P/E ratio is notably negative at -55.59, while Learn CW Investment Corp. has a P/E of 12.01, reflecting a stark contrast in valuation. Additionally, Inflection Point Acquisition Corp. II, which does not qualify for a valuation, shows a P/E of 161.53, further highlighting the disparity among peers. The company's recent stock performance has been poor, with a 1-year return of -30.9% compared to the S&P 500's gain of 10.26%, reinforcing the notion that Swiftmerge Acquisition Corp. is overvalued in the current market environment.