Is Taoping, Inc. overvalued or undervalued?

As of 11 March 2019, the valuation grade for Taoping, Inc. moved from attractive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a Price to Book Value of 0.40, an EV to EBITDA of 12.60, and a negative ROE of -11.46%.
In comparison to peers, Taoping, Inc. does not qualify for a P/E ratio, while SharpLink Gaming Ltd. has a P/E of -150.15 and Marpai, Inc. shows a P/E of -1.35, highlighting the challenges faced by companies in this sector. The recent stock performance has been poor, with a year-to-date return of -67.80%, contrasting sharply with the S&P 500's return of 2.44% in the same period, reinforcing the notion that Taoping, Inc. is significantly overvalued.