Is Taoping, Inc. overvalued or undervalued?

As of 8 July 2024, the valuation grade for Taoping, Inc. has moved from very expensive to does not qualify, indicating a significant deterioration in its valuation standing. Based on the available metrics, Taoping appears to be overvalued. The Price to Book Value stands at 0.40, while the EV to EBITDA is at 12.60, and the EV to Sales is at 0.34, suggesting that the company's valuation does not align well with its financial performance.
In comparison with peers, Taoping's EV to EBITDA ratio of 12.60 is notably higher than Amesite, Inc. at -2.6395 and Gaxos.AI, Inc. at 0.9463, which further emphasizes its relative overvaluation. The company's recent performance has been dismal, with a year-to-date return of -76.08% compared to the S&P 500's positive return of 12.22%, highlighting a stark underperformance.