Is The Beachbody Co., Inc. overvalued or undervalued?

As of 1 March 2022, The Beachbody Co., Inc. moved from a grade of does not qualify to risky. The company is overvalued based on its current financial metrics. Key valuation ratios include a Price to Book Value of 1.06, an EV to EBITDA of 2.11, and an EV to Sales ratio of 0.06, which suggest that the company is not generating sufficient value relative to its price.
In comparison to its peers, The Beachbody Co., Inc. has a significantly lower EV to EBITDA ratio than Carriage Services, Inc. at 13.2849 and American Public Education, Inc. at 7.8365, both of which are considered attractive. Furthermore, the company's return over the past year is 13.52%, which lags behind the S&P 500's return of 17.14%, reinforcing the notion that it is overvalued in the current market.