Is The Hain Celestial Group, Inc. overvalued or undervalued?

As of 9 May 2023, the valuation grade for The Hain Celestial Group, Inc. moved from very expensive to risky, indicating a shift in perception regarding its market valuation. The company is currently assessed as undervalued, with a P/E ratio of 9, a price-to-book value of 0.27, and an EV to EBITDA ratio of 6.96, which are significantly lower than industry peers. For comparison, The Vita Coco Co., Inc. is considered expensive with a P/E ratio of 34.44, while B&G Foods, Inc. has a P/E ratio of 2.95, both highlighting the relative valuation of The Hain Celestial Group.
Despite its current undervaluation, the company has faced significant stock price declines, with a year-to-date return of -73.66%, contrasting sharply with the S&P 500's return of 2.44% in the same period. This performance underscores the challenges the company faces, yet the low valuation ratios suggest potential for recovery if operational improvements are realized.