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 expensive to risky, indicating a shift in perception regarding its valuation. The company appears to be overvalued, particularly given its low 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 higher than some of its peers. For instance, B&G Foods, Inc. has a P/E ratio of 3.38 and an EV to EBITDA of 8.12, suggesting that The Hain Celestial Group is priced at a premium compared to its competitors.
The company's performance has been dismal, with a year-to-date return of -75.77% compared to a positive 12.22% return for the S&P 500, and a staggering -91.86% return over three years against the benchmark's 70.41%. This stark contrast reinforces the notion that The Hain Celestial Group is currently overvalued in the market.