Is Tilray Brands, Inc. overvalued or undervalued?

As of 18 March 2019, the valuation grade for Tilray Brands, Inc. moved from does not qualify to risky, indicating increased scrutiny regarding its financial health. The company is currently deemed overvalued based on its financial ratios and performance metrics. Key ratios include a price to book value of 0.15, an EV to EBITDA of 29.32, and a negative ROCE of -4.19%.
In comparison to its peers, Tilray's EV to EBITDA ratio is significantly higher than Fresh Del Monte Produce, Inc. at 7.38 and Vital Farms, Inc. at 17.34, both of which are classified as expensive. Additionally, Tilray's stock has underperformed dramatically, with a year-to-date return of -72.89% compared to a modest 2.44% return for the S&P 500. This stark contrast reinforces the notion that Tilray is currently overvalued in the market.