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 a significant downgrade in its investment appeal. The company appears to be overvalued, as evidenced by its P/E ratio being NA due to losses, a Price to Book Value of 0.15, and an EV to EBITDA of 29.32. In comparison, Pilgrim's Pride Corp. has a P/E ratio of 8.20 and an EV to EBITDA of 5.77, while Cal-Maine Foods, Inc. shows a P/E of 6.80 and an EV to EBITDA of 4.23, highlighting that Tilray is not only losing money but also significantly lagging behind its peers in terms of valuation metrics.
Recent stock performance shows that Tilray has underperformed against the S&P 500, with a 1-year return of -30.00% compared to the S&P 500's 17.14%. This stark contrast in returns reinforces the notion that Tilray Brands, Inc. is currently overvalued given its financial metrics and relative performance.