Is Tingo Group, Inc. overvalued or undervalued?

As of 8 July 2024, the valuation grade for Tingo Group, Inc. has moved from very attractive to does not qualify, indicating a significant deterioration in its valuation outlook. The company appears to be overvalued given its current metrics, with a P/E ratio of 0, a Price to Book Value of 0.00, and an EV to EBITDA ratio of 0.18. In comparison, its peer, which has a P/E of 0.0244 and an EV to EBITDA of 0.189, suggests that Tingo Group is not only lagging behind but also lacks fundamental value indicators.
Despite a year-to-date return of 39.00%, which outperformed the S&P 500's 12.22%, the long-term performance is concerning, with a 3-year return of -98.17% compared to the S&P 500's 70.41%. This stark contrast underscores the risk associated with Tingo Group's current valuation, reinforcing the conclusion that the stock is overvalued relative to its peers and market performance.