Is TPI Composites, Inc. overvalued or undervalued?

As of 8 November 2021, the valuation grade for TPI Composites, Inc. moved from expensive to risky, indicating a significant shift in its perceived value. The company is currently assessed as overvalued, given its troubling financial metrics. Key ratios include a Price to Book Value of -0.15, an EV to EBITDA of -15.19, and a ROCE of -156.04%, all pointing to severe financial distress and loss-making operations.
In comparison to its peers, TPI Composites, Inc. exhibits a P/E ratio of -0.3093 and an EV to EBITDA of -15.0236, while American Superconductor Corp. stands out with a fair valuation and a P/E ratio of 103.4527. Additionally, NuScale Power Corp. is also categorized as risky with a P/E of -95.5869. The company's stock has underperformed significantly against the S&P 500, with a year-to-date decline of 41.80% compared to a modest gain of 2.44% for the index, further reinforcing the notion of overvaluation.