Is Traeger, Inc. overvalued or undervalued?

As of 15 November 2021, Traeger, Inc. has moved from an expensive to a risky valuation grade. The company appears to be overvalued given its current financial metrics. Key ratios include a Price to Book Value of 0.71, an EV to EBITDA of 10.82, and a ROE of -10.63%.
In comparison to its peers, Traeger, Inc. has a negative P/E ratio of -8.58, while Hamilton Beach Brands Holding Co. is fairly valued with a P/E of 6.38, and Turtle Beach Corp. is considered expensive with a P/E of 14.04. The recent performance of Traeger, Inc. has been underwhelming, with a year-to-date return of -24.69%, contrasting sharply with the S&P 500's positive return of 2.44% in the same period, reinforcing the notion that the stock is currently overvalued.