Is Travel + Leisure Co. overvalued or undervalued?

As of 8 August 2018, the valuation grade for Travel + Leisure Co. has moved from attractive to risky, indicating a significant shift in its perceived value. The company appears to be overvalued based on its current metrics, with a P/E ratio of 22, which is higher than the peer average of approximately 21.07 for similar companies. Additionally, the EV to EBITDA ratio stands at 9.78, while peers like Carnival Corp. and Norwegian Cruise Line Holdings Ltd. show lower ratios of 9.50 and 9.03, respectively.
The Price to Book Value is notably negative at -11.19, suggesting that the company's liabilities exceed its assets, which is a concerning indicator. Furthermore, the PEG ratio of 2.06 indicates that the stock may not be growing at a rate that justifies its current price. Given these ratios and the comparison with peers, Travel + Leisure Co. is assessed as overvalued in the current market context. Despite a recent 1-year return of 12.05%, which outperformed the S&P 500's 10.26%, the underlying financial ratios raise significant concerns about the sustainability of this valuation.