Is Trinity Place Holdings, Inc. overvalued or undervalued?

As of 3 June 2025, the valuation grade for Trinity Place Holdings, Inc. has moved from fair to risky, indicating a deteriorating outlook. The company appears to be overvalued, as evidenced by its negative Price to Book Value of -4.14 and an EV to EBITDA ratio of -0.92, both of which suggest significant underlying issues. Additionally, the company's P/E ratio is not applicable due to its loss-making status, further complicating its valuation.
In comparison to its peers, Trinity Place Holdings, Inc. has a less favorable EV to EBITDA ratio than Sky Harbour Group Corp. and J.W. Mays, Inc., which are also classified as risky, but with significantly worse metrics. The return comparison shows that while Trinity Place experienced a 15.58% return over the past year, it lagged behind the S&P 500's 17.14%, reinforcing the notion that the stock may not be a sound investment at its current valuation.