Is Tronox Holdings Plc overvalued or undervalued?

As of 26 July 2023, Tronox Holdings Plc has moved from a fair to a risky valuation grade, indicating a more negative outlook. The company appears to be overvalued given its valuation metrics, notably a Price to Book Value of 0.56, an EV to EBITDA of 9.00, and a Dividend Yield of 842.78%. The negative return on equity (ROE) of -9.11% further underscores the challenges the company faces.
In comparison to its peers, Tronox's valuation is concerning, especially when considering a peer with an EV to EBITDA of 10.37, highlighting a significant disparity. Additionally, the company's stock has underperformed relative to the S&P 500, with a year-to-date return of -49.75% compared to the index's 12.22%, reinforcing the notion that Tronox is struggling in the current market environment.