Is two (United States) overvalued or undervalued?

As of 14 May 2025, the valuation grade for two (United States) has moved from risky to attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued, especially in light of its Price to Book Value of 1.08 and an EV to EBITDA ratio of 22.67, which are relatively favorable compared to its peers. Notably, the company's ROCE stands at 4.29%, while the ROE is at -1.01%, reflecting challenges in profitability.
In comparison to its peers, two (United States) has a P/E ratio of -93.03, while Arisz Acquisition Corp. is at 18.12, highlighting a stark contrast in valuation metrics. The EV to EBIT ratio of 24.26 also suggests that the market may be underestimating the potential recovery of two (United States). Despite the recent poor performance against the S&P 500, where the company has declined by 61.44% over the past year compared to a 10.26% increase in the index, the current valuation presents a compelling case for investors looking for opportunities in undervalued stocks.