Is Uranium Energy Corp. overvalued or undervalued?

As of 5 December 2024, the valuation grade for Uranium Energy Corp. has moved from does not qualify to risky. The company appears to be overvalued given its current financial metrics, particularly with a Price to Book Value of 3.12, an EV to EBIT ratio of -45.49, and an EV to EBITDA ratio of -48.42, indicating significant losses relative to its enterprise value.
In comparison to its peers, Uranium Energy Corp. has a notably low P/E ratio of -86.92, while Carpenter Technology Corp. is considered very expensive with a P/E of 38.67, and ATI, Inc. shows a fair valuation with a P/E of 24.85. Despite the overvaluation, the company has demonstrated strong stock performance, with a year-to-date return of 83.26% compared to the S&P 500's 12.22%, and an impressive 1-year return of 146.18% against the S&P 500's 17.14%.