Is USD Partners LP overvalued or undervalued?

As of 5 August 2022, the valuation grade for USD Partners LP has moved from very attractive to risky, indicating a significant deterioration in its financial outlook. The company is currently overvalued, especially given its negative P/E ratio and troubling EV to EBITDA of -144.53. Additionally, the EV to Sales ratio stands at 4.86, which further underscores the challenges the company faces in generating revenue relative to its enterprise value.
In comparison to peers, USD Partners LP's financial metrics are concerning, particularly when juxtaposed with NGL Energy Partners LP, which has a P/E of 10.78, and Martin Midstream Partners LP, which also carries a risky valuation with a P/E of -12.82. The stark contrast in performance is evident, as USD Partners LP has seen a staggering decline in stock value, with a year-to-date return of -76.81% compared to a modest 2.44% return from the S&P 500. This further reinforces the notion that USD Partners LP is overvalued in its current state.