Is USD Partners LP overvalued or undervalued?

As of 5 August 2022, the valuation grade for USD Partners LP moved from very attractive to risky, indicating a significant deterioration in its financial outlook. The company appears to be overvalued given its current metrics, particularly with a Price to Book Value of -0.00 and an EV to EBITDA ratio of -144.53, which suggests extreme inefficiency and potential insolvency. Additionally, the EV to Sales ratio stands at 4.86, which is concerning for a company in the oil industry. In comparison to its peers, NGL Energy Partners LP has a fair valuation with a P/E ratio of 15.66 and an EV to EBITDA of 5.90, while Martin Midstream Partners LP is also rated risky with an EV to EBITDA of 5.87. The stark contrast in these ratios highlights USD Partners LP's struggles relative to its competitors. Furthermore, while the company experienced a notable 31.82% return over the past week, it has significantly underperformed the S&P 500 with a year-to-date return of -73.80%. This trend reinforces the perception of overvaluation amidst a challenging financial landscape.