Is Versus Systems, Inc. overvalued or undervalued?

As of 14 August 2025, the valuation grade for Versus Systems, Inc. has moved from does not qualify to risky, indicating a significant shift in its perceived financial health. The company appears to be overvalued given its current metrics, particularly with a Price to Book Value of 1.03 and an EV to Sales ratio of 8.70, which suggests that investors are paying a premium relative to its sales performance. Additionally, the negative ROCE of -50.07% and ROE of -39.01% further highlight the company's struggles in generating returns for shareholders.
In comparison to its peers, Versus Systems has a less favorable EV to EBITDA ratio of -2.07, while Verb Technology Co., Inc. shows a much larger negative EV to EBITDA of -49.7264, and Marpai, Inc. has a ratio of -2.4046. These figures indicate that while Versus Systems is not alone in its challenges, it is still positioned unfavorably within its industry. Although return data is not available for a direct comparison with the S&P 500, the lack of positive returns reinforces the notion that the stock may not be a sound investment at this time.