Is ViaSat, Inc. overvalued or undervalued?

As of 25 May 2022, the valuation grade for ViaSat, Inc. has moved from fair to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued given its current metrics, particularly with a Price to Book Value of 0.26 and an EV to EBITDA ratio of 5.30, which, while not excessively high, is concerning in the context of its negative earnings and returns. Additionally, the ROE stands at -9.47%, further highlighting the company's struggles.
In comparison to its peers, ViaSat's valuation ratios are significantly less favorable; for instance, InterDigital, Inc. has a P/E ratio of 43.22 and an EV to EBITDA of 31.92, indicating a much stronger market position. Calix, Inc. also presents a risky profile but with a more extreme EV to EBITDA of -219.07, suggesting that ViaSat is not alone in its challenges. Notably, while ViaSat has shown impressive YTD returns of 254.17%, this is contrasted by a 3Y return of -16.11%, suggesting volatility and potential overvaluation when compared to the S&P 500, which has returned 12.22% YTD.