Is Vision Marine Technologies, Inc. overvalued or undervalued?

As of 14 July 2021, the valuation grade for Vision Marine Technologies, Inc. moved from does not qualify to risky. The company is currently overvalued given its financial metrics and peer comparison. Key ratios include a Price to Book Value of 0.50, an EV to EBIT of 0.22, and an EV to EBITDA of 0.23, all indicating significant financial distress and inefficiency.
In comparison with peers, Vision Marine Technologies has a P/E ratio of -3.3166, while Mastercraft Boat Holdings, Inc. shows a P/E of 40.8591, and Marine Products Corp. is very attractive with a P/E of 21.7899. The stark contrast in valuation metrics suggests that Vision Marine Technologies is not only underperforming but is also mispriced relative to its peers. Additionally, the company's stock has significantly underperformed against the S&P 500, with a year-to-date return of -54.15%, further reinforcing the notion of overvaluation.