Is Wabash National Corp. overvalued or undervalued?

As of 24 October 2024, Wabash National Corp. has moved from an expensive to a risky valuation grade. The company appears to be overvalued given its negative performance metrics and ratios. Key ratios include a Price to Book Value of 1.58, an EV to Sales ratio of 0.55, and a ROE of -17.37%. In comparison, Columbus McKinnon Corp. has a significantly worse P/E ratio of -27.90, indicating that Wabash is relatively better positioned among its peers despite its own challenges.
The stock has underperformed against the S&P 500, with a year-to-date return of -32.87% compared to the S&P 500's 12.22%, and a one-year return of -41.74% against the index's 17.14%. This stark contrast reinforces the notion that Wabash National Corp. is currently overvalued in the market.