Is Worldwide Webb Acquisition Corp. overvalued or undervalued?

As of 12 May 2025, the valuation grade for Worldwide Webb Acquisition Corp. has moved from fair to risky, indicating a deteriorating outlook. The company appears to be overvalued given its current financial metrics, particularly with a Price to Book Value of 30.75 and negative ratios such as EV to EBIT at -1.50 and EV to EBITDA at -1.62. These figures suggest significant operational challenges and a lack of profitability.
In comparison to peers, Worldwide Webb Acquisition Corp. has a P/E ratio of -3.6889, while Deep Medicine Acquisition Corp. also carries a risky valuation with a P/E of -0.4135, highlighting the struggles within this sector. Additionally, the company has underperformed relative to the S&P 500, with a one-year return of -57.92% compared to the index's 17.14%, further reinforcing the notion of overvaluation amidst poor performance.