Ofcourse it is, it doesn't exist yet, it's the wrong question to ask. All ICOs or crowdfundings are about paying for a promise. So is 307 EOS for 1 ETH too much for this promise? To answer that question, we would need to answer another question: is Ethereum overpriced? Impossible to answer. So maybe we should ask differently, is $0.8076 for 1EOS token too much? Impossible to answer.
From just a monetary perspective, if we round it up a little bit, you get 1EOS for $1. The US debt is circa $20,000,000,000,000 and there will be 1,000,000,000 of EOS tokens in the future. That means, that the US debt would be 20,000x than the market cap of EOS. So the conclusion? I don't know, i just wanted to put it in perspective, looks like it's quite a lot of money. US debt is 5000x more than the market cap of Bitcoin. Is it a lot? Or is it not? What do you guys think? Anyway, this leads nowhere.
So is EOS token overpriced? If EOS will be 100% functional then it's really undervalued right now. But Ethereum development is lightning fast and Ethereum in a year could be on different level, it could be fast, stable and already used on daily basis, on the other hand EOS would just end the ICO at this time. Anyway, i don't want to undervalue EOS, Dan Larimer is very experienced guy in the crypto space. I bought a little of EOS so i hope it will work out, this year is really exciting.