Changing DataGridView Cell Color based on bound Item

To change color of DataGridView Cell depanding on the value of Databound Item. 

DataGridView DataSource is collection of custom object 'SomeClass' 

public class SomeClass
        {
            public bool PropertyName { get; set; }
            .
            .
            .
        }

 private void dataGridView_CellFormatting(object sender, DataGridViewCellFormattingEventArgs e)
        {
            if (dGV.Columns[e.ColumnIndex].Name == nameof(SomeClass.PropertyName))
            {
                var dataItem = dGV.Rows[e.RowIndex].DataBoundItem as SomeClass;
                if (!dataItem.PropertyName)
                    e.CellStyle.BackColor = Color.Red;
            }

        }