Is Capital Product Partners LP overvalued or undervalued?

As of 20 May 2025, the valuation grade for Capital Product Partners LP has moved from attractive to fair. The company is currently fairly valued, with a P/E ratio of 25, an EV to EBITDA ratio of 14.25, and a PEG ratio of 1.40. In comparison to its peers, Navios Maritime Partners LP has a significantly lower P/E ratio of 3.53 and Global Ship Lease, Inc. boasts an even more attractive P/E of 2.39, highlighting that Capital Product Partners LP is positioned at a premium relative to these competitors.
Despite the fair valuation, the company's recent stock performance has been strong, with a year-to-date return of 29.41%, significantly outperforming the S&P 500's 2.44% over the same period. This suggests that while the stock is currently fairly valued, its robust performance may indicate investor confidence in its future prospects.