Is Costamare, Inc. overvalued or undervalued?

As of 2 February 2024, the valuation grade for Costamare, Inc. has moved from very attractive to fair. Based on the current analysis, the company appears to be undervalued. Key ratios include a P/E ratio of 3, a Price to Book Value of 0.46, and an EV to EBITDA of 4.06, which suggest that the stock is trading at a significant discount compared to its intrinsic value.
In comparison to peers, ZIM Integrated Shipping Services Ltd. has a P/E ratio of 0.89 and an EV to EBITDA of 0.28, while FLEX LNG Ltd. shows a P/E of 11.69 and an EV to EBITDA of 10.06. These figures indicate that Costamare, Inc. is positioned favorably within its industry, especially considering its PEG ratio of 0.17. Despite a recent decline in stock performance relative to the S&P 500, with a 1-year return of -27.28% compared to the index's 10.26%, the underlying financial metrics suggest that the stock may be undervalued and could present a buying opportunity.