Is Costamare, Inc. overvalued or undervalued?

As of 14 November 2025, the valuation grade for Costamare, Inc. has moved from fair to expensive. The company appears to be overvalued based on its current metrics. 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, all of which suggest a lower valuation compared to its peers.
In comparison to its industry, Costamare's P/E ratio is significantly lower than that of International Seaways, Inc. at 9.81 and Star Bulk Carriers Corp. at 18.50, indicating that Costamare may not be priced appropriately relative to its competitors. Additionally, while Costamare has shown strong returns, with a year-to-date return of 53.26% compared to the S&P 500's 14.49%, its three-year return of 44.94% lags behind the S&P 500's 70.17%, reinforcing the notion that it may be overvalued.