Is Teekay Tankers Ltd. overvalued or undervalued?

As of 19 September 2025, Teekay Tankers Ltd. has moved from a fair to attractive valuation grade, indicating a favorable outlook. The company appears undervalued, supported by a P/E ratio of 5, a Price to Book Value of 0.84, and an EV to EBITDA of 2.55. In comparison to peers, Teekay's P/E ratio is significantly lower than Golar LNG Ltd. at 22.93 and Scorpio Tankers, Inc. at 10.05, suggesting that Teekay is trading at a discount relative to these competitors.
In terms of performance, Teekay has delivered a year-to-date return of 33.55%, outperforming the S&P 500's 13.31% during the same period, which reinforces the attractiveness of its current valuation. Overall, the combination of low valuation ratios and strong performance metrics supports the conclusion that Teekay Tankers Ltd. is undervalued in the current market.