Is Dorian LPG Ltd. overvalued or undervalued?

As of 17 October 2025, Dorian LPG Ltd. has moved from an expensive to a very expensive valuation grade. The company is overvalued based on its current financial metrics. Key ratios include a P/E ratio of 13, an EV to EBITDA of 8.25, and a Price to Book Value of 1.16, which are significantly higher than peers such as International Seaways, Inc. with a P/E of 9.81 and an EV to EBITDA of 6.74, and Danaos Corp. with a P/E of 4.72 and an EV to EBITDA of 3.23.
In terms of stock performance, Dorian LPG Ltd. has underperformed compared to the S&P 500 over the past year, with a return of -18.44% versus the S&P 500's 14.08%. This further reinforces the notion that the stock is overvalued given its lackluster performance relative to the broader market.