Is Dorian LPG Ltd. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Dorian LPG Ltd. has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently overvalued, with a P/E ratio of 13, a Price to Book Value of 1.16, and an EV to EBITDA ratio of 8.25, which are all higher compared to its peers. Notably, International Seaways, Inc. has a much lower P/E of 9.81 and an EV to EBITDA of 6.74, while DHT Holdings, Inc. shows a P/E of 12.50 and an EV to EBITDA of 8.85, further highlighting Dorian's relative overvaluation.
In terms of recent performance, Dorian LPG Ltd. has shown mixed returns, with a 1-week return of 2.79% compared to the S&P 500's 1.70%, but it has underperformed over longer periods, such as a 1-year return of -18.44% against the S&P 500's 14.08%. This underperformance reinforces the notion that the stock is not only overvalued but may also struggle to deliver returns in line with broader market indices.