Is Eastman Chemical Co. overvalued or undervalued?

As of 31 January 2025, the valuation grade for Eastman Chemical Co. has moved from fair to attractive, indicating a more favorable assessment of its market position. The company is currently considered undervalued. Key ratios include a P/E ratio of 16, an EV to EBITDA of 10.92, and a dividend yield of 243.20%.
In comparison to peers, Eastman Chemical Co. has a lower P/E ratio than Element Solutions, Inc., which stands at 17.13, and a more favorable EV to EBITDA ratio compared to the industry average. Despite recent stock performance lagging behind the S&P 500, with a year-to-date return of -17.86% versus the index's 2.44%, the company's attractive valuation suggests potential for recovery and growth.