Is Eastman Kodak Co. overvalued or undervalued?

As of 8 May 2025, Eastman Kodak Co. has moved from a valuation grade of very attractive to fair. The company is currently fairly valued. Key ratios include a P/E ratio of 6, a Price to Book Value of 0.61, and an EV to EBITDA of 56.57. In comparison, ACM Research, Inc. has a higher P/E ratio of 12.14 and CECO Environmental Corp. stands at 18.37, indicating that Kodak's valuation metrics are on the lower end of the spectrum relative to its peers.
Despite the recent shift in valuation, Kodak's stock has underperformed compared to the S&P 500, particularly in the year-to-date period, where it has declined by 12.94% against a 2.44% gain for the index. This trend reinforces the notion that while Kodak may be fairly valued based on its current ratios, the market sentiment and performance suggest caution moving forward.