Is FLEX LNG Ltd. overvalued or undervalued?

As of 26 February 2020, the valuation grade for FLEX LNG Ltd. has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company is currently undervalued, reflected by a P/E ratio of 11, which is competitive against its peers, such as the industry average P/E ratio of approximately 11.69 and an EV/EBITDA ratio of 9.94 compared to the peer average of 10.06. Additionally, FLEX LNG boasts a remarkable dividend yield of 1294.19%, which further enhances its attractiveness to investors.
In terms of return on equity (ROE) and return on capital employed (ROCE), FLEX LNG shows strong performance with figures of 14.49% and 8.95%, respectively. The company's recent stock performance has been mixed, with a year-to-date return of 3.88%, slightly outperforming the S&P 500's 2.44% in the same period. Overall, the combination of favorable ratios and a strong dividend yield supports the conclusion that FLEX LNG Ltd. is currently undervalued in the market.