Is Frontline Plc overvalued or undervalued?

As of 31 May 2023, the valuation grade for Frontline Plc moved from attractive to very attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, supported by key ratios such as a P/E ratio of 11, an EV to EBITDA of 8.08, and a Price to Book Value of 1.69. In comparison to peers, Frontline Plc's P/E ratio is significantly lower than Kirby Corp.'s 15.18 and Golar LNG Ltd.'s 22.93, suggesting it is priced more favorably relative to its earnings potential.
Additionally, Frontline Plc has demonstrated strong performance with a year-to-date return of 68.22%, significantly outperforming the S&P 500's 12.22% during the same period. This performance reinforces the notion that the stock is undervalued in light of its strong returns and attractive valuation metrics.