Is Golar LNG Ltd. overvalued or undervalued?

As of 7 November 2025, Golar LNG Ltd. has moved from an expensive to a very expensive valuation grade. The company is overvalued, as indicated by its P/E ratio of 25, which is significantly higher than peers such as Frontline Plc at 21.44 and Kirby Corp. at 15.18. Additionally, Golar LNG's EV to EBITDA stands at 57.26, while its EV to Sales ratio is 20.12, both of which suggest a premium valuation compared to its industry counterparts.
In terms of performance, Golar LNG has underperformed against the S&P 500 year-to-date, with a return of -7.73% compared to the index's 14.40%. Over the last three years, however, it has achieved a return of 57.21%, which is lower than the S&P 500's 76.76%. This mixed performance further supports the conclusion that Golar LNG is currently overvalued relative to its peers and market performance.