Is Great Lakes Dredge & Dock Corp. overvalued or undervalued?

As of 6 May 2025, the valuation grade for Great Lakes Dredge & Dock Corp. has moved from attractive to fair. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 11, an EV to EBITDA of 7.54, and a PEG ratio of 0.14, indicating a low growth expectation relative to its price.
In comparison to peers, Argan, Inc. has a P/E of 28.81, while Ameresco, Inc. stands at 12.79, suggesting that Great Lakes is priced more conservatively than some of its competitors. Notably, VSE Corp. is considered very expensive with a P/E of 49.41. Additionally, Great Lakes has outperformed the S&P 500 over the past year, returning 37.76% compared to the S&P's 10.26%, which may suggest a positive market sentiment despite the current valuation grade.