Is Helix Energy Solutions Group, Inc. overvalued or undervalued?

As of 3 June 2025, the valuation grade for Helix Energy Solutions Group, Inc. moved from expensive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 12, while the EV to EBITDA ratio is 3.29, and the PEG ratio is notably low at 0.23, indicating potential for growth relative to its price.
In comparison to peers, ProFrac Holding Corp. has a P/E of -13.43, reflecting its risky valuation, while RPC, Inc. shows a P/E of 15.37, which is higher than Helix's. This suggests that Helix is positioned competitively within its industry. Additionally, the company's recent stock performance has been underwhelming, with a year-to-date return of -28.97%, contrasting sharply with the S&P 500's 2.44% return, further emphasizing the current valuation context.