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

As of 17 October 2025, the valuation grade for Helix Energy Solutions Group, Inc. has moved from very attractive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 12, while the EV to EBITDA ratio is 3.29, and the Price to Book Value is 0.65, indicating a reasonable valuation relative to its earnings and asset base.
In comparison to peers, NOV, Inc. has a P/E ratio of 10.22, and Weatherford International plc shows a P/E of 7.99, both suggesting that Helix Energy is positioned within a competitive range. Notably, while Helix has performed well over the last five years with a return of 142.15%, it has underperformed against the S&P 500 in the last year, with a decline of 39.46% compared to the index's gain of 14.08%.