Is International Seaways, Inc. overvalued or undervalued?

As of 5 May 2023, the valuation grade for International Seaways, Inc. has moved from attractive to very attractive, indicating a significant positive shift in its valuation outlook. The company appears to be undervalued, with a P/E ratio of 6, which is notably lower than its peers such as Golar LNG Ltd. at 25.82 and Tidewater, Inc. at 13.32. Additionally, the EV to EBITDA ratio stands at 4.88, further supporting the undervaluation narrative.
In comparison to its peers, International Seaways, Inc. shows strong performance metrics, with a ROCE of 13.66% and a ROE of 17.37%. These figures suggest efficient capital utilization and profitability relative to its equity. The company's recent stock performance has outpaced the S&P 500 over the past month, with a return of 4.66% compared to the index's 3.83%, reinforcing the notion that the stock is currently undervalued.