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 strong improvement in its valuation outlook. The company appears to be undervalued, supported by a P/E ratio of 6, a Price to Book Value of 0.99, and an EV to EBITDA ratio of 4.88. In comparison to peers, Frontline Plc has a significantly higher P/E ratio of 21.44, while Matson, Inc. has a similar P/E of 6.73, reinforcing the notion that International Seaways, Inc. is trading at a discount relative to its industry.
Despite a recent one-year return of -3.57%, which underperformed the S&P 500's 17.14%, the company has shown strong performance over longer periods, with a 5-year return of 195.52% compared to the S&P 500's 96.61%. This suggests that while the stock may have faced short-term challenges, its long-term growth potential remains robust, further supporting the conclusion that it is undervalued.