Is Navigator Holdings Ltd. overvalued or undervalued?

As of 3 October 2025, Navigator Holdings Ltd. has moved from a fair to an expensive valuation grade. The company appears overvalued based on its current metrics, with a P/E ratio of 9, a Price to Book Value of 0.78, and an EV to EBITDA of 6.16. In comparison, peers such as Star Bulk Carriers Corp. and DHT Holdings, Inc. have significantly higher P/E ratios of 18.50 and 12.50, respectively, indicating that Navigator is trading at a discount relative to its competitors.
The stock has underperformed against the S&P 500 in the short term, with a 1-year return of -6.13% compared to the index's 17.82%, and a 3-year return of 36.21% versus 82.57% for the S&P 500. This trend reinforces the notion that Navigator Holdings Ltd. is currently overvalued in the market.