Is Navios Maritime Partners LP overvalued or undervalued?

As of 22 August 2025, the valuation grade for Navios Maritime Partners LP has moved from fair to attractive, indicating a more favorable assessment of its stock. The company appears undervalued, especially when considering its P/E ratio of 3, a price-to-book value of 0.37, and an EV to EBITDA ratio of 4.06. In comparison, peers such as DHT Holdings, Inc. have a significantly higher P/E ratio of 12.50, while Danaos Corp. shows a similar EV to EBITDA of 3.23, reinforcing Navios' relative attractiveness in the market.
Despite a challenging one-year return of -10.08% compared to the S&P 500's 17.14%, Navios has demonstrated impressive long-term performance with a 685.30% return over the past five years, far exceeding the S&P's 96.61%. This long-term growth potential, coupled with its attractive valuation ratios, suggests that Navios Maritime Partners LP is positioned well for future gains.