Is Nordic American Tankers Ltd. overvalued or undervalued?

As of 22 May 2023, the valuation grade for Nordic American Tankers Ltd. moved from very expensive to very attractive, indicating a significant shift in its market perception. The company is currently considered undervalued. Key ratios include a P/E ratio of 16, an EV to EBITDA of 7.39, and a Price to Book Value of 1.16, which suggest that the stock is trading at a reasonable valuation compared to its earnings and asset base.
In comparison to its peers, Nordic American Tankers Ltd. has a P/E ratio of 16.90, which is higher than ZIM Integrated Shipping Services Ltd. at 0.89 and FLEX LNG Ltd. at 11.69, but still reflects an attractive valuation in the current market context. The company's dividend yield of 1004.14% is exceptionally high, further enhancing its appeal to investors. Despite a challenging year with a 1Y stock return of -31.77%, the YTD return of 10.8% suggests a potential recovery, especially when compared to the S&P 500's 2.44% return in the same period.