Is Oceaneering International, Inc. overvalued or undervalued?

As of 4 June 2025, the valuation grade for Oceaneering International, Inc. has moved from attractive to very attractive. The company is currently considered undervalued. Key ratios include a P/E ratio of 12, an EV to EBITDA of 6.48, and a PEG ratio of 0.23, indicating strong growth potential relative to its price.
In comparison to peers, Oceaneering's P/E ratio of 12 is significantly lower than that of Gates Industrial Corp. Plc at 22.68 and Enpro, Inc. at 44.41, both of which are categorized as very expensive. Additionally, Oceaneering's EV to EBITDA of 6.48 is more favorable compared to John Bean Technologies Corp., which has a negative valuation and a high P/E ratio of -1053.09. Despite recent underperformance relative to the S&P 500, with a year-to-date return of -20.63% compared to the index's 2.44%, the overall valuation metrics suggest that Oceaneering is positioned for potential upside.