Is Oceaneering International, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Oceaneering International, Inc. has moved from attractive to very attractive, indicating a stronger outlook for the company. Based on the provided metrics, Oceaneering appears to be undervalued. The P/E ratio stands at 12, which is lower than the peer average of approximately 13.23, while the EV to EBITDA ratio of 6.48 is also favorable compared to peers like ESAB Corp. with a ratio of 14.88. Additionally, the PEG ratio of 0.23 suggests that the stock is undervalued relative to its growth prospects.
In terms of performance, Oceaneering has shown significant returns over longer periods, with a 5-year return of 501.82%, compared to the S&P 500's 91.29% over the same timeframe. However, in the shorter term, the stock has underperformed, with a year-to-date return of -11.39% versus the S&P 500's 13.30%. This contrast highlights the potential for recovery as the company's valuation metrics suggest it is positioned for growth.