Is Okeanis Eco Tankers Corp. overvalued or undervalued?

As of 3 March 2023, the valuation grade for Okeanis Eco Tankers Corp. has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company is currently assessed as undervalued, with a P/E ratio of 9, which is notably lower than the industry average, suggesting that the stock may be trading at a discount compared to its peers. Additionally, the EV to EBITDA ratio stands at 7.58, further reinforcing the undervaluation narrative.
In comparison to its peers, Okeanis Eco Tankers Corp. has a P/E of 9.91 and an EV to EBITDA of 8.03, which are competitive figures that highlight its attractive valuation relative to the industry. The company also boasts a robust dividend yield of 8.79% and a return on equity (ROE) of 19.12%, indicating strong profitability. While the stock has underperformed the S&P 500 over the past year, its recent performance shows a positive return of 0.56% over the last week, contrasting with a slight decline in the index.