Is Pyxis Tankers, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Pyxis Tankers, Inc. has moved from attractive to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its current P/E ratio of 3 compared to peers like Euroseas Ltd. with a P/E of 3.80 and StealthGas, Inc. at 5.11. Additionally, Pyxis has a price-to-book value of 0.31 and an EV to EBITDA ratio of 3.33, which further supports the notion of overvaluation relative to its industry peers.
In terms of performance, Pyxis Tankers has significantly underperformed against the S&P 500, with a year-to-date return of -28.75% compared to the index's 13.30%. This trend continues over longer periods, with a 1-year return of -42.15% versus the S&P 500's 14.08%. Overall, the combination of low valuation ratios and poor stock performance suggests that Pyxis Tankers, Inc. is currently overvalued.