Is RPC, Inc. overvalued or undervalued?

As of 24 October 2024, RPC, Inc. has moved from an expensive valuation grade to fair. The company is currently fairly valued, with a P/E ratio of 14, a Price to Book Value of 0.95, and an EV to EBITDA ratio of 3.41. In comparison to its peers, Helix Energy Solutions Group, Inc. has a P/E of 12.67 and an EV to EBITDA of 3.52, while ProFrac Holding Corp. shows a risky valuation with a P/E of -13.43.
The notable dividend yield of 17.97% and ROCE of 9.02% further support the fair valuation assessment. Despite RPC, Inc.'s recent underperformance against the S&P 500, with a year-to-date return of -19.36% compared to the index's 2.44%, the current valuation metrics suggest that the stock is appropriately priced in the market context.