Is SFL Corp. Ltd. overvalued or undervalued?

As of 16 February 2022, SFL Corp. Ltd. has moved from a grade of risky to very attractive, indicating a significant improvement in its valuation outlook. The company is currently considered undervalued. Key ratios include a P/E ratio of 14, an EV to EBITDA of 7.77, and a dividend yield of an impressive 590.17%.
In comparison to its peers, SFL Corp. Ltd. has a lower P/E ratio than Golar LNG Ltd., which stands at 25.82, and is more attractive than Matson, Inc., which has a P/E of 7.01. The company's return performance has lagged behind the S&P 500, particularly over the past year, where it has seen a decline of 35.79% compared to the index's gain of 10.26%. Overall, the valuation metrics suggest that SFL Corp. Ltd. presents a compelling investment opportunity at its current price.