Is Tidewater, Inc. overvalued or undervalued?

As of 21 April 2025, Tidewater, Inc. has moved from a fair valuation to an expensive one. The company appears to be overvalued based on its current metrics. The P/E ratio stands at 12, which is lower than the peer average of approximately 13.32, while the EV to EBITDA ratio is 4.44, also below the industry average, indicating potential overvaluation. Additionally, the PEG ratio of 0.39 suggests that the stock may not be priced appropriately relative to its growth prospects.
In comparison to its peers, Golar LNG Ltd. has a P/E ratio of 25.82 and Matson, Inc. boasts a very attractive P/E of 7.01, highlighting that Tidewater's valuation is not competitive. The company's recent stock performance has been lackluster, with a year-to-date return of -18.08%, contrasting sharply with the S&P 500's gain of 2.44% during the same period. Overall, Tidewater, Inc. is currently overvalued in the market.