Is Tidewater, Inc. overvalued or undervalued?

As of 3 September 2025, the valuation grade for Tidewater, Inc. has moved from very expensive to expensive, indicating a slight improvement in perceived value but still suggesting that the stock is not a bargain. The company appears to be overvalued based on its current metrics, with a P/E ratio of 12, an EV to EBITDA ratio of 4.44, and a Price to Book Value of 1.93, all of which are higher than some of its peers. For instance, Frontline Plc, which is rated very attractive, has a P/E of 21.44, while Matson, Inc. is rated fair with a P/E of 6.73.
In terms of performance, Tidewater has shown mixed results, with a year-to-date return of 4.66%, significantly lagging behind the S&P 500's 12.22% return over the same period. This underperformance, combined with the company's expensive valuation metrics, reinforces the conclusion that Tidewater, Inc. is overvalued in the current market context.