Is Tidewater, Inc. overvalued or undervalued?

As of 17 October 2025, Tidewater, Inc. has moved from a fair to an expensive valuation grade. The company is currently overvalued, as indicated by its P/E ratio of 12, which is lower than the peer average of approximately 14.79, and an EV to EBITDA ratio of 4.44, also below the peer average of 5.75. Additionally, the PEG ratio of 0.39 suggests that the stock may not be justifying its price relative to its earnings growth potential.
In comparison to its peers, Frontline Plc has a P/E ratio of 21.44, indicating a more favorable valuation, while Kirby Corp. is considered very expensive with a P/E of 15.18. Tidewater's recent stock performance shows a decline of 24.24% over the past year, contrasting sharply with the S&P 500's gain of 14.08%, further reinforcing the notion that the stock is currently overvalued.