Is Tidewater, Inc. overvalued or undervalued?

As of 17 October 2025, Tidewater, Inc. has moved from a fair to an expensive valuation grade, indicating that it is overvalued. The company exhibits a P/E ratio of 12, a Price to Book Value of 1.93, and an EV to EBITDA of 4.44, which suggest that its current price may not be justified given its earnings and asset values. In comparison, peers like Frontline Plc have a P/E of 21.44 and an EV to EBITDA of 10.11, while Matson, Inc. shows a more attractive P/E of 6.73 and an EV to EBITDA of 4.38, highlighting that Tidewater's valuation is on the higher end relative to its industry.
In terms of recent performance, Tidewater's stock has underperformed against the S&P 500, with a year-to-date return of -11.72% compared to the S&P's 13.30%, and a one-year return of -24.24% versus the S&P's 14.08%. This trend reinforces the notion that the stock may be overvalued, as it struggles to keep pace with broader market returns.