Water Transportation stocks: intrinsic value, ROIC & growth
8 U.S. water transportation companies with at least three years of SEC filings, ranked by size. 3 of the 4 with a current price trade below their Graham intrinsic value. The median company earned a 3.6% average return on invested capital and grew revenue 7.4% a year.
Updated October 18, 2026
8companies
3below Graham value
3.6%median 10-yr ROIC
7.4%median revenue CAGR
Most undervalued water transportation stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| MATX | Matson, Inc. | +95% | $234.99 | $458.71 | 49% below | $7.6B | 18.7% | 6.2% |
| RCL | Royal Caribbean Group | +51% | $277.68 | $420.18 | 34% below | $76.1B | 3.6% | 8.7% |
Highest-ROIC water transportation stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| MATX | Matson, Inc. | 18.7% | $234.99 | $458.71 | 49% below | $7.6B | 18.7% | 6.2% |
| INSW | International Seaways, Inc. | 7.0% | $109.99 | — | — | $5.5B | 7.0% | 8.7% |
| RCL | Royal Caribbean Group | 3.6% | $277.68 | $420.18 | 34% below | $76.1B | 3.6% | 8.7% |
| KEX | KIRBY CORP | 2.9% | $136.43 | $133.80 | 2% above | $7.6B | 2.9% | 7.4% |
| CCL | Carnival Corporation | 1.0% | $25.90 | — | — | $36.3B | 1.0% | 5.5% |
| NCLH | Norwegian Cruise Line Holdings | 0.6% | $15.05 | — | — | $7.2B | 0.6% | 8.1% |
All water transportation stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| RCL | Royal Caribbean Group | $277.68 | $420.18 | 34% below | $76.1B | 3.6% | 8.7% |
| CCL | Carnival Corporation | $25.90 | — | — | $36.3B | 1.0% | 5.5% |
| KEX | KIRBY CORP | $136.43 | $133.80 | 2% above | $7.6B | 2.9% | 7.4% |
| MATX | Matson, Inc. | $234.99 | $458.71 | 49% below | $7.6B | 18.7% | 6.2% |
| NCLH | Norwegian Cruise Line Holdings | $15.05 | — | — | $7.2B | 0.6% | 8.1% |
| INSW | International Seaways, Inc. | $109.99 | — | — | $5.5B | 7.0% | 8.7% |
| TDW | TIDEWATER INC | $79.50 | $90.63 | 12% below | $4.0B | -0.8% | 3.7% |
| OMEX | ODYSSEY MARINE EXPLORATION INC | $0.64 | — | — | $25.1M | 43.2% | -24.9% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue