Hamilton, who beat teammate and fierce rival Nico Rosberg in the championship battle in Abu Dhabi on Sunday, is the fourth British driver to win multiple world titles and the first since Stewart achieved the feat in 1971.
"In a way it was not the most exciting season for F1. Mercedes unquestionably had the best team, chassis and engine and as the season progressed, it was very clear that other teams on Mercedes engines were more competitive than they have been for a long time. Having said that, I think Lewis Hamilton is totally being justified as the new world champion," Stewart told PTI today over the phone.
"He has won more races than anyone else this season and Nico Rosberg of course was faster in qualifying, but it is always about the man who wins and with 11 wins (out of 19) it is a very resounding victory.
"However, for Grand Prix racing it would have surely been better if we had a more competitive year. Ferrari, Red bull or McLaren were not competitive in the true sense," said the three time-champion of 1969, 1971, 1973.
Stewart is not a fan of the current regulations but has predicted a more competitive 2015 with the return of Honda, who will supply engines to McLaren.
Talking about Mercedes' dominating run, he says, "you have got to take your hat off to Mercedes-Benz and of course Lewis. I also have a lot of praise for Nico, who had a disappointing last race. The Silver Arrows are not in there to be midfield runners, they are in the business to win titles, but I would like to believe there is more competition coming from the other teams in the next 12 months.
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