DHT Holdings, Inc. (DHT) Financial Ratios
26 years of historical data (2000–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
12.28
↑+55% vs avg
5yr avg: 7.94
30Y Low2.9·High13.8
P/FCF
↓
N/A
—
5yr avg: 10.93
30Y Low1.8·High31.3
P/B Ratio
↑
2.68
↑+94% vs avg
5yr avg: 1.38
30Y Low0.2·High5.1
ROE
↑
19.4%
↓+70% vs avg
5yr avg: 11.4%
30Y Low-49%·High112%
Debt/EBITDA
↓
1.55
↓-25% vs avg
5yr avg: 2.07
30Y Low0.8·High8.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DHT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
DHT Holdings, Inc. trades at 14.4x earnings, 12% above its 5-year average of 12.9x, sitting at the 63rd percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 7%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $2.0B | $1.5B | $1.6B | $1.5B | $878M | $889M | $1.4B | $562M | $447M | $387M |
| Enterprise Value | $3.4B | $2.3B | $1.8B | $1.9B | $1.7B | $1.3B | $1.3B | $2.2B | $1.4B | $1.2B | $979M |
| P/E Ratio → | 14.42 | 9.32 | 8.29 | 9.91 | 24.00 | — | 3.25 | 16.24 | — | 71.80 | 41.40 |
| P/S Ratio | 6.12 | 3.95 | 2.62 | 2.84 | 3.22 | 2.97 | 1.29 | 2.60 | 1.50 | 1.26 | 1.09 |
| P/B Ratio | 2.68 | 1.73 | 1.44 | 1.54 | 1.36 | 0.84 | 0.80 | 1.49 | 0.65 | 0.48 | 0.56 |
| P/FCF | — | — | 7.44 | 12.93 | 12.43 | — | 1.77 | 13.64 | — | — | — |
| P/OCF | 11.00 | 7.10 | 5.02 | 6.34 | 11.44 | 14.49 | 1.68 | 8.93 | 10.42 | 4.39 | 1.99 |
P/E links to full P/E history page with 30-year chart
DHT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
DHT Holdings, Inc.'s enterprise value stands at 12.3x EBITDA, 55% above its 5-year average of 7.9x. The Energy sector median is 7.8x, placing the stock at a 57% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.65 | 3.21 | 3.48 | 3.82 | 4.54 | 1.84 | 4.07 | 3.82 | 3.26 | 2.75 |
| EV / EBITDA | 12.28 | 8.37 | 5.69 | 6.45 | 8.78 | 10.42 | 2.90 | 8.55 | 11.98 | 8.25 | 7.84 |
| EV / EBIT | 19.97 | 10.25 | 8.64 | 9.98 | 19.54 | 92.10 | 4.16 | 16.85 | 194.76 | 24.68 | 22.03 |
| EV / FCF | — | — | 9.10 | 15.82 | 14.73 | — | 2.53 | 21.32 | — | — | — |
DHT Profitability
Margins and return-on-capital ratios measuring operating efficiency
DHT Holdings, Inc. earns an operating margin of 34.2%, significantly above the Energy sector average of 13.8%. ROE of 19.4% indicates solid capital efficiency, compared to the sector median of 7.2%. ROIC of 8.9% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.2% | 38.2% | 54.8% | 37.6% | 15.8% | -1.0% | 49.8% | 28.7% | 9.2% | 20.4% | 40.6% |
| Operating Margin | 34.2% | 34.2% | 36.8% | 34.4% | 16.3% | 0.1% | 45.4% | 26.0% | 4.3% | 12.2% | 11.4% |
| Net Profit Margin | 42.5% | 42.5% | 31.7% | 28.8% | 13.5% | -3.9% | 38.5% | 13.8% | -12.5% | 1.9% | 2.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.4% | 19.4% | 17.5% | 15.3% | 5.8% | -1.1% | 26.1% | 8.2% | -5.3% | 0.8% | 1.3% |
| ROA | 13.7% | 13.7% | 12.2% | 10.8% | 3.9% | -0.7% | 15.4% | 4.0% | -2.6% | 0.4% | 0.7% |
| ROIC | 8.9% | 8.9% | 11.4% | 10.6% | 3.9% | 0.0% | 14.7% | 6.0% | 0.7% | 2.2% | 2.4% |
| ROCE | 11.7% | 11.7% | 15.0% | 13.4% | 4.9% | 0.0% | 19.2% | 8.1% | 1.0% | 2.9% | 3.0% |
DHT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
DHT Holdings, Inc. carries a Debt/EBITDA ratio of 1.6x, which is manageable (40% below the sector average of 2.6x). Net debt stands at $350M ($429M total debt minus $79M cash). Interest coverage of 15.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.40 | 0.42 | 0.37 | 0.50 | 0.41 | 0.91 | 1.12 | 0.85 | 1.02 |
| Debt / EBITDA | 1.55 | 1.55 | 1.28 | 1.42 | 2.01 | 4.08 | 1.03 | 3.34 | 8.08 | 5.61 | 5.62 |
| Net Debt / Equity | — | 0.31 | 0.32 | 0.34 | 0.25 | 0.44 | 0.34 | 0.84 | 1.01 | 0.77 | 0.86 |
| Net Debt / EBITDA | 1.27 | 1.27 | 1.04 | 1.18 | 1.37 | 3.61 | 0.87 | 3.08 | 7.28 | 5.06 | 4.74 |
| Debt / FCF | — | — | 1.66 | 2.89 | 2.30 | — | 0.76 | 7.68 | — | — | — |
| Interest Coverage | 15.92 | 15.92 | 6.99 | 5.90 | 3.39 | 0.57 | 7.96 | 2.33 | 0.14 | 1.17 | 1.27 |
DHT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
DHT Holdings, Inc.'s current ratio of 2.80x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.47x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.54x to 2.80x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.80 | 2.80 | 1.84 | 3.54 | 3.66 | 3.15 | 2.47 | 1.68 | 1.56 | 2.01 | 2.40 |
| Quick Ratio | 2.47 | 2.47 | 1.50 | 2.94 | 3.15 | 2.35 | 2.22 | 1.41 | 1.30 | 1.73 | 2.30 |
| Cash Ratio | 1.06 | 1.06 | 0.71 | 1.32 | 1.96 | 1.44 | 1.43 | 0.52 | 0.77 | 0.93 | 1.47 |
| Asset Turnover | — | 0.31 | 0.38 | 0.38 | 0.30 | 0.18 | 0.43 | 0.29 | 0.20 | 0.21 | 0.25 |
| Inventory Turnover | 12.46 | 12.46 | 6.85 | 10.35 | 11.57 | 8.95 | 29.27 | 11.19 | 10.59 | 11.93 | 26.76 |
| Days Sales Outstanding | — | 39.16 | 34.29 | 49.39 | 47.79 | 37.46 | 15.88 | 73.57 | 58.44 | 43.39 | 35.33 |
DHT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
DHT Holdings, Inc. returns 3.9% to shareholders annually primarily through dividends. A payout ratio of 56.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.9% | 6.1% | 10.8% | 11.7% | 1.3% | 2.5% | 24.1% | 2.1% | 2.0% | 5.2% | 17.2% |
| Payout Ratio | 56.3% | 56.3% | 89.0% | 115.7% | 32.0% | — | 80.6% | 38.9% | — | 353.3% | 716.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 10.7% | 12.1% | 10.1% | 4.2% | — | 30.8% | 6.2% | — | 1.4% | 2.4% |
| FCF Yield | — | — | 13.4% | 7.7% | 8.0% | — | 56.5% | 7.3% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.9% | 1.2% | 1.7% | 3.7% | 0.0% | 0.2% | 0.9% | 57.0% | 0.5% |
| Total Shareholder Yield | 3.9% | 6.1% | 11.6% | 12.9% | 3.0% | 6.2% | 24.1% | 2.3% | 2.9% | 62.2% | 17.7% |
| Shares Outstanding | — | $161M | $161M | $162M | $165M | $169M | $170M | $168M | $143M | $125M | $93M |
Peer Comparison
Compare DHT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DHTYou | $3B | 14.4 | 12.3 | — | 38.2% | 34.2% | 19.4% | 8.9% | 1.6 |
 STNG | $4B | 11.5 | 8.2 | 8.5 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 INSW | $4B | 13.6 | 9.9 | 109.7 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 TK | $1B | 10.4 | 0.5 | 9.5 | 27.5% | 21.8% | 4.8% | 12.0% | 0.2 |
 TNK | $3B | 7.4 | 6.0 | 22.9 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 NAT | $1B | 100.9 | 18.6 | — | 19.8% | 9.9% | 2.6% | 2.8% | 4.9 |
 FRO | $9B | 24.1 | 12.9 | 13.6 | 32.8% | 30.2% | 15.6% | 8.1% | 3.3 |
 ASC | $697M | 19.4 | 6.8 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 HAFN | $4B | 10.5 | 8.4 | 8.8 | 18.0% | 14.3% | 15.2% | 7.9% | 2.1 |
 TEN | $1B | 8.6 | 6.8 | — | 35.3% | 30.0% | 8.9% | 5.4% | 4.7 |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
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DHT — Frequently Asked Questions
Quick answers to the most common questions about buying DHT stock.
What is DHT Holdings, Inc.'s P/E ratio?
DHT Holdings, Inc.'s current P/E ratio is 14.4x. The historical average is 19.9x. This places it at the 63th percentile of its historical range.
What is DHT Holdings, Inc.'s EV/EBITDA?
DHT Holdings, Inc.'s current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
What is DHT Holdings, Inc.'s ROE?
DHT Holdings, Inc.'s return on equity (ROE) is 19.4%. The historical average is 23.8%.
Is DHT stock overvalued?
Based on historical data, DHT Holdings, Inc. is trading at a P/E of 14.4x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is DHT Holdings, Inc.'s dividend yield?
DHT Holdings, Inc.'s current dividend yield is 3.92% with a payout ratio of 56.3%.
What are DHT Holdings, Inc.'s profit margins?
DHT Holdings, Inc. has 38.2% gross margin and 34.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does DHT Holdings, Inc. have?
DHT Holdings, Inc.'s Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.