Diana Shipping Inc. (DSX) Financial Ratios
24 years of historical data (2001–2024) · Industrials · Marine Shipping
EV/EBITDA
↓
8.22
+7% vs avg
5yr avg: 7.70
30Y Low3.2·High26.4
P/FCF
↓
5.72
↓-27% vs avg
5yr avg: 7.85
30Y Low3.9·High15.0
P/B Ratio
↑
0.64
+7% vs avg
5yr avg: 0.59
30Y Low0.2·High2.4
ROE
↑
2.6%
↑-52% vs avg
5yr avg: 5.4%
30Y Low-61%·High112%
Debt/EBITDA
↓
6.15
+1% vs avg
5yr avg: 6.07
30Y Low0.2·High21.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DSX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Diana Shipping Inc. trades at 46.1x earnings, 273% above its 5-year average of 12.4x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 81%. On a free-cash-flow basis, the stock trades at 5.7x P/FCF, 27% below the 5-year average of 7.9x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $339M | $233M | $303M | $325M | $330M | $166M | $296M | $333M | $390M | $243M | $346M |
| Enterprise Value | $852M | $746M | $844M | $912M | $627M | $504M | $664M | $737M | $951M | $743M | $771M |
| P/E Ratio → | 46.09 | 33.33 | 6.91 | 2.87 | 6.38 | — | 28.27 | 4.97 | — | — | — |
| P/S Ratio | 1.49 | 1.02 | 1.15 | 1.12 | 1.54 | 0.98 | 1.34 | 1.47 | 2.41 | 2.13 | 2.19 |
| P/B Ratio | 0.64 | 0.46 | 0.62 | 0.67 | 0.84 | 0.39 | 0.52 | 0.53 | 0.62 | 0.23 | 0.28 |
| P/FCF | 5.72 | 3.92 | 7.83 | — | 4.67 | 14.98 | 6.31 | 4.32 | — | — | — |
| P/OCF | 4.06 | 2.78 | 4.30 | 2.05 | 3.68 | 9.65 | 5.93 | 4.17 | 16.64 | — | 14.45 |
P/E links to full P/E history page with 30-year chart
DSX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Diana Shipping Inc.'s enterprise value stands at 8.2x EBITDA, 7% above its 5-year average of 7.7x. The Industrials sector median is 13.7x, placing the stock at a 40% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.27 | 3.22 | 3.14 | 2.93 | 2.97 | 3.01 | 3.26 | 5.87 | 6.50 | 4.89 |
| EV / EBITDA | 8.22 | 7.19 | 6.23 | 4.90 | 6.03 | 14.16 | 16.99 | 15.18 | — | — | 26.43 |
| EV / EBIT | 14.50 | 14.07 | 10.50 | 6.61 | 10.09 | — | 38.08 | 16.42 | — | — | — |
| EV / FCF | — | 12.57 | 21.84 | — | 8.87 | 45.40 | 14.14 | 9.55 | — | — | — |
DSX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Diana Shipping Inc. earns an operating margin of 25.8%, significantly above the Industrials sector average of 4.9%. Operating margins have compressed from 49.2% to 25.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 2.6% is modest, trailing the sector median of 8.2%. ROIC of 4.3% represents below-average returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.8% | 57.8% | 43.2% | 57.8% | 43.6% | 16.1% | 30.7% | 31.4% | -14.9% | -58.7% | -14.2% |
| Operating Margin | 25.8% | 25.8% | 32.7% | 49.2% | 29.7% | -4.4% | -4.5% | -1.6% | -298.9% | -77.3% | -29.9% |
| Net Profit Margin | 5.6% | 5.6% | 19.0% | 41.1% | 26.8% | -79.1% | -4.8% | 29.8% | -316.1% | -143.7% | -41.0% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.6% | 2.6% | 10.2% | 27.0% | 14.0% | -26.9% | -1.8% | 10.8% | -60.9% | -14.4% | -5.2% |
| ROA | 1.1% | 1.1% | 4.2% | 11.8% | 6.7% | -13.8% | -0.9% | 5.5% | -35.1% | -9.4% | -3.6% |
| ROIC | 4.3% | 4.3% | 6.1% | 12.1% | 6.5% | -0.7% | -0.8% | -0.2% | -26.5% | -4.1% | -2.2% |
| ROCE | 5.4% | 5.4% | 8.0% | 15.6% | 8.0% | -0.8% | -1.0% | -0.3% | -35.1% | -5.2% | -2.7% |
DSX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Diana Shipping Inc. carries a Debt/EBITDA ratio of 6.1x, which is highly leveraged (92% above the sector average of 3.2x). Net debt stands at $513M ($638M total debt minus $125M cash). Interest coverage of just 1.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.26 | 1.26 | 1.31 | 1.36 | 1.08 | 0.98 | 0.83 | 0.85 | 0.96 | 0.57 | 0.51 |
| Debt / EBITDA | 6.15 | 6.15 | 4.74 | 3.57 | 4.07 | 11.82 | 12.16 | 10.93 | — | — | 21.20 |
| Net Debt / Equity | — | 1.02 | 1.11 | 1.20 | 0.75 | 0.79 | 0.64 | 0.64 | 0.90 | 0.47 | 0.35 |
| Net Debt / EBITDA | 4.95 | 4.95 | 3.99 | 3.16 | 2.85 | 9.49 | 9.41 | 8.32 | — | — | 14.57 |
| Debt / FCF | — | 8.65 | 14.00 | — | 4.20 | 30.41 | 7.83 | 5.24 | — | — | — |
| Interest Coverage | 1.31 | 1.31 | 1.74 | 5.20 | 3.14 | -0.35 | -0.33 | -0.12 | -18.18 | -4.02 | -3.03 |
DSX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Diana Shipping Inc.'s current ratio of 2.58x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.23x to 2.58x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.58 | 2.58 | 2.14 | 1.23 | 2.19 | 2.02 | 2.09 | 1.13 | 1.73 | 1.47 | 3.65 |
| Quick Ratio | 2.52 | 2.52 | 2.08 | 1.19 | 2.09 | 1.95 | 2.01 | 1.09 | 1.65 | 1.40 | 3.55 |
| Cash Ratio | 2.35 | 2.35 | 1.91 | 0.93 | 1.95 | 1.35 | 1.64 | 1.01 | 0.50 | 1.25 | 3.28 |
| Asset Turnover | — | 0.19 | 0.22 | 0.25 | 0.25 | 0.19 | 0.21 | 0.19 | 0.13 | 0.07 | 0.09 |
| Inventory Turnover | 22.94 | 22.94 | 29.45 | 26.91 | 19.84 | 30.18 | 27.70 | 26.58 | 32.23 | 30.95 | 28.82 |
| Days Sales Outstanding | — | 10.81 | 8.38 | 7.98 | 6.45 | 13.83 | 13.04 | 4.76 | 197.49 | 19.18 | 22.25 |
DSX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Diana Shipping Inc. returns 9.0% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 227.6%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.2% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 9.0% | 12.5% | 13.7% | 24.6% | 2.7% | 3.5% | 1.9% | 1.7% | 1.5% | 2.4% | 1.7% |
| Payout Ratio | 227.6% | 227.6% | 83.1% | 67.0% | 15.4% | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 3.0% | 14.5% | 34.9% | 15.7% | — | 3.5% | 20.1% | — | — | — |
| FCF Yield | 17.5% | 25.5% | 12.8% | — | 21.4% | 6.7% | 15.9% | 23.2% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.2% | 13.7% | 7.2% | 16.8% | 4.6% | 0.0% | 0.0% | 0.8% |
| Total Shareholder Yield | 9.0% | 12.5% | 13.7% | 25.7% | 16.4% | 10.7% | 18.7% | 6.3% | 1.5% | 2.4% | 2.4% |
| Shares Outstanding | — | $119M | $102M | $83M | $85M | $86M | $95M | $105M | $96M | $80M | $80M |
Peer Comparison
Compare DSX 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 |
|---|---|---|---|---|---|---|---|---|---|
 DSXYou | $339M | 46.1 | 8.2 | 5.7 | 57.8% | 25.8% | 2.6% | 4.3% | 6.1 |
 SBLK | $3B | 36.8 | 11.9 | 14.7 | 22.5% | 13.5% | 3.4% | 3.2% | 3.5 |
 GNK | $1B | -259.1 | 14.7 | — | 13.4% | 2.7% | -0.5% | 0.7% | 2.3 |
 SB | $740M | 8.5 | 7.0 | — | 45.6% | 36.4% | 12.0% | 6.6% | 3.2 |
 NMM | $2B | 6.3 | 5.0 | — | 66.1% | 33.6% | 12.5% | 8.3% | 2.1 |
 CMRE | $2B | 6.2 | 5.2 | 4.5 | 57.3% | 51.7% | 15.4% | 9.3% | 2.5 |
 DAC | $2B | 5.0 | 3.7 | 7.6 | 60.1% | 47.8% | 13.7% | 9.8% | 1.6 |
 TNK | $3B | 8.2 | 7.0 | 25.6 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 INSW | $5B | 14.7 | 10.6 | 118.9 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 ASC | $797M | 22.2 | 7.7 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 TRMD | $3B | 5.3 | 5.2 | 14.7 | 60.8% | 42.3% | 32.7% | 18.0% | 1.4 |
| Industrials Median | — | 25.5 | 13.7 | 20.5 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
See DSX's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs DSX Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare DSX vs SBLK
Side-by-side business, growth, and profitability comparison vs Star Bulk Carriers Corp..
Start ComparisonDSX — Frequently Asked Questions
Quick answers to the most common questions about buying DSX stock.
What is Diana Shipping Inc.'s P/E ratio?
Diana Shipping Inc.'s current P/E ratio is 46.1x. The historical average is 11.0x. This places it at the 100th percentile of its historical range.
What is Diana Shipping Inc.'s EV/EBITDA?
Diana Shipping Inc.'s current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
What is Diana Shipping Inc.'s ROE?
Diana Shipping Inc.'s return on equity (ROE) is 2.6%. The historical average is 9.7%.
Is DSX stock overvalued?
Based on historical data, Diana Shipping Inc. is trading at a P/E of 46.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Diana Shipping Inc.'s dividend yield?
Diana Shipping Inc.'s current dividend yield is 9.02% with a payout ratio of 227.6%.
What are Diana Shipping Inc.'s profit margins?
Diana Shipping Inc. has 57.8% gross margin and 25.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Diana Shipping Inc. have?
Diana Shipping Inc.'s Debt/EBITDA ratio is 6.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.