Golar LNG Limited (GLNG) Financial Ratios
26 years of historical data (2000–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↑
39.48
↑+39% vs avg
5yr avg: 28.44
30Y Low10.5·High54.0
P/FCF
↑
N/A
—
5yr avg: 66.65
30Y Low18.1·High78.6
P/B Ratio
↑
2.68
↑+119% vs avg
5yr avg: 1.22
30Y Low0.6·High4.4
ROE
↑
3.0%
↑-31% vs avg
5yr avg: 4.3%
30Y Low-16%·High106%
Debt/EBITDA
↑
14.92
↑+30% vs avg
5yr avg: 11.49
30Y Low5.6·High38.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GLNG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Golar LNG Limited trades at 84.1x earnings, 69% above its 5-year average of 49.7x, sitting at the 92nd percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a premium of 398%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.7B | $3.8B | $4.5B | $2.5B | $2.5B | $1.4B | $935M | $1.4B | $2.2B | $3.0B | $2.2B |
| Enterprise Value | $7.3B | $5.4B | $5.3B | $3.0B | $2.8B | $2.8B | $3.2B | $3.8B | $4.5B | $5.2B | $3.7B |
| P/E Ratio → | 84.09 | 57.25 | 88.17 | — | 3.67 | — | — | — | — | — | — |
| P/S Ratio | 14.52 | 9.58 | 17.11 | 8.21 | 9.24 | 5.22 | 2.13 | 3.19 | 5.09 | 20.89 | 26.85 |
| P/B Ratio | 2.68 | 1.82 | 1.88 | 0.94 | 0.85 | 0.62 | 0.57 | 0.82 | 1.20 | 1.67 | 1.14 |
| P/FCF | — | — | — | — | 78.63 | 54.68 | — | — | — | — | — |
| P/OCF | 13.33 | 8.79 | 14.00 | 18.12 | 8.28 | 5.70 | 6.34 | 13.43 | 18.78 | 63.62 | — |
P/E links to full P/E history page with 30-year chart
GLNG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Golar LNG Limited's enterprise value stands at 39.5x EBITDA, 39% above its 5-year average of 28.4x. The Energy sector median is 8.1x, placing the stock at a 385% 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 | — | 13.60 | 20.54 | 10.04 | 10.42 | 10.61 | 7.24 | 8.37 | 10.54 | 36.19 | 46.50 |
| EV / EBITDA | 39.48 | 28.96 | 54.05 | 22.61 | 19.05 | 17.54 | 11.63 | 16.22 | 29.34 | — | — |
| EV / EBIT | 53.83 | 39.48 | 57.23 | 1028.15 | 2.72 | — | 37.27 | 136.19 | 49.64 | — | — |
| EV / FCF | — | — | — | — | 88.65 | 111.12 | — | — | — | — | — |
GLNG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Golar LNG Limited earns an operating margin of 34.4%, significantly above the Energy sector average of 14.5%. Operating margins have expanded from 27.5% to 34.4% over the past 3 years, signaling improving operational efficiency. ROE of 3.0% is modest, trailing the sector median of 7.9%. ROIC of 2.9% represents below-average returns on invested capital versus a sector median of 6.4%.
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 | 46.9% | 46.9% | 32.7% | 51.9% | 52.6% | 53.7% | 47.7% | 39.1% | 31.2% | -35.0% | -116.4% |
| Operating Margin | 34.4% | 34.4% | 17.4% | 27.5% | 35.4% | 39.2% | 37.6% | 26.4% | 14.2% | -70.1% | -173.7% |
| Net Profit Margin | 16.7% | 16.7% | 19.5% | -15.7% | 252.0% | -61.9% | -62.4% | -47.2% | -53.7% | -125.2% | -232.4% |
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 | 3.0% | 3.0% | 2.0% | -1.7% | 26.6% | -8.5% | -16.2% | -11.9% | -12.8% | -9.8% | -9.9% |
| ROA | 1.4% | 1.4% | 1.2% | -1.1% | 14.6% | -3.5% | -6.1% | -4.5% | -4.8% | -4.0% | -4.3% |
| ROIC | 2.9% | 2.9% | 1.1% | 1.9% | 2.1% | 2.1% | 3.1% | 2.2% | 1.1% | -2.0% | -2.9% |
| ROCE | 3.3% | 3.3% | 1.3% | 2.2% | 2.5% | 3.0% | 5.2% | 3.4% | 1.8% | -3.1% | -4.2% |
GLNG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Golar LNG Limited carries a Debt/EBITDA ratio of 14.9x, which is highly leveraged (520% above the sector average of 2.4x). Net debt stands at $1.6B ($2.8B total debt minus $1.2B cash). Interest coverage of 4.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.33 | 1.33 | 0.62 | 0.47 | 0.41 | 0.75 | 1.45 | 1.45 | 1.41 | 1.34 | 0.96 |
| Debt / EBITDA | 14.92 | 14.92 | 14.75 | 9.24 | 8.16 | 10.38 | 8.67 | 11.00 | 16.58 | — | — |
| Net Debt / Equity | — | 0.77 | 0.38 | 0.21 | 0.11 | 0.64 | 1.37 | 1.33 | 1.29 | 1.22 | 0.84 |
| Net Debt / EBITDA | 8.56 | 8.56 | 9.02 | 4.11 | 2.15 | 8.91 | 8.20 | 10.04 | 15.18 | — | — |
| Debt / FCF | — | — | — | — | 10.03 | 56.44 | — | — | — | — | — |
| Interest Coverage | 4.12 | 4.12 | 8.81 | 41.56 | 3.22 | 2.64 | 2.18 | 1.30 | 0.60 | -1.70 | -2.77 |
GLNG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Golar LNG Limited's current ratio of 2.55x 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 1.49x to 2.55x 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 | 2.55 | 2.55 | 0.88 | 1.49 | 3.04 | 0.71 | 0.46 | 0.26 | 0.65 | 0.29 | 0.72 |
| Quick Ratio | 2.55 | 2.55 | 0.88 | 1.49 | 3.04 | 0.71 | 0.45 | 0.26 | 0.64 | 0.29 | 0.72 |
| Cash Ratio | 2.12 | 2.12 | 0.67 | 1.24 | 2.66 | 0.55 | 0.11 | 0.15 | 0.22 | 0.13 | 0.22 |
| Asset Turnover | — | 0.07 | 0.06 | 0.07 | 0.06 | 0.05 | 0.10 | 0.10 | 0.09 | 0.03 | 0.02 |
| Inventory Turnover | — | — | 84.31 | 72.17 | 183.47 | 224.62 | 149.70 | 222.45 | 42.30 | 26.16 | 23.94 |
| Days Sales Outstanding | — | 190.68 | 129.62 | 77.26 | 76.51 | 49.02 | 31.66 | 26.40 | 63.02 | 65.81 | 36.82 |
GLNG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Golar LNG Limited returns 8.0% to shareholders annually — split between a 5.5% dividend yield and 2.5% buyback yield. The payout ratio exceeds 100% at 465.7%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 1.2% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.5% | 8.1% | 2.3% | 3.2% | 2.2% | 2.4% | 2.8% | 4.5% | 2.0% | 0.7% | 2.5% |
| Payout Ratio | 465.7% | 465.7% | 204.8% | — | 8.2% | — | — | — | — | — | — |
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 | 1.2% | 1.7% | 1.1% | — | 27.3% | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | 1.3% | 1.8% | — | — | — | — | — |
| Buyback Yield | 2.5% | 3.8% | 0.3% | 2.5% | 1.0% | 1.8% | 1.8% | 1.3% | 0.0% | 0.0% | 0.4% |
| Total Shareholder Yield | 8.0% | 11.9% | 2.7% | 5.8% | 3.3% | 4.2% | 4.6% | 5.8% | 2.0% | 0.7% | 2.9% |
| Shares Outstanding | — | $101M | $105M | $107M | $109M | $110M | $97M | $101M | $101M | $101M | $94M |
Peer Comparison
Compare GLNG 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 |
|---|---|---|---|---|---|---|---|---|---|
 GLNGYou | $6B | 84.1 | 39.5 | — | 46.9% | 34.4% | 3.0% | 2.9% | 14.9 |
 FLNG | $2B | 23.1 | 12.4 | 12.8 | 52.9% | 50.6% | 9.8% | 6.1% | 7.3 |
 CLCO | $511M | 5.3 | 7.4 | — | 76.0% | 50.5% | 12.5% | 6.7% | 5.9 |
 NFE | $211M | -0.1 | 117.5 | — | 9.1% | -11.3% | -159.7% | -1.3% | 119.5 |
 DLNG | $140M | 3.7 | 3.6 | 1.5 | 55.1% | 49.5% | 11.1% | 7.6% | 2.9 |
 CQP | $31B | 15.1 | 11.6 | 11.0 | 51.1% | 37.7% | — | 17.0% | 3.9 |
 LNG | $55B | 10.8 | 11.3 | 22.3 | 29.0% | 27.0% | 46.1% | 10.9% | 3.9 |
 NEXT | $2B | -6.4 | — | — | — | — | -15.1% | -2.1% | — |
 BP | $117B | 2187.7 | 4.9 | 10.3 | 17.7% | 8.2% | 0.1% | 9.8% | 2.5 |
 SHEL | $247B | 14.5 | 7.7 | 11.3 | 16.7% | 7.3% | 10.1% | 6.3% | 2.5 |
 TTE | $200B | 15.6 | 7.0 | 18.5 | 28.4% | 10.9% | 11.0% | 9.9% | 1.8 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 26 years · Updated daily
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Start ComparisonGLNG — Frequently Asked Questions
Quick answers to the most common questions about buying GLNG stock.
What is Golar LNG Limited's P/E ratio?
Golar LNG Limited's current P/E ratio is 84.1x. The historical average is 32.6x. This places it at the 92th percentile of its historical range.
What is Golar LNG Limited's EV/EBITDA?
Golar LNG Limited's current EV/EBITDA is 39.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.6x.
What is Golar LNG Limited's ROE?
Golar LNG Limited's return on equity (ROE) is 3.0%. The historical average is 6.3%.
Is GLNG stock overvalued?
Based on historical data, Golar LNG Limited is trading at a P/E of 84.1x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Golar LNG Limited's dividend yield?
Golar LNG Limited's current dividend yield is 5.52% with a payout ratio of 465.7%.
What are Golar LNG Limited's profit margins?
Golar LNG Limited has 46.9% gross margin and 34.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Golar LNG Limited have?
Golar LNG Limited's Debt/EBITDA ratio is 14.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.