Latest Ratios: P/E Ratio 14.6x · EV/EBITDA 6.7x · ROE -0.5%. (2004–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $799M | $608M | $709M | $659M | $681M | $308M | $444M | $303M | $456M | $54M |
| Enterprise Value | $1.3B | $944M | $654M | $857M | $772M | $813M | $614M | $782M | $644M | $800M | $435M |
| P/E Ratio → | 14.62 | — | 7.97 | — | 4.15 | 3.75 | — | — | — | — | — |
| P/S Ratio | 2.21 | 2.34 | 1.44 | 1.85 | 1.23 | 1.25 | 0.87 | 1.14 | 0.82 | 2.18 | 0.39 |
| P/B Ratio | 1.26 | 0.89 | 0.66 | 0.78 | 0.68 | 0.74 | 0.41 | 0.45 | 0.29 | 0.47 | 0.05 |
| P/FCF | — | — | 8.67 | — | 4.95 | 6.00 | 18.30 | 48.73 | — | 17.57 | — |
| P/OCF | 35.53 | 25.07 | 4.80 | 7.73 | 3.48 | 2.95 | 8.36 | 7.45 | 4.59 | 17.20 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.76 | 1.55 | 2.23 | 1.44 | 1.49 | 1.73 | 2.01 | 1.75 | 3.81 | 3.21 |
| EV / EBITDA | 6.70 | 10.92 | 4.16 | 13.81 | 3.37 | 3.14 | — | 17.12 | 9.27 | 18.97 | — |
| EV / EBIT | 139.89 | 121.88 | 7.28 | — | 4.58 | 4.12 | — | — | 4264.61 | — | — |
| EV / FCF | — | — | 9.32 | — | 5.79 | 7.15 | 36.42 | 85.90 | — | 30.80 | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 13.4% | 13.4% | 27.6% | 17.8% | 36.6% | 41.4% | 10.0% | 8.0% | 23.1% | 6.9% | -49.9% |
| Operating Margin | 2.7% | 2.7% | 20.6% | -1.5% | 31.1% | 36.8% | -57.2% | -7.3% | 0.1% | -14.1% | -137.1% |
| Net Profit Margin | -1.3% | -1.3% | 18.1% | -3.4% | 29.5% | 33.3% | -63.4% | -14.4% | -9.0% | -28.0% | -160.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.5% | -0.5% | 8.3% | -1.4% | 16.8% | 21.9% | -26.2% | -5.5% | -3.2% | -5.9% | -20.3% |
| ROA | -0.4% | -0.4% | 7.0% | -1.1% | 13.3% | 14.9% | -16.3% | -3.5% | -2.1% | -3.8% | -13.2% |
| ROIC | 0.7% | 0.7% | 6.4% | -0.4% | 11.8% | 14.4% | -12.9% | -1.6% | 0.0% | -1.6% | -9.3% |
| ROCE | 0.9% | 0.9% | 8.2% | -0.5% | 14.6% | 17.6% | -16.1% | -1.9% | 0.0% | -2.0% | -14.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.10 | 0.21 | 0.18 | 0.27 | 0.60 | 0.51 | 0.51 | 0.53 | 0.50 |
| Debt / EBITDA | 2.31 | 2.31 | 0.57 | 3.13 | 0.75 | 0.95 | — | 10.82 | 7.75 | 12.29 | — |
| Net Debt / Equity | — | 0.16 | 0.05 | 0.16 | 0.12 | 0.14 | 0.41 | 0.35 | 0.32 | 0.35 | 0.37 |
| Net Debt / EBITDA | 1.67 | 1.67 | 0.29 | 2.38 | 0.49 | 0.51 | — | 7.41 | 4.91 | 8.15 | — |
| Debt / FCF | — | — | 0.65 | — | 0.85 | 1.16 | 18.12 | 37.17 | — | 13.23 | — |
| Interest Coverage | 0.63 | 0.63 | 6.75 | -0.41 | 18.52 | 12.85 | -9.06 | -0.75 | 0.00 | -0.93 | -6.63 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.34 | 2.34 | 2.41 | 4.46 | 3.43 | 4.17 | 2.18 | 1.75 | 2.65 | 4.14 | 5.96 |
| Quick Ratio | 1.79 | 1.79 | 1.86 | 3.70 | 2.84 | 3.59 | 1.99 | 1.54 | 2.36 | 3.84 | 5.63 |
| Cash Ratio | 1.22 | 1.22 | 1.07 | 1.32 | 1.59 | 2.73 | 1.27 | 1.22 | 1.94 | 3.33 | 4.61 |
| Asset Turnover | — | 0.30 | 0.40 | 0.34 | 0.46 | 0.45 | 0.29 | 0.25 | 0.23 | 0.14 | 0.09 |
| Inventory Turnover | 11.70 | 11.70 | 13.78 | 11.80 | 15.77 | 13.06 | 14.82 | 13.17 | 9.57 | 12.22 | 21.09 |
| Days Sales Outstanding | — | 16.25 | 19.05 | 18.27 | 18.02 | 14.99 | 15.30 | 14.75 | 22.15 | 22.38 | 30.70 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 2.9% | 4.1% | 11.1% | 5.8% | 17.6% | 2.0% | 3.2% | 4.7% | — | — | — |
| Payout Ratio | — | — | 88.4% | — | 73.0% | 7.4% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | — | 12.6% | — | 24.1% | 26.7% | — | — | — | — | — |
| FCF Yield | — | — | 11.5% | — | 20.2% | 16.7% | 5.5% | 2.1% | — | 5.7% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.9% | 4.1% | 11.1% | 5.8% | 17.6% | 2.0% | 3.2% | 4.7% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $43M | $44M | $43M | $43M | $43M | $42M | $42M | $38M | $34M | $7M |
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying GNK stock.
Genco Shipping & Trading Limited's current P/E ratio is 14.6x. The historical average is 5.3x. This places it at the 100th percentile of its historical range.
Genco Shipping & Trading Limited's current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.2x.
Genco Shipping & Trading Limited's return on equity (ROE) is -0.5%. The historical average is 2.1%.
Based on historical data, Genco Shipping & Trading Limited is trading at a P/E of 14.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Genco Shipping & Trading Limited's current dividend yield is 2.91%.
Genco Shipping & Trading Limited has 13.4% gross margin and 2.7% operating margin.
Genco Shipping & Trading Limited's Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Spot-rate cyclicality and dividend sustainability
Metrics are mathematically derived from official filings.
Earnings Multiples Distorted by Trough Earnings
GNK's trailing P/E of -260.00 is not meaningful, but its forward P/E of 9.78 and forward EV/EBITDA of 5.38 versus a trailing 14.78 suggest the market is pricing a substantial earnings recovery that has not yet appeared in reported trailing results.
The gap between trailing and forward multiples implies that investors are capitalizing expected rate-driven earnings rather than current profitability, which is consistent with a cyclical trough valuation. Against peers such as SBLK at 36.62 trailing P/E and NMM at 8.90, GNK's forward multiple appears moderate, but this comparison should be weighed against the volatility of spot-driven cash flows. Investors should monitor whether the forward estimates hold as the quarterly print of $0.85 EPS may reflect a temporary rate tailwind rather than sustained earnings power.
Margin Recovery Sharper Than Trailing Earnings
GNK's operating margin expanded from -13.7% in 2025Q1 to 29.1% in 2026Q3 according to reported quarterly figures, yet trailing net margin of -1.3% shows that the recovery has not yet translated into full-period profitability.
The sharp operating margin rebound points to high operating leverage, where fixed vessel costs are being absorbed by higher charter rates, but the single quarter of strength sits against several weak prior periods. Relative to peers such as SHIP, which reports a 13.2% net margin, GNK's trailing net profitability lags, suggesting its earnings base is still normalizing. Operating margin is the more reliable indicator of current earnings power here, as net income is distorted by depreciation and non-recurring items.
Returns Recovering From Negative Territory
GNK's ROIC moved from -0.8% in 2025Q1 to 3.4% in 2026Q3 based on reported figures, a meaningful turn but one that remains well below the 6.1% ROIC posted by peers SHIP and NMM.
The improvement in return on invested capital appears driven primarily by margin recovery rather than asset efficiency, given that asset turnover remains volatile across the period. The low absolute level of ROIC relative to peers suggests the company has not yet demonstrated sustained compounding of invested capital. Investors should watch whether returns can hold above the mid-single digits through a full rate cycle before concluding the trajectory is durable.
Near-Zero Leverage After Mid-Period Borrowing
GNK's debt-to-equity ratio fell from 0.37 in 2026Q2 to 0.01 in 2026Q3 and interest coverage reached 6.97 per reported figures, placing it well below the 0.50 to 1.03 D/E range of peers.
The rapid retirement of debt within a single quarter suggests financing was tied to a specific fleet or dry-dock need rather than a steady capital structure, which warrants further investigation into the timing and source of repayment. Current leverage is substantially lower than every peer in the group, which appears to provide considerable downside resilience during rate troughs. The main analytical question is whether this low leverage reflects deliberate conservatism or a temporary position following deleveraging.
Low Leverage Masks Earnings Volatility Risk
The most commonly misapplied ratio for GNK is the debt-to-equity ratio, which at 0.01 appears to signal fortress strength but may obscure the lumpy capital expenditure and dry-dock cycles that drive cash flow swings.
Because a point-in-time D/E snapshot can understate the financing needs of a fleet with episodic reinvestment, the more informative measure is free cash flow after dry-docking across a full cycle, which ranged from $24.3M to negative $118.6M in recent quarters. Off-balance sheet charter obligations and the retained deficit of -$505.1M are not captured in headline leverage and warrant reconciliation against the filed statements. Investors should therefore weigh normalized, cycle-adjusted cash generation more heavily than leverage ratios when assessing GNK's financial resilience.