Latest Ratios: P/E Ratio -264.4x · EV/EBITDA 15.0x · 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 | $1.2B | $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 → | -264.40 | — | 7.97 | — | 4.15 | 3.75 | — | — | — | — | — |
| P/S Ratio | 3.37 | 2.34 | 1.44 | 1.85 | 1.23 | 1.25 | 0.87 | 1.14 | 0.82 | 2.18 | 0.39 |
| P/B Ratio | 1.28 | 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 | 36.13 | 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 | 15.00 | 10.92 | 4.16 | 13.81 | 3.37 | 3.14 | — | 17.12 | 9.27 | 18.97 | — |
| EV / EBIT | 141.99 | 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 | — | — | 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 -264.4x. The historical average is 5.3x.
Genco Shipping & Trading Limited's current EV/EBITDA is 15.0x. 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 -264.4x. Compare with industry peers and growth rates for a complete picture.
Genco Shipping & Trading Limited's current dividend yield is 2.86%.
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 volatility and dividend sustainability
Metrics are mathematically derived from official filings.
Margin Recovery from Cyclical Trough
Gross margin surged to 47.9% in Q2 2026 from 6.2% a year earlier, as reported in quarterly filings, signaling a sharp rebound in spot rates and operating leverage.
The sequential improvement from negative operating margins in early 2025 to 15.9% in Q2 2026 underscores the high fixed-cost structure of the dry bulk business. Net margin turned positive at 12.2%, but the -1.28% net margin reported in the latest annual data suggests the recovery is still fragile. Investors should monitor whether the Q2 2026 margin expansion is sustainable given the volatility in TCE rates and bunker fuel costs.
ROIC Rebounding from Negative Territory
ROIC improved from -0.8% in Q2 2025 to 0.0% in Q2 2026, based on reported figures, indicating a return to break-even after a period of value destruction.
The ten-quarter trend shows ROIC oscillating with the cycle, peaking at 2.0% in mid-2024 and dipping to -0.8% in 2025. The current near-zero ROIC suggests the company is just covering its cost of capital, which may limit its ability to compound shareholder value. The low leverage and asset-heavy model mean returns are highly sensitive to charter rates; a sustained recovery could drive ROIC above prior peaks, but the cyclicality warrants caution.
Working Capital Distorted by Vessel Assets
Cash conversion cycle spiked to 14,646 days in Q2 2026, as per quarterly data, driven by a DIO of 14,664 days, reflecting the lumpy nature of vessel acquisitions.
The extreme DIO figures are not indicative of inventory management but rather the capitalization of vessel purchases, which are classified as inventory during construction. Excluding this distortion, the underlying CCC for chartering operations appears manageable, with DSO around 16 days and DPO around 35 days. The negative FCF margin in Q1 2026 (-103.6%) highlights the cash flow impact of fleet expansion, which may temporarily depress efficiency metrics.
Leverage Rebuild After Deleveraging
Debt-to-equity rose to 0.37 in Q2 2026 from 0.10 a year earlier, as reported in financial statements, reflecting a strategic shift toward fleet renewal.
Total debt increased to $325.2M, yet interest coverage remains comfortable at 3.76x, suggesting the company can service its obligations even with volatile earnings. The D/EBITDA of 7.37x is elevated due to depressed EBITDA, but the fortress-like balance sheet prior to this build provides a cushion. Investors should monitor whether the debt-funded capex generates sufficient returns to justify the increased leverage, especially if spot rates revert to 2025 lows.
Liquidity Buffer Strengthens
Current ratio improved to 2.97 in Q2 2026 from 1.63 a year earlier, with cash at $73.6M, as per quarterly data, providing a solid cushion against rate volatility.
The quick ratio of 2.41 indicates that even without inventory, the company can cover short-term obligations comfortably. However, the $55.5M in cash and equivalents must be viewed against upcoming dry-docking costs and the $15.3M quarterly dividend, which could strain liquidity if rates weaken. The negative FCF in Q1 2026 underscores the risk of cash burn during capex-heavy periods, but the current liquidity position appears adequate for near-term stress.
Misapplied P/E in Cyclical Shipping
The trailing P/E of -259.9 is meaningless for a cyclical like GNK, as reported in valuation data, obscuring the normalized earnings power of the fleet.
Analysts often use P/E for shipping companies, but the extreme earnings volatility makes it unreliable. A more appropriate metric is Price-to-NAV or EV/EBITDA on normalized earnings, which smooths the cycle. The forward P/E of 10.65 suggests the market expects a recovery, but this hinges on spot rate assumptions. Investors should focus on cash flow generation and balance sheet strength rather than trailing earnings multiples.