Last 19 quarters of trend data · Industrials · Marine Shipping
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Hafnia Limited's quarterly P/E stands at 5.3x, down 34.0% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.48 | 5.28 | 6.06 | 8.32 | 8.32 | 8.00 | 9.28 | 4.26 | 4.20 | — | — | — | — |
| — | -34.0% | -34.8% | +95.2% | +98.3% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.54 | 1.43 | 1.13 | 1.29 | 1.13 | 0.96 | 1.35 | 1.28 | 1.30 | — | — | — | — |
| — | +49.5% | -15.9% | +0.3% | -12.7% | — | — | — | — | — | — | — | — | |
| P/B Ratio | 1.56 | 1.51 | 1.15 | 1.30 | 1.09 | 0.92 | 1.27 | 1.53 | 1.78 | — | — | — | — |
| — | +64.4% | -9.3% | -15.4% | -38.7% | — | — | — | — | — | — | — | — | |
| P/FCF | 8.78 | 8.98 | 5.94 | 10.18 | 4.29 | 4.76 | 3.90 | 3.34 | 3.76 | — | — | — | — |
| — | +88.6% | +52.3% | +205.0% | +14.0% | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 8.38 | 5.94 | 6.36 | 6.17 | 6.02 | 5.79 | 6.43 | 4.11 | 4.09 | — | — | — | — |
| — | +2.7% | -1.1% | +50.1% | +47.0% | — | — | — | — | — | — | — | — | |
| EV / EBIT | 13.58 | 6.12 | 9.71 | 9.25 | 8.92 | 9.17 | 9.94 | 4.95 | 4.73 | — | — | — | — |
| — | -33.3% | -2.3% | +87.0% | +88.5% | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Hafnia Limited's operating margin was 22.4% in Q1 2026, up 6.7 pp QoQ and up 8.7 pp YoY. The trailing four-quarter average of 17.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 40.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.0% | 23.7% | 20.3% | 19.4% | 18.6% | 16.9% | 18.8% | 30.9% | 33.9% | 31.3% | 17.1% | 27.0% | 52.7% |
| — | +40.7% | +8.1% | -37.3% | -45.0% | -46.1% | +9.9% | +14.4% | -35.7% | -26.4% | -67.1% | -57.5% | -8.2% | |
| Operating Margin | 14.3% | 22.4% | 15.8% | 17.2% | 15.0% | 13.8% | 17.2% | 30.4% | 31.5% | 29.7% | 15.5% | 25.7% | 32.7% |
| — | +62.9% | -8.3% | -43.3% | -52.5% | -53.6% | +11.0% | +18.4% | -3.7% | -36.9% | -68.3% | -55.0% | -26.0% | |
| Net Margin | 14.9% | 26.8% | 18.5% | 15.6% | 13.6% | 11.5% | 14.9% | 30.0% | 31.2% | 28.0% | 15.1% | 22.6% | 30.4% |
| — | +132.2% | +23.7% | -48.0% | -56.4% | -58.8% | -1.3% | +32.7% | +2.5% | -34.9% | -67.0% | -57.9% | -23.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.2% | 7.4% | 4.7% | 3.9% | 3.3% | 2.8% | 3.4% | 8.9% | 10.8% | 9.6% | 8.0% | 6.7% | 10.0% |
| — | +164.9% | +37.9% | -55.7% | -69.6% | -70.9% | -57.4% | +32.1% | +8.5% | -23.0% | -40.7% | -57.2% | -18.5% | |
| ROA | 9.3% | 4.6% | 3.0% | 2.5% | 2.0% | 1.7% | 2.1% | 5.6% | 6.6% | 5.6% | 4.6% | 3.7% | 5.3% |
| — | +168.2% | +40.1% | -54.8% | -69.2% | -69.6% | -53.7% | +49.7% | +24.5% | -13.5% | -31.3% | -46.7% | +10.8% | |
| ROIC | 7.9% | 3.4% | 2.2% | 2.5% | 2.0% | 1.8% | 2.2% | 5.1% | 5.9% | 5.3% | 4.1% | 3.6% | 5.0% |
| — | +83.9% | +0.9% | -50.9% | -65.5% | -65.2% | -46.3% | +38.7% | +19.5% | -12.9% | -30.5% | -40.2% | +10.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Hafnia Limited's Debt/EBITDA ratio is 5.2x, down from 8.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 30.6% YoY to 1.60x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.49 | 0.40 | 0.49 | 0.38 | 0.45 | 0.47 | 0.50 | 0.45 | 0.47 | 0.51 | 0.58 | 0.60 | 0.73 |
| — | -13.8% | -1.4% | -14.3% | -4.2% | -7.8% | -14.5% | -25.4% | -36.0% | -33.4% | -34.4% | -42.3% | -40.8% | |
| Debt / EBITDA | 2.09 | 5.16 | 7.97 | 5.84 | 7.67 | 8.53 | 7.76 | 3.96 | 3.57 | 4.18 | 5.50 | 5.94 | 5.61 |
| — | -39.5% | +2.6% | +47.4% | +114.9% | +104.3% | +41.1% | -33.4% | -36.4% | -13.4% | -2.6% | +6.4% | -28.9% | |
| Current Ratio | 1.53 | 1.60 | 1.53 | 1.52 | 1.21 | 1.23 | 1.38 | 1.70 | 1.49 | 1.57 | 1.41 | 1.46 | 1.60 |
| — | +30.6% | +11.1% | -10.9% | -19.0% | -22.0% | -2.4% | +16.6% | -7.1% | -18.0% | -22.4% | -15.4% | +13.7% | |
| Quick Ratio | 1.40 | 1.48 | 1.40 | 1.38 | 1.09 | 1.10 | 1.23 | 1.52 | 1.33 | 1.39 | 1.25 | 1.44 | 1.59 |
| — | +34.7% | +14.0% | -9.2% | -17.7% | -20.7% | -1.2% | +5.3% | -16.2% | -27.2% | -23.5% | -15.3% | +14.1% | |
| Interest Coverage | 5.62 | 15.64 | 6.68 | 10.23 | 7.11 | 5.50 | 5.57 | 23.38 | 20.73 | 10.44 | 16.72 | 6.56 | 9.33 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 19 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying HAFN stock.
Hafnia Limited's current P/E is 10.5x. The average P/E over the last 4 quarters is 7.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Hafnia Limited's current operating margin is 14.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Hafnia Limited's business trajectory between earnings reports.