Dorian LPG Ltd. (LPG) Financial Ratios
14 years of historical data (2013–2026) · Energy · Oil & Gas Midstream
EV/EBITDA
↑
7.43
+19% vs avg
5yr avg: 6.23
30Y Low4.7·High17.7
P/FCF
↑
14.55
↑+112% vs avg
5yr avg: 6.86
30Y Low3.2·High72.0
P/B Ratio
↑
1.48
↑+41% vs avg
5yr avg: 1.05
30Y Low0.4·High1.5
ROE
↑
17.7%
↓+3% vs avg
5yr avg: 17.2%
30Y Low-38%·High32%
Debt/EBITDA
↓
2.54
↓-20% vs avg
5yr avg: 3.16
30Y Low2.0·High12.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LPG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dorian LPG Ltd. trades at 8.7x earnings, 21% above its 5-year average of 7.2x, sitting at the 78th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 44%. On a free-cash-flow basis, the stock trades at 14.6x P/FCF, 112% above the 5-year average of 6.9x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.5B | $941M | $1.6B | $802M | $585M | $654M | $471M | $350M | $405M | $506M |
| Enterprise Value | $2.1B | $1.8B | $1.3B | $2.1B | $1.5B | $1.0B | $1.2B | $1.1B | $1.0B | $1.1B | $1.2B |
| P/E Ratio → | 8.69 | 7.52 | 10.44 | 5.06 | 4.65 | 8.14 | 7.06 | 4.21 | — | — | — |
| P/S Ratio | 3.51 | 3.03 | 2.66 | 2.77 | 2.06 | 2.13 | 2.07 | 1.41 | 2.21 | 2.54 | 3.02 |
| P/B Ratio | 1.48 | 1.28 | 0.90 | 1.52 | 0.92 | 0.64 | 0.69 | 0.48 | 0.38 | 0.42 | 0.52 |
| P/FCF | 14.55 | 12.53 | 6.11 | 4.38 | 5.16 | 6.12 | 4.06 | 3.16 | 71.97 | 7.12 | 10.08 |
| P/OCF | 8.05 | 6.93 | 5.44 | 4.00 | 3.58 | 4.93 | 3.83 | 2.79 | 39.40 | 7.07 | 9.71 |
P/E links to full P/E history page with 30-year chart
LPG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Dorian LPG Ltd.'s enterprise value stands at 7.4x EBITDA, 19% above its 5-year average of 6.2x. The Energy sector median is 7.8x, placing the stock at a 5% discount on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.82 | 3.79 | 3.69 | 3.77 | 3.72 | 3.75 | 3.25 | 6.42 | 6.65 | 7.40 |
| EV / EBITDA | 7.43 | 6.58 | 7.34 | 5.21 | 5.61 | 6.42 | 6.11 | 4.73 | 17.74 | 15.33 | 15.67 |
| EV / EBIT | 10.00 | 8.86 | 10.84 | 5.99 | 7.26 | 11.11 | 10.37 | 7.52 | — | 151.00 | 53.28 |
| EV / FCF | — | 15.81 | 8.68 | 5.82 | 9.46 | 10.67 | 7.35 | 7.28 | 208.77 | 18.66 | 24.69 |
LPG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Dorian LPG Ltd. earns an operating margin of 43.1%, significantly above the Energy sector average of 13.8%. Operating margins have compressed from 58.6% to 43.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 17.7% indicates solid capital efficiency, compared to the sector median of 7.2%. ROIC of 10.5% represents solid returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.1% | 54.1% | 43.2% | 65.1% | 58.5% | 41.2% | 46.8% | 54.8% | 15.2% | 17.2% | 19.9% |
| Operating Margin | 43.1% | 43.1% | 31.9% | 58.6% | 50.9% | 33.7% | 36.7% | 48.3% | -5.0% | 2.4% | 8.4% |
| Net Profit Margin | 40.2% | 40.2% | 25.5% | 54.8% | 44.2% | 26.2% | 29.3% | 33.5% | -32.2% | -12.8% | -0.9% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.7% | 17.7% | 8.7% | 32.4% | 19.2% | 7.7% | 9.6% | 11.8% | -5.4% | -2.1% | -0.1% |
| ROA | 10.6% | 10.6% | 5.0% | 17.3% | 10.4% | 4.5% | 5.7% | 6.8% | -3.0% | -1.2% | -0.1% |
| ROIC | 10.5% | 10.5% | 5.7% | 16.0% | 10.3% | 4.9% | 5.7% | 7.6% | -0.4% | 0.2% | 0.6% |
| ROCE | 12.3% | 12.3% | 6.6% | 19.6% | 12.7% | 6.1% | 7.5% | 10.3% | -0.5% | 0.2% | 0.8% |
LPG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Dorian LPG Ltd. carries a Debt/EBITDA ratio of 2.5x, which is moderately leveraged (roughly in line with the sector average of 2.6x). Net debt stands at $382M ($709M total debt minus $327M cash). Interest coverage of 7.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.62 | 0.62 | 0.68 | 0.78 | 0.93 | 0.73 | 0.64 | 0.68 | 0.76 | 0.79 | 0.77 |
| Debt / EBITDA | 2.54 | 2.54 | 3.91 | 2.01 | 3.12 | 4.22 | 3.14 | 2.89 | 12.16 | 10.97 | 9.49 |
| Net Debt / Equity | — | 0.34 | 0.38 | 0.50 | 0.76 | 0.47 | 0.56 | 0.63 | 0.73 | 0.68 | 0.75 |
| Net Debt / EBITDA | 1.37 | 1.37 | 2.17 | 1.30 | 2.55 | 2.73 | 2.74 | 2.68 | 11.62 | 9.48 | 9.27 |
| Debt / FCF | — | 3.28 | 2.57 | 1.45 | 4.30 | 4.55 | 3.29 | 4.12 | 136.80 | 11.54 | 14.61 |
| Interest Coverage | 7.09 | 7.09 | 3.45 | 8.53 | 5.36 | 3.39 | 4.14 | 3.99 | -0.35 | 0.20 | 0.80 |
LPG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Dorian LPG Ltd.'s current ratio of 2.67x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 3.62x to 2.67x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.67 | 2.67 | 3.54 | 3.62 | 2.50 | 3.25 | 1.87 | 1.64 | 1.04 | 1.26 | 0.75 |
| Quick Ratio | 2.65 | 2.65 | 3.52 | 3.60 | 2.47 | 3.22 | 1.84 | 1.62 | 1.01 | 1.24 | 0.72 |
| Cash Ratio | 1.94 | 1.94 | 2.94 | 2.89 | 1.57 | 2.50 | 0.97 | 0.74 | 0.39 | 1.26 | 0.20 |
| Asset Turnover | — | 0.26 | 0.20 | 0.31 | 0.23 | 0.17 | 0.20 | 0.20 | 0.10 | 0.09 | 0.10 |
| Inventory Turnover | 90.52 | 90.52 | 79.98 | 81.67 | 61.20 | 71.14 | 83.80 | 75.57 | 63.47 | 65.51 | 51.97 |
| Days Sales Outstanding | — | 75.10 | 51.08 | 34.51 | 71.50 | 78.05 | 65.15 | 74.08 | 105.87 | 62.35 | 92.57 |
LPG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dorian LPG Ltd. returns 6.6% to shareholders annually — split between a 6.2% dividend yield and 0.4% buyback yield. A payout ratio of 54.2% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 11.5% (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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.2% | 7.2% | 16.6% | 10.4% | 27.5% | 13.7% | — | — | — | — | — |
| Payout Ratio | 54.2% | 54.2% | 173.4% | 52.8% | 127.9% | 111.3% | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.5% | 13.3% | 9.6% | 19.8% | 21.5% | 12.3% | 14.2% | 23.8% | — | — | — |
| FCF Yield | 6.9% | 8.0% | 16.4% | 22.9% | 19.4% | 16.3% | 24.6% | 31.6% | 1.4% | 14.0% | 9.9% |
| Buyback Yield | 0.4% | 0.5% | 0.7% | 0.3% | 0.2% | 3.7% | 19.3% | 10.7% | 0.4% | 0.3% | 2.6% |
| Total Shareholder Yield | 6.6% | 7.7% | 17.3% | 10.7% | 27.7% | 17.3% | 19.3% | 10.7% | 0.4% | 0.3% | 2.6% |
| Shares Outstanding | — | $43M | $42M | $40M | $40M | $40M | $50M | $54M | $55M | $54M | $48M |
Peer Comparison
Compare LPG 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 |
|---|---|---|---|---|---|---|---|---|---|
 LPGYou | $2B | 8.7 | 7.4 | 14.6 | 54.1% | 43.1% | 17.7% | 10.5% | 2.5 |
 NVGS | $1B | 14.8 | 7.7 | 21.5 | 30.1% | 23.9% | 8.0% | 5.7% | 3.3 |
 CLCO | $511M | 5.3 | 7.4 | — | 76.0% | 50.5% | 12.5% | 6.7% | 5.9 |
 STNG | $4B | 11.5 | 8.2 | 8.5 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 INSW | $4B | 13.6 | 9.9 | 109.7 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 TNK | $3B | 7.4 | 6.0 | 22.9 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 DHT | $3B | 14.4 | 12.3 | — | 38.2% | 34.2% | 19.4% | 8.9% | 1.6 |
 ET | $65B | 13.9 | 9.1 | 16.8 | 21.8% | 11.4% | 10.2% | 6.3% | 4.9 |
 EPD | $79B | 13.8 | 11.8 | 26.7 | 13.6% | 13.1% | 19.3% | 8.3% | 3.7 |
 TRGP | $56B | 30.3 | 14.7 | 95.0 | 26.5% | 20.1% | 48.4% | 13.2% | 3.5 |
 OLN | $3B | -59.5 | 9.0 | 10.1 | 7.4% | 1.7% | -2.1% | 1.7% | 5.3 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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LPG — Frequently Asked Questions
Quick answers to the most common questions about buying LPG stock.
What is Dorian LPG Ltd.'s P/E ratio?
Dorian LPG Ltd.'s current P/E ratio is 8.7x. The historical average is 8.9x. This places it at the 78th percentile of its historical range.
What is Dorian LPG Ltd.'s EV/EBITDA?
Dorian LPG Ltd.'s current EV/EBITDA is 7.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.5x.
What is Dorian LPG Ltd.'s ROE?
Dorian LPG Ltd.'s return on equity (ROE) is 17.7%. The historical average is 5.7%.
Is LPG stock overvalued?
Based on historical data, Dorian LPG Ltd. is trading at a P/E of 8.7x. This is at the 78th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Dorian LPG Ltd.'s dividend yield?
Dorian LPG Ltd.'s current dividend yield is 6.23% with a payout ratio of 54.2%.
What are Dorian LPG Ltd.'s profit margins?
Dorian LPG Ltd. has 54.1% gross margin and 43.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Dorian LPG Ltd. have?
Dorian LPG Ltd.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.