Pangaea Logistics Solutions, Ltd. (PANL) Financial Ratios
14 years of historical data (2012–2025) · Industrials · Marine Shipping
EV/EBITDA
↑
9.59
↑+58% vs avg
5yr avg: 6.06
30Y Low3.0·High24.7
P/FCF
↑
10.63
↑+23% vs avg
5yr avg: 8.64
30Y Low2.4·High14.1
P/B Ratio
↑
1.05
↑+43% vs avg
5yr avg: 0.73
30Y Low0.5·High1.1
ROE
↓
4.1%
↑-70% vs avg
5yr avg: 13.4%
30Y Low-11%·High25%
Debt/EBITDA
↑
4.63
↑+25% vs avg
5yr avg: 3.69
30Y Low2.2·High18.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PANL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Pangaea Logistics Solutions, Ltd. trades at 25.6x earnings, 151% above its 5-year average of 10.2x, sitting at the 92nd percentile of its historical range. This is roughly in line with the Industrials sector median P/E of 25.8x. On a free-cash-flow basis, the stock trades at 10.6x P/FCF, 23% above the 5-year average of 8.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $502M | $445M | $247M | $375M | $232M | $170M | $121M | $128M | $130M | $143M | $120M |
| Enterprise Value | $772M | $714M | $557M | $540M | $403M | $420M | $234M | $254M | $245M | $279M | $241M |
| P/E Ratio → | 25.60 | 22.93 | 8.51 | 14.21 | 2.93 | 2.52 | 10.65 | 61.84 | 7.21 | 18.40 | 16.19 |
| P/S Ratio | 0.79 | 0.70 | 0.46 | 0.75 | 0.33 | 0.24 | 0.32 | 0.31 | 0.35 | 0.37 | 0.51 |
| P/B Ratio | 1.05 | 0.94 | 0.52 | 1.01 | 0.63 | 0.56 | 0.52 | 0.53 | 0.56 | 0.68 | 0.68 |
| P/FCF | 10.63 | 9.42 | — | 14.13 | 2.36 | — | 6.78 | — | 5.74 | — | 13.43 |
| P/OCF | 9.35 | 8.29 | 3.76 | 6.97 | 1.72 | 2.75 | 5.83 | 2.87 | 3.23 | 4.90 | 6.26 |
P/E links to full P/E history page with 30-year chart
PANL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Pangaea Logistics Solutions, Ltd.'s enterprise value stands at 9.6x EBITDA, 58% above its 5-year average of 6.1x. The Industrials sector median is 13.7x, placing the stock at a 30% discount 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 | — | 1.13 | 1.04 | 1.08 | 0.58 | 0.59 | 0.61 | 0.62 | 0.66 | 0.72 | 1.01 |
| EV / EBITDA | 9.59 | 8.88 | 7.07 | 7.23 | 2.99 | 4.13 | 6.37 | 6.08 | 4.57 | 8.82 | 8.93 |
| EV / EBIT | 20.33 | 18.83 | 10.73 | 11.74 | 3.74 | 5.01 | 11.41 | 9.65 | 7.47 | 16.07 | 16.19 |
| EV / FCF | — | 15.12 | — | 20.36 | 4.10 | — | 13.07 | — | 10.86 | — | 26.92 |
PANL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Pangaea Logistics Solutions, Ltd. earns an operating margin of 6.0%, roughly in line with the Industrials sector average. Operating margins have compressed from 8.9% to 6.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.1% is modest, trailing the sector median of 8.2%. ROIC of 3.7% represents below-average returns on invested capital versus a sector median of 6.1%.
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 | 10.9% | 10.9% | 13.6% | 13.8% | 18.4% | 13.6% | 10.0% | 12.1% | 14.3% | 10.5% | 10.8% |
| Operating Margin | 6.0% | 6.0% | 9.0% | 8.9% | 15.1% | 11.0% | 5.1% | 5.6% | 9.7% | 4.2% | 5.4% |
| Net Profit Margin | 3.1% | 3.1% | 5.4% | 5.3% | 11.4% | 9.4% | 3.0% | 2.8% | 4.8% | 2.0% | 3.1% |
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 | 4.1% | 4.1% | 6.8% | 7.1% | 23.7% | 25.1% | 4.8% | 4.9% | 8.0% | 4.0% | 4.4% |
| ROA | 2.1% | 2.1% | 3.5% | 3.6% | 10.9% | 11.6% | 2.4% | 2.5% | 4.1% | 2.0% | 2.0% |
| ROIC | 3.7% | 3.7% | 5.5% | 6.2% | 14.5% | 13.2% | 4.1% | 4.9% | 7.8% | 3.7% | 3.3% |
| ROCE | 4.7% | 4.7% | 6.8% | 7.1% | 16.9% | 16.9% | 5.4% | 6.1% | 9.9% | 5.0% | 4.5% |
PANL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Pangaea Logistics Solutions, Ltd. carries a Debt/EBITDA ratio of 4.6x, which is highly leveraged (43% above the sector average of 3.2x). Net debt stands at $269M ($372M total debt minus $103M cash). Interest coverage of just 1.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.78 | 0.78 | 0.84 | 0.71 | 0.81 | 1.02 | 0.68 | 0.73 | 0.73 | 0.81 | 0.81 |
| Debt / EBITDA | 4.63 | 4.63 | 5.04 | 3.54 | 2.22 | 3.01 | 4.34 | 4.24 | 3.16 | 5.39 | 5.31 |
| Net Debt / Equity | — | 0.57 | 0.65 | 0.45 | 0.46 | 0.83 | 0.48 | 0.52 | 0.50 | 0.65 | 0.68 |
| Net Debt / EBITDA | 3.35 | 3.35 | 3.94 | 2.21 | 1.27 | 2.46 | 3.07 | 3.03 | 2.16 | 4.29 | 4.48 |
| Debt / FCF | — | 5.70 | — | 6.24 | 1.74 | — | 6.29 | — | 5.13 | — | 13.50 |
| Interest Coverage | 1.58 | 1.58 | 2.57 | 2.63 | 4.81 | 7.29 | 2.62 | 2.84 | 3.70 | 2.10 | 2.60 |
PANL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.69x means Pangaea Logistics Solutions, Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.82x to 1.69x 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 | 1.69 | 1.69 | 1.76 | 1.82 | 2.41 | 1.65 | 1.00 | 1.41 | 1.44 | 1.19 | 0.88 |
| Quick Ratio | 1.46 | 1.46 | 1.46 | 1.66 | 2.10 | 1.40 | 0.86 | 1.18 | 1.19 | 0.97 | 0.71 |
| Cash Ratio | 0.80 | 0.80 | 0.80 | 0.94 | 1.39 | 0.50 | 0.42 | 0.56 | 0.68 | 0.49 | 0.29 |
| Asset Turnover | — | 0.68 | 0.57 | 0.71 | 0.94 | 1.02 | 0.85 | 0.86 | 0.82 | 0.91 | 0.66 |
| Inventory Turnover | 19.83 | 19.83 | 14.11 | 25.98 | 19.61 | 22.85 | 21.59 | 17.25 | 16.62 | 22.50 | 16.08 |
| Days Sales Outstanding | — | 32.26 | 33.83 | 39.24 | 23.20 | 36.22 | 34.29 | 30.79 | 27.87 | 19.94 | 24.52 |
PANL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Pangaea Logistics Solutions, Ltd. returns 3.9% to shareholders annually — split between a 3.3% dividend yield and 0.6% buyback yield. The payout ratio of 84.2% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 3.9% (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 | 3.3% | 3.7% | 7.6% | 4.8% | 5.8% | 3.3% | 0.4% | 6.3% | 1.8% | 0.7% | 0.1% |
| Payout Ratio | 84.2% | 84.2% | 64.7% | 68.8% | 16.9% | 8.2% | 4.7% | 69.4% | 12.8% | 12.8% | 1.3% |
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 | 3.9% | 4.4% | 11.8% | 7.0% | 34.2% | 39.7% | 9.4% | 1.6% | 13.9% | 5.4% | 6.2% |
| FCF Yield | 9.4% | 10.6% | — | 7.1% | 42.4% | — | 14.8% | — | 17.4% | — | 7.4% |
| Buyback Yield | 0.6% | 0.7% | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.9% | 4.3% | 7.6% | 4.8% | 5.8% | 3.4% | 0.6% | 6.5% | 1.8% | 0.7% | 0.1% |
| Shares Outstanding | — | $65M | $46M | $45M | $45M | $45M | $44M | $43M | $43M | $39M | $35M |
Peer Comparison
Compare PANL 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 |
|---|---|---|---|---|---|---|---|---|---|
 PANLYou | $502M | 25.6 | 9.6 | 10.6 | 10.9% | 6.0% | 4.1% | 3.7% | 4.6 |
 SBLK | $3B | 37.2 | 11.9 | 14.7 | 22.5% | 13.5% | 3.4% | 3.2% | 3.5 |
 GNK | $1B | -240.6 | 13.8 | — | 13.4% | 2.7% | -0.5% | 0.7% | 2.3 |
 NMM | $2B | 7.9 | 5.6 | — | 64.5% | 29.1% | 8.9% | 6.1% | 3.2 |
 SB | $705M | 23.0 | 8.5 | 11.7 | 35.9% | 25.1% | 4.6% | 4.1% | 4.2 |
 DSX | $295M | 21.7 | 9.9 | 6.7 | 56.6% | 19.8% | 3.5% | 3.1% | 7.8 |
 CMRE | $2B | 5.8 | 5.0 | 4.2 | 57.3% | 51.7% | 15.4% | 9.3% | 2.5 |
 DAC | $2B | 4.9 | 3.6 | 7.4 | 80.0% | 47.8% | 13.7% | 9.8% | 1.6 |
 GSL | $1B | 3.5 | 3.4 | 4.0 | 53.6% | 50.7% | 25.5% | 14.0% | 1.3 |
 MATX | $6B | 14.6 | 8.5 | 40.0 | 22.8% | 14.0% | 16.4% | 10.8% | 0.9 |
 ESEA | $505M | 3.6 | 3.4 | 7.9 | 63.5% | 57.0% | 33.1% | 19.5% | 1.4 |
| Industrials Median | — | 25.8 | 13.7 | 20.3 | 31.8% | 4.3% | 8.2% | 6.1% | 3.2 |
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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Run the NumbersIs PANL Undervalued Right Now?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
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Compare NowPANL — Frequently Asked Questions
Quick answers to the most common questions about buying PANL stock.
What is Pangaea Logistics Solutions, Ltd.'s P/E ratio?
Pangaea Logistics Solutions, Ltd.'s current P/E ratio is 25.6x. The historical average is 15.2x. This places it at the 92th percentile of its historical range.
What is Pangaea Logistics Solutions, Ltd.'s EV/EBITDA?
Pangaea Logistics Solutions, Ltd.'s current EV/EBITDA is 9.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.0x.
What is Pangaea Logistics Solutions, Ltd.'s ROE?
Pangaea Logistics Solutions, Ltd.'s return on equity (ROE) is 4.1%. The historical average is 7.3%.
Is PANL stock overvalued?
Based on historical data, Pangaea Logistics Solutions, Ltd. is trading at a P/E of 25.6x. 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 Pangaea Logistics Solutions, Ltd.'s dividend yield?
Pangaea Logistics Solutions, Ltd.'s current dividend yield is 3.28% with a payout ratio of 84.2%.
What are Pangaea Logistics Solutions, Ltd.'s profit margins?
Pangaea Logistics Solutions, Ltd. has 10.9% gross margin and 6.0% operating margin.
How much debt does Pangaea Logistics Solutions, Ltd. have?
Pangaea Logistics Solutions, Ltd.'s Debt/EBITDA ratio is 4.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.