Latest Ratios: P/E Ratio 23.3x · EV/EBITDA 6.9x · ROE 2.0%. (2012–2025 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 | $45M | $29M | $41M | $52M | $61M | $19M | $21M | $24M | $21M | $59M | $48M |
| Enterprise Value | $97M | $81M | $105M | $79M | $124M | $95M | $78M | $86M | $88M | $129M | $123M |
| P/E Ratio → | 23.26 | 14.79 | 4.32 | 1.45 | 4.87 | — | — | — | — | — | — |
| P/S Ratio | 1.16 | 0.75 | 0.80 | 1.15 | 1.04 | 0.73 | 0.97 | 0.87 | 0.73 | 1.99 | 1.55 |
| P/B Ratio | 0.45 | 0.29 | 0.42 | 0.52 | 0.99 | 0.38 | 0.71 | 0.75 | 0.52 | 1.23 | 0.97 |
| P/FCF | 3.51 | 2.27 | — | — | 12.91 | — | — | 4.68 | — | 16.17 | 10.69 |
| P/OCF | 3.33 | 2.15 | 2.19 | 2.45 | 7.36 | — | — | 4.25 | — | 16.17 | 10.69 |
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 | — | 2.08 | 2.03 | 1.74 | 2.13 | 3.75 | 3.59 | 3.09 | 3.08 | 4.33 | 3.99 |
| EV / EBITDA | 6.88 | 5.75 | 4.43 | 1.65 | 5.22 | — | 32.50 | 14.83 | — | 39.22 | 40.88 |
| EV / EBIT | 16.38 | 13.68 | 5.58 | 1.86 | 6.97 | — | — | — | — | — | — |
| EV / FCF | — | 6.27 | — | — | 26.33 | — | — | 16.69 | — | 35.13 | 27.59 |
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 | 35.6% | 35.6% | 54.8% | 59.6% | 38.4% | -6.3% | 9.9% | 16.4% | 14.0% | 28.0% | 36.6% |
| Operating Margin | 15.2% | 15.2% | 32.4% | 92.1% | 29.7% | -33.6% | -10.5% | 0.8% | -28.2% | -7.9% | -9.8% |
| Net Profit Margin | 5.1% | 5.1% | 25.0% | 81.5% | 23.0% | -61.7% | -53.1% | -50.8% | -28.9% | -17.6% | -18.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.0% | 2.0% | 12.8% | 45.7% | 24.3% | -39.8% | -37.5% | -39.2% | -18.6% | -10.8% | -11.3% |
| ROA | 1.0% | 1.0% | 7.2% | 24.3% | 9.5% | -13.3% | -11.4% | -12.5% | -6.8% | -4.1% | -4.3% |
| ROIC | 2.8% | 2.8% | 8.6% | 24.9% | 10.4% | -6.0% | -1.9% | 0.2% | -5.3% | -1.5% | -1.7% |
| ROCE | 3.3% | 3.3% | 10.0% | 29.6% | 14.1% | -8.3% | -2.7% | 0.2% | -7.4% | -2.0% | -2.4% |
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 | 0.86 | 0.86 | 0.85 | 0.60 | 1.15 | 1.69 | 1.98 | 1.98 | 1.69 | 1.48 | 1.56 |
| Debt / EBITDA | 6.19 | 6.19 | 3.58 | 1.28 | 2.98 | — | 24.40 | 10.92 | — | 21.68 | 25.30 |
| Net Debt / Equity | — | 0.51 | 0.63 | 0.26 | 1.03 | 1.56 | 1.93 | 1.93 | 1.68 | 1.45 | 1.54 |
| Net Debt / EBITDA | 3.67 | 3.67 | 2.68 | 0.55 | 2.66 | — | 23.73 | 10.67 | — | 21.17 | 25.04 |
| Debt / FCF | — | 4.00 | — | — | 13.42 | — | — | 12.01 | — | 18.97 | 16.90 |
| Interest Coverage | 1.02 | 1.02 | 3.00 | 7.26 | 4.02 | -2.85 | -0.46 | -0.44 | -0.93 | -0.85 | -1.20 |
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 | 4.45 | 4.45 | 3.76 | 6.04 | 1.68 | 0.84 | 0.65 | 0.76 | 0.32 | 0.31 | 0.33 |
| Quick Ratio | 4.40 | 4.40 | 3.61 | 5.94 | 1.53 | 0.77 | 0.57 | 0.74 | 0.26 | 0.23 | 0.23 |
| Cash Ratio | 4.20 | 4.20 | 3.12 | 5.41 | 0.60 | 0.27 | 0.20 | 0.06 | 0.04 | 0.14 | 0.06 |
| Asset Turnover | — | 0.20 | 0.27 | 0.27 | 0.42 | 0.18 | 0.23 | 0.26 | 0.24 | 0.24 | 0.23 |
| Inventory Turnover | 46.86 | 46.86 | 12.32 | 19.19 | 18.81 | 17.19 | 28.73 | 46.30 | 30.34 | 21.13 | 16.61 |
| Days Sales Outstanding | — | 18.79 | 37.43 | 41.41 | 69.30 | 24.72 | 49.95 | 16.35 | 33.16 | 8.60 | 19.98 |
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 | — | — | 18.1% | 1.5% | 1.4% | 2.9% | 0.3% | — | — | — | — |
| Payout Ratio | — | — | 58.2% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 6.8% | 23.2% | 69.1% | 20.5% | — | — | — | — | — | — |
| FCF Yield | 28.5% | 44.1% | — | — | 7.7% | — | — | 21.4% | — | 6.2% | 9.4% |
| Buyback Yield | 1.0% | 1.6% | 3.6% | 2.4% | 0.0% | 0.0% | 20.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.0% | 1.6% | 21.7% | 3.9% | 1.4% | 2.9% | 20.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $10M | $11M | $13M | $13M | $10M | $6M | $5M | $5M | $5M | $5M |
Sub-scale fleet concentration
Based on current market data, PXS trades at a P/B of 0.45, which suggests that investors are pricing the company as a liquidating asset play rather than a going concern, a significant discount compared to larger, more liquid peers like Scorpio Tankers or Torm.
The P/E ratio of 23.26 appears elevated relative to the company's contracting revenue, implying that the market is not valuing the firm on earnings power but rather on the underlying net asset value of its fleet. This valuation gap warrants further investigation into whether the current cash-heavy balance sheet provides a floor for the stock price or if the lack of growth prospects will continue to compress multiples.
As reported in financial statements, ROIC has struggled to maintain positive momentum, fluctuating between -0.4% and 3.6% over the last ten quarters, which indicates that the company's small fleet size limits its ability to generate meaningful returns on invested capital compared to industry leaders.
The volatility in ROIC appears driven by the lumpy nature of vessel disposals and the high fixed-cost burden of operating a boutique fleet. Investors should monitor whether management can improve these returns through more efficient capital deployment or if the current structure is structurally incapable of compounding capital effectively.
According to quarterly data, the cash conversion cycle has shown extreme volatility, swinging from a high of 51 days in 2024Q4 to a negative 2 days in 2025Q4, reflecting the inconsistent timing of voyage-related cash flows and the impact of the company's limited operational scale.
The wide swings in DSO and DPO suggest that Pyxis lacks the bargaining power to standardize its working capital cycle, leaving it vulnerable to timing mismatches. This inefficiency appears to be a structural byproduct of operating a small fleet that cannot leverage economies of scale in its customer or supplier relationships.
Based on the most recent quarterly filings, the company maintains a current ratio of 4.45 and a quick ratio of 4.40, providing a substantial liquidity buffer that appears to be the primary defensive feature of the firm's current financial profile.
While this liquidity position is robust, it may be misleading if the company does not have a clear strategy to deploy these funds into revenue-generating assets. The high cash-to-revenue ratio suggests that the firm is currently functioning more as a cash-rich holding company than an active, growth-oriented shipping operator.
The P/E ratio is frequently misapplied to Pyxis Tankers, as it obscures the company's true value by failing to account for the significant cash reserves and the cyclical, non-recurring nature of vessel sales that often distort net income figures in the maritime shipping sector.
Investors should instead focus on the Price-to-NAV ratio, as it better captures the value of the physical fleet and cash on hand, which are the primary drivers of the company's worth. Relying on P/E in this context may lead to an incorrect assessment of the firm's valuation, as it ignores the underlying asset-heavy reality of the business model.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying PXS stock.
Pyxis Tankers Inc.'s current P/E ratio is 23.3x. The historical average is 6.4x. This places it at the 100th percentile of its historical range.
Pyxis Tankers Inc.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.0x.
Pyxis Tankers Inc.'s return on equity (ROE) is 2.0%. The historical average is -6.8%.
Based on historical data, Pyxis Tankers Inc. is trading at a P/E of 23.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Pyxis Tankers Inc. has 35.6% gross margin and 15.2% operating margin. Operating margin between 10-20% is typical for established companies.
Pyxis Tankers Inc.'s Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.