SFL Corporation Ltd. (SFL) Financial Ratios
25 years of historical data (2001–2025) · Industrials · Marine Shipping
EV/EBITDA
↑
10.52
↑+25% vs avg
5yr avg: 8.39
30Y Low7.4·High18.4
P/FCF
↓
7.20
↓-37% vs avg
5yr avg: 11.44
30Y Low4.4·High50.8
P/B Ratio
↓
1.65
↑+39% vs avg
5yr avg: 1.19
30Y Low0.9·High3.3
ROE
↓
-2.5%
↑-123% vs avg
5yr avg: 11.1%
30Y Low-24%·High51%
Debt/EBITDA
↑
6.75
+14% vs avg
5yr avg: 5.94
30Y Low2.8·High11.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SFL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SFL Corporation Ltd. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 7.2x P/FCF, 37% below the 5-year average of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $1.0B | $1.3B | $1.4B | $1.3B | $1.1B | $684M | $1.6B | $1.1B | $1.5B | $1.4B |
| Enterprise Value | $4.0B | $3.5B | $4.0B | $3.8B | $3.8B | $3.4B | $2.7B | $4.1B | $3.5B | $2.8B | $3.0B |
| P/E Ratio → | -59.55 | — | 10.12 | 17.09 | 9.71 | 14.82 | — | — | 15.04 | 14.62 | 9.46 |
| P/S Ratio | 2.20 | 1.44 | 1.49 | 1.93 | 1.93 | 2.30 | 1.71 | 3.43 | 2.66 | 3.89 | 3.36 |
| P/B Ratio | 1.65 | 1.08 | 1.18 | 1.37 | 1.16 | 1.16 | 0.86 | 1.42 | 0.94 | 1.24 | 1.22 |
| P/FCF | 7.20 | 4.73 | — | 18.15 | — | — | 4.37 | — | — | 15.41 | 33.11 |
| P/OCF | 5.45 | 3.58 | 3.59 | 4.16 | 3.57 | 3.87 | 2.48 | 6.27 | 5.55 | 8.33 | 6.03 |
P/E links to full P/E history page with 30-year chart
SFL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
SFL Corporation Ltd.'s enterprise value stands at 10.5x EBITDA, 25% above its 5-year average of 8.4x. The Industrials sector median is 13.8x, placing the stock at a 24% 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 | — | 4.80 | 4.52 | 5.19 | 5.72 | 6.88 | 6.79 | 8.98 | 8.39 | 7.44 | 7.27 |
| EV / EBITDA | 10.52 | 9.09 | 7.39 | 8.43 | 8.10 | 8.93 | — | 16.12 | 15.85 | 11.67 | 11.44 |
| EV / EBIT | 29.25 | 19.42 | 12.57 | 15.18 | 11.72 | 13.36 | — | 20.71 | 19.81 | 14.78 | 13.75 |
| EV / FCF | — | 15.73 | — | 48.66 | — | — | 17.37 | — | — | 29.47 | 71.58 |
SFL Profitability
Margins and return-on-capital ratios measuring operating efficiency
SFL Corporation Ltd. earns an operating margin of 19.0%, above the Industrials sector average of 4.9%. Operating margins have compressed from 32.5% to 19.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -2.5% indicates the company is currently destroying shareholder equity. ROIC of 2.8% represents below-average returns on invested capital versus a sector median of 6.3%.
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 | 58.1% | 58.1% | 34.7% | 31.2% | 40.1% | 40.4% | 33.3% | 70.5% | 44.4% | 42.3% | 44.2% |
| Operating Margin | 19.0% | 19.0% | 34.4% | 32.5% | 42.0% | 49.1% | -34.5% | 30.2% | 28.1% | 40.6% | 40.7% |
| Net Profit Margin | -3.7% | -3.7% | 14.7% | 11.4% | 30.9% | 33.2% | -56.0% | 19.6% | 17.6% | 26.6% | 35.5% |
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 | -2.5% | -2.5% | 12.1% | 7.9% | 19.6% | 18.5% | -23.6% | 7.8% | 6.2% | 8.7% | 12.3% |
| ROA | -0.7% | -0.7% | 3.3% | 2.2% | 5.5% | 5.0% | -6.4% | 2.3% | 2.1% | 3.4% | 4.9% |
| ROIC | 2.8% | 2.8% | 6.3% | 5.1% | 6.1% | 6.0% | -3.2% | 2.9% | 2.9% | 4.4% | 4.5% |
| ROCE | 4.4% | 4.4% | 10.2% | 8.6% | 9.4% | 8.7% | -4.6% | 3.9% | 3.8% | 5.8% | 6.1% |
SFL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
SFL Corporation Ltd. carries a Debt/EBITDA ratio of 6.8x, which is highly leveraged (111% above the sector average of 3.2x). Net debt stands at $2.4B ($2.6B total debt minus $151M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.67 | 2.67 | 2.52 | 2.47 | 2.45 | 2.46 | 2.83 | 2.47 | 2.21 | 1.26 | 1.48 |
| Debt / EBITDA | 6.75 | 6.75 | 5.20 | 5.65 | 5.77 | 6.33 | — | 10.74 | 11.77 | 6.20 | 6.38 |
| Net Debt / Equity | — | 2.51 | 2.40 | 2.31 | 2.28 | 2.31 | 2.55 | 2.29 | 2.03 | 1.13 | 1.42 |
| Net Debt / EBITDA | 6.35 | 6.35 | 4.95 | 5.28 | 5.37 | 5.95 | — | 9.96 | 10.82 | 5.56 | 6.15 |
| Debt / FCF | — | 11.00 | — | 30.51 | — | — | 12.99 | — | — | 14.05 | 38.47 |
| Interest Coverage | — | — | 1.68 | 1.46 | 2.35 | 2.69 | -1.02 | 0.95 | 1.03 | 1.71 | 2.34 |
SFL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.36x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.31x to 0.36x 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 | 0.36 | 0.36 | 0.38 | 0.31 | 0.28 | 0.63 | 0.62 | 1.07 | 1.02 | 0.92 | 1.17 |
| Quick Ratio | 0.36 | 0.36 | 0.36 | 0.30 | 0.27 | 0.60 | 0.60 | 1.05 | 1.00 | 0.91 | 1.14 |
| Cash Ratio | 0.22 | 0.22 | 0.17 | 0.18 | 0.19 | 0.42 | 0.41 | 0.63 | 0.74 | 0.72 | 0.76 |
| Asset Turnover | — | 0.20 | 0.22 | 0.20 | 0.17 | 0.14 | 0.13 | 0.12 | 0.11 | 0.13 | 0.14 |
| Inventory Turnover | 33.50 | — | 33.50 | 43.30 | 23.97 | 29.14 | 30.30 | 16.94 | 27.22 | 42.91 | 45.31 |
| Days Sales Outstanding | — | 3.52 | 61.23 | 51.79 | 46.21 | 47.97 | 13.11 | 21.60 | 50.92 | 9.22 | 17.38 |
SFL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SFL Corporation Ltd. returns 8.5% to shareholders annually — split between a 7.9% dividend yield and 0.6% buyback yield.
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 | 7.9% | 12.0% | 10.4% | 8.6% | 8.8% | 6.8% | 16.0% | 9.6% | 13.4% | 10.3% | 12.1% |
| Payout Ratio | — | — | 106.0% | 146.5% | 55.0% | 47.2% | — | 168.9% | 202.7% | 151.1% | 114.9% |
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 | — | — | 9.9% | 5.9% | 10.3% | 6.7% | — | — | 6.6% | 6.8% | 10.6% |
| FCF Yield | 13.9% | 21.1% | — | 5.5% | — | — | 22.9% | — | — | 6.5% | 3.0% |
| Buyback Yield | 0.6% | 1.0% | 10.0% | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 8.5% | 13.0% | 20.4% | 9.3% | 8.8% | 6.8% | 16.0% | 9.6% | 13.4% | 10.3% | 12.1% |
| Shares Outstanding | — | $133M | $130M | $127M | $137M | $139M | $109M | $108M | $106M | $96M | $93M |
Peer Comparison
Compare SFL 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 |
|---|---|---|---|---|---|---|---|---|---|
 SFLYou | $2B | -59.5 | 10.5 | 7.2 | 58.1% | 19.0% | -2.5% | 2.8% | 6.8 |
 KNOP | $377M | 52.8 | 6.6 | 2.8 | 64.1% | 23.3% | 2.3% | 3.7% | 4.9 |
 TK | $1B | 9.9 | 1.2 | 3.0 | 32.3% | 29.9% | 7.2% | 19.1% | 0.1 |
 TNK | $3B | 8.0 | 6.8 | 25.1 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 INSW | $4B | 14.5 | 10.5 | 117.1 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 NAT | $1B | 26.6 | 11.0 | 9.9 | 30.3% | 22.1% | 8.9% | 7.5% | 2.0 |
 SBLK | $3B | 36.7 | 11.9 | 14.7 | 22.5% | 13.5% | 3.4% | 3.2% | 3.5 |
 GSL | $1B | 3.6 | 3.5 | 4.1 | 53.6% | 50.7% | 25.5% | 14.0% | 1.3 |
 DAC | $2B | 4.9 | 3.6 | 7.5 | 60.1% | 47.8% | 13.7% | 9.8% | 1.6 |
 MATX | $5B | 13.0 | 7.6 | 35.6 | 22.8% | 14.0% | 16.4% | 10.8% | 0.9 |
 ZIM | $3B | 6.6 | 3.7 | 2.0 | 16.8% | 12.2% | 11.9% | 7.3% | 2.7 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 25 years · Updated daily
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Side-by-side business, growth, and profitability comparison vs KNOT Offshore Partners LP.
Start ComparisonSFL — Frequently Asked Questions
Quick answers to the most common questions about buying SFL stock.
What is SFL Corporation Ltd.'s P/E ratio?
SFL Corporation Ltd.'s current P/E ratio is -59.5x. The historical average is 10.1x.
What is SFL Corporation Ltd.'s EV/EBITDA?
SFL Corporation Ltd.'s current EV/EBITDA is 10.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
What is SFL Corporation Ltd.'s ROE?
SFL Corporation Ltd.'s return on equity (ROE) is -2.5%. The historical average is 18.0%.
Is SFL stock overvalued?
Based on historical data, SFL Corporation Ltd. is trading at a P/E of -59.5x. Compare with industry peers and growth rates for a complete picture.
What is SFL Corporation Ltd.'s dividend yield?
SFL Corporation Ltd.'s current dividend yield is 7.89%.
What are SFL Corporation Ltd.'s profit margins?
SFL Corporation Ltd. has 58.1% gross margin and 19.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does SFL Corporation Ltd. have?
SFL Corporation Ltd.'s Debt/EBITDA ratio is 6.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.