Latest Ratios: P/E Ratio 11.6x · EV/EBITDA 8.0x · ROE 11.4%. (2007–2025 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 | $4.0B | $2.5B | $2.5B | $3.3B | $3.4B | $701M | $631M | $2.0B | $613M | $657M | $730M |
| Enterprise Value | $3.9B | $2.4B | $3.1B | $4.5B | $5.0B | $3.6B | $3.5B | $4.9B | $2.9B | $3.2B | $2.5B |
| P/E Ratio → | 11.56 | 7.23 | 3.78 | 6.06 | 5.20 | — | 6.70 | — | — | — | — |
| P/S Ratio | 4.31 | 2.65 | 2.03 | 2.47 | 2.19 | 1.30 | 0.69 | 2.78 | 1.05 | 1.28 | 1.40 |
| P/B Ratio | 1.24 | 0.78 | 0.88 | 1.30 | 1.36 | 0.38 | 0.31 | 0.99 | 0.33 | 0.39 | 0.55 |
| P/FCF | 9.70 | 5.97 | 3.45 | 3.94 | 4.65 | 26.76 | 2.58 | 772.51 | 121.30 | — | 14.13 |
| P/OCF | 8.23 | 5.07 | 3.06 | 3.83 | 4.44 | 9.56 | 1.50 | 9.36 | 10.61 | 15.71 | 4.09 |
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 | — | 2.51 | 2.46 | 3.39 | 3.18 | 6.63 | 3.81 | 6.93 | 5.01 | 6.31 | 4.81 |
| EV / EBITDA | 7.98 | 4.81 | 3.22 | 5.01 | 4.95 | 23.96 | 7.11 | 14.49 | 15.64 | 33.56 | 12.68 |
| EV / EBIT | 12.63 | 5.72 | 4.02 | 6.44 | 5.84 | — | 13.32 | 37.77 | 270.91 | — | 49.74 |
| EV / FCF | — | 5.65 | 4.18 | 5.40 | 6.76 | 136.94 | 14.26 | 1922.63 | 579.77 | — | 48.63 |
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 | 46.2% | 46.2% | 57.0% | 60.4% | 60.1% | -7.0% | 35.9% | 27.3% | 10.8% | 11.0% | 25.6% |
| Operating Margin | 33.0% | 33.0% | 61.5% | 52.6% | 51.0% | -16.7% | 26.8% | 18.5% | 1.8% | -8.8% | 14.7% |
| Net Profit Margin | 36.7% | 36.7% | 53.8% | 40.8% | 40.8% | -43.4% | 10.3% | -6.9% | -32.5% | -30.9% | -4.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.4% | 11.4% | 24.7% | 21.6% | 29.3% | -12.0% | 4.7% | -2.5% | -10.8% | -10.5% | -1.8% |
| ROA | 8.9% | 8.9% | 16.6% | 12.4% | 13.3% | -4.6% | 1.8% | -1.0% | -4.1% | -4.1% | -0.7% |
| ROIC | 7.2% | 7.2% | 16.0% | 13.5% | 13.6% | -1.4% | 3.7% | 2.2% | 0.2% | -0.9% | 1.8% |
| ROCE | 8.4% | 8.4% | 20.9% | 18.1% | 18.6% | -2.0% | 5.2% | 2.9% | 0.2% | -1.3% | 2.5% |
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 | 0.19 | 0.19 | 0.30 | 0.62 | 0.77 | 1.70 | 1.48 | 1.58 | 1.58 | 1.64 | 1.43 |
| Debt / EBITDA | 1.26 | 1.26 | 0.91 | 1.75 | 1.92 | 20.82 | 6.21 | 9.27 | 15.54 | 28.68 | 9.50 |
| Net Debt / Equity | — | -0.04 | 0.18 | 0.48 | 0.62 | 1.57 | 1.38 | 1.48 | 1.26 | 1.53 | 1.36 |
| Net Debt / EBITDA | -0.27 | -0.27 | 0.56 | 1.36 | 1.55 | 19.28 | 5.82 | 8.67 | 12.37 | 26.75 | 8.99 |
| Debt / FCF | — | -0.32 | 0.72 | 1.46 | 2.12 | 110.19 | 11.68 | 1150.12 | 458.47 | — | 34.50 |
| Interest Coverage | 5.14 | 5.14 | 7.53 | 4.24 | 5.38 | -0.67 | 1.69 | 0.69 | 0.06 | -0.50 | 0.49 |
Net cash position: cash ($752M) exceeds total debt ($619M)
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 | 9.33 | 9.33 | 2.43 | 1.13 | 1.45 | 0.55 | 0.60 | 0.62 | 1.54 | 1.34 | 0.41 |
| Quick Ratio | 9.23 | 9.23 | 2.39 | 1.12 | 1.42 | 0.53 | 0.57 | 0.61 | 1.52 | 1.29 | 0.39 |
| Cash Ratio | 6.33 | 6.33 | 1.71 | 0.70 | 0.80 | 0.44 | 0.46 | 0.42 | 1.33 | 0.89 | 0.26 |
| Asset Turnover | — | 0.24 | 0.32 | 0.32 | 0.34 | 0.11 | 0.18 | 0.14 | 0.12 | 0.11 | 0.16 |
| Inventory Turnover | 42.38 | 42.38 | 52.57 | 67.98 | 39.90 | 65.89 | 63.44 | 59.22 | 62.89 | 46.96 | 63.54 |
| Days Sales Outstanding | — | 70.34 | 44.07 | 55.38 | 64.62 | 25.69 | 13.16 | 40.51 | 43.50 | 46.60 | 29.56 |
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 | 2.1% | 3.3% | 3.3% | 1.7% | 0.7% | 3.3% | 3.7% | 1.1% | 2.5% | 1.5% | 11.9% |
| Payout Ratio | 24.0% | 24.0% | 12.5% | 10.5% | 3.7% | — | 24.8% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.7% | 13.8% | 26.5% | 16.5% | 19.2% | — | 14.9% | — | — | — | — |
| FCF Yield | 10.3% | 16.8% | 28.9% | 25.4% | 21.5% | 3.7% | 38.8% | 0.1% | 0.8% | — | 7.1% |
| Buyback Yield | 0.0% | 0.0% | 13.3% | 14.8% | 4.7% | 0.0% | 2.1% | 0.0% | 3.8% | 6.0% | 2.3% |
| Total Shareholder Yield | 2.1% | 3.3% | 16.6% | 16.5% | 5.4% | 3.3% | 5.8% | 1.1% | 6.3% | 7.5% | 14.2% |
| Shares Outstanding | — | $49M | $51M | $55M | $64M | $55M | $56M | $50M | $35M | $22M | $16M |
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying STNG stock.
Scorpio Tankers Inc.'s current P/E ratio is 11.6x. The historical average is 21.5x. This places it at the 75th percentile of its historical range.
Scorpio Tankers Inc.'s current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.9x.
Scorpio Tankers Inc.'s return on equity (ROE) is 11.4%. The historical average is 7.5%.
Based on historical data, Scorpio Tankers Inc. is trading at a P/E of 11.6x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Scorpio Tankers Inc.'s current dividend yield is 2.07% with a payout ratio of 24.0%.
Scorpio Tankers Inc. has 46.2% gross margin and 33.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Scorpio Tankers Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Cyclical Rate Dependency
Valuation Discount to Earnings Power
Scorpio Tankers trades at a forward P/E of 6.93 and EV/EBITDA of 3.89, a significant discount to its own historical multiples and peers like TORM (P/E 11.08), suggesting the market is pricing in a rapid normalization of the current earnings surge.
The current PEG ratio of 0.34 implies the market does not believe the recent earnings acceleration is sustainable. This valuation discount appears to be a direct reflection of the cyclical nature of product tanker rates, where the market is pricing the company based on trough earnings rather than the current peak. Investors should monitor whether this discount persists as a structural feature or narrows if rate strength proves more durable.
Peak Margins Mask Cyclical Volatility
Gross margins have expanded to 71.1% in Q2 2026 from a low of 41.6% in Q1 2025, a dramatic swing that underscores the extreme operating leverage inherent in the shipping business model during favorable rate environments.
The current net margin of 94.8% is inflated by substantial non-operating gains, as noted in prior analysis, and is not representative of core operational earning power. The more sustainable operating margin of 59.7% still represents a cyclical peak, and its sustainability is entirely dependent on the continuation of elevated product tanker rates. This margin profile is highly sensitive to even modest declines in charter rates.
ROIC Surge Driven by Cyclical Upswing
Return on invested capital has surged to 6.6% in Q2 2026 from a trough of 1.3% in Q1 2025, indicating the business is generating meaningfully higher returns on its capital base during the current rate cycle.
The improvement in ROIC is primarily driven by a sharp expansion in operating margins rather than a significant increase in asset turnover, which remains low at 0.09. This suggests the return improvement is cyclical and rate-driven, not a structural enhancement in capital efficiency. The current ROIC level is still below the 9.4% achieved by peer International Seaways, indicating potential for further improvement if rates hold, but also highlighting the cyclical ceiling.
Minimal Leverage Amplifies Equity Returns
The debt-to-equity ratio has fallen to a minimal 0.20 in Q2 2026 from 0.50 in Q1 2024, a strategic deleveraging that has significantly reduced financial risk and amplified the return on equity during the earnings recovery.
With interest coverage at a robust 11.73x, debt service is exceptionally comfortable, and the balance sheet appears fortress-like. This low leverage profile provides substantial financial flexibility for fleet renewal, shareholder returns, or acquisitions. However, it also means the company is not using financial leverage to boost returns, so the current high ROE is purely a function of strong operational profitability.
Working Capital Efficiency Improves with Rates
The cash conversion cycle has shortened to 33 days in Q2 2026 from a peak of 58 days in Q3 2024, driven by a significant reduction in days sales outstanding (DSO) to 52 days, suggesting improved collection efficiency in a strong freight market.
The improvement in DSO from 72 days in Q4 2024 to 52 days in Q2 2026 indicates stronger customer payment terms or a shift in the charterer mix. However, the overall asset turnover remains very low at 0.09, which is characteristic of the capital-intensive shipping industry. The efficiency gains are welcome but do not fundamentally alter the asset-heavy nature of the business.
The P/E Trap in Cyclical Shipping
The P/E ratio is the most commonly misapplied metric to Scorpio Tankers, as it appears low at 11.22 but is based on peak cyclical earnings that are unlikely to be sustained, obscuring the true valuation risk.
Investors often mistake a low P/E in a cyclical company for a value opportunity, when it frequently signals the peak of the cycle. For shipping companies, EV/EBITDA or price-to-book are more stable metrics for valuation across cycles. The forward P/E of 6.93 is more telling, as it incorporates some earnings normalization, but even this may be optimistic if rates revert to historical means. The most appropriate alternative is to analyze valuation relative to the company's own historical average earnings or asset base.