Latest Ratios: P/E Ratio 4.1x · EV/EBITDA 5.1x · 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 → | 4.12 | 7.23 | 3.78 | 6.06 | 5.20 | — | 6.70 | — | — | — | — |
| P/S Ratio | 3.24 | 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 | 6.44 | 5.97 | 3.45 | 3.94 | 4.65 | 26.76 | 2.58 | 772.51 | 121.30 | — | 14.13 |
| P/OCF | 8.18 | 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 | 5.12 | 4.81 | 3.22 | 5.01 | 4.95 | 23.96 | 7.11 | 14.49 | 15.64 | 33.56 | 12.68 |
| EV / EBIT | 12.55 | 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 | 6.12 | 6.12 | 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 | 24.3% | 13.8% | 26.5% | 16.5% | 19.2% | — | 14.9% | — | — | — | — |
| FCF Yield | 15.5% | 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 4.1x. The historical average is 21.5x. This places it at the 13th percentile of its historical range.
Scorpio Tankers Inc.'s current EV/EBITDA is 5.1x. 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 4.1x. This is at the 13th 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 2.09% 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
Tanker rate cyclicality and peak-cycle normalization
Low Multiples Price in Cyclical Peak Earnings
Based on reported figures, STNG trades at 11.49 trailing P/E but only 5.36 forward P/E, a compression that implies the market expects earnings to fall sharply from the 2026Q2 peak as revenue normalized. The forward multiple should be read as a signal of expected earnings decline rather than cheapness.
A forward P/E of 5.36 against a trailing 11.49 implies the consensus expects roughly half of current earnings power to disappear, consistent with the 34.8% sequential revenue decline into 2026Q3. The PEG of 0.34 looks attractive only if the growth input is itself inflated by peak-cycle earnings, which makes the ratio unreliable as a standalone value signal. Relative to peers such as HAFN at 13.58 and INSW at 15.73 P/E, STNG's discount appears to reflect investor skepticism about durability rather than a mispricing that is clearly visible in the data.
Margins Track Freight Cycle, Not Structure
According to reported quarterly figures, operating margin swung from 28.2% in 2025Q1 to 66.7% in 2024Q2 and back to 43.7% in 2026Q3, indicating that STNG's earnings power is set largely by external tanker rates rather than company-controlled cost efficiency.
The range between trough and peak operating margins exceeds 35 percentage points, while SG&A remains comparatively fixed at roughly $37-47M per quarter, which amplifies operating leverage to freight rates. Net margin reaching 94.8% in 2026Q2 exceeds operating margin by a wide gap, which suggests non-operating or tax items contributed materially and warrants investigation before using net margin as a measure of earning power. Operating margin is the more defensible metric for normalizing through the cycle, and it should be compared against a multi-year average rather than any single quarter.
ROIC Recovering From Trough but Below Peak
Based on reported ratios, ROIC rose from 1.3% in 2025Q1 to 6.6% in 2026Q2 before easing to 3.6% in 2026Q3, leaving returns on invested capital compounding inconsistently rather than on a steady upward path.
The 2026Q3 ROIC of 3.6% sits well below the 6.6% peak, and ROE of 6.0% versus 11.0% at the peak shows the same deceleration, consistent with margin compression rather than capital base expansion. Peer ROIC clusters between 6.7% and 9.4%, placing STNG near the middle of the group, so the company is not a clear outlier on capital efficiency. Whether returns are structurally improving depends on whether the 2026 rate environment persists, and the data alone does not establish that.
Deleveraging Reduces Refinancing Pressure
As reported in the balance sheet, STNG's debt-to-equity fell from 0.34 in 2024Q2 to 0.14 in 2026Q3 and debt-to-EBITDA reached 3.44, indicating debt service has become materially more comfortable over the period.
Interest coverage recovered to 24.17 in 2026Q3 from 3.27 in 2024Q2, a substantial improvement that reduces refinancing and covenant risk on the reported figures. A debt-to-EBITDA of 3.44 remains elevated relative to the low debt-to-equity figure, which reflects that EBITDA itself is cyclical and would compress sharply in a rate downturn. Investors should monitor leverage against normalized rather than peak EBITDA, since the current low ratios may overstate balance sheet resilience.
Current Ratio Obscures Fleet Illiquidity
Based on reported figures, the current ratio of 20.65 is the metric most often misapplied to STNG, since the reported liquidity appears driven by cash accumulation while the $2.3B vessel base is illiquid and not captured in the ratio.
A current ratio of 20.65 reflects a large cash balance against short-term obligations, but the metric does not reveal how dependent the company remains on the spot tanker market for cash generation. Asset turnover of 0.06 and the heavy weighting of net PPE, roughly half of total assets, mean that the ratio says little about how the fleet would be monetized under stress. Free cash flow yield and a normalized EV/EBITDA on through-cycle EBITDA would better reflect the true earning and balance sheet capacity of this asset-heavy business.