Tsakos Energy Navigation Limited (TEN-PE) Financial Ratios
26 years of historical data (1999–2024) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
5.64
↓-31% vs avg
5yr avg: 8.22
30Y Low4.1·High18.9
P/FCF
↓
N/A
—
5yr avg: 15.42
30Y Low5.1·High22.7
P/B Ratio
↑
0.44
+11% vs avg
5yr avg: 0.40
30Y Low0.2·High0.5
ROE
↑
10.3%
↓+85% vs avg
5yr avg: 5.5%
30Y Low-14%·High34%
Debt/EBITDA
↓
4.53
↓-33% vs avg
5yr avg: 6.74
30Y Low2.0·High23.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TEN-PE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tsakos Energy Navigation Limited trades at 5.2x earnings, 31% above its 5-year average of 4.0x, sitting at the 75th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 66%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $782M | $764M | $760M | $675M | $466M | $389M | $418M | $308M | $427M | — | — |
| Enterprise Value | $2.2B | $2.2B | $2.0B | $2.0B | $1.8B | $1.8B | $1.8B | $1.7B | $2.0B | — | — |
| P/E Ratio → | 5.23 | 5.15 | 2.85 | 4.01 | — | — | — | — | 56.04 | — | — |
| P/S Ratio | 0.97 | 0.95 | 0.85 | 0.78 | 0.85 | 0.60 | 0.70 | 0.58 | 0.81 | — | — |
| P/B Ratio | 0.44 | 0.43 | 0.46 | 0.44 | 0.36 | 0.28 | 0.28 | 0.20 | 0.28 | — | — |
| P/FCF | — | — | 8.17 | — | — | 22.66 | 5.08 | 5.44 | — | — | — |
| P/OCF | 2.58 | 2.52 | 1.94 | 2.34 | 8.78 | 1.89 | 2.27 | 4.16 | 2.50 | — | — |
P/E links to full P/E history page with 30-year chart
TEN-PE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Tsakos Energy Navigation Limited's enterprise value stands at 5.6x EBITDA, 31% below its 5-year average of 8.2x. The Energy sector median is 7.8x, placing the stock at a 28% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.71 | 2.23 | 2.37 | 3.32 | 2.79 | 2.99 | 3.21 | 3.76 | — | — |
| EV / EBITDA | 5.64 | 5.60 | 4.12 | 5.41 | 18.90 | 7.08 | 7.45 | 15.60 | 10.18 | — | — |
| EV / EBIT | 9.57 | 7.30 | 4.82 | 7.59 | — | 22.20 | 20.32 | — | 26.38 | — | — |
| EV / FCF | — | — | 21.36 | — | — | 104.58 | 21.77 | 30.00 | — | — | — |
TEN-PE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tsakos Energy Navigation Limited earns an operating margin of 28.6%, above the Energy sector average of 13.8%. Operating margins have compressed from 29.8% to 28.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.3% is modest. ROIC of 5.7% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.2% | 34.2% | 41.7% | 33.3% | 0.3% | 25.0% | 23.6% | 12.3% | 19.4% | 24.0% | 35.4% |
| Operating Margin | 28.6% | 28.6% | 37.9% | 29.8% | -5.7% | 15.0% | 14.4% | -5.3% | 12.0% | 18.6% | 32.0% |
| Net Profit Margin | 21.8% | 21.8% | 33.7% | 23.7% | -34.8% | -4.0% | -8.9% | -18.7% | 1.4% | 11.6% | 26.9% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.3% | 10.3% | 18.9% | 14.5% | -14.2% | -1.8% | -3.6% | -6.6% | 0.5% | 3.9% | 12.2% |
| ROA | 5.0% | 5.0% | 9.0% | 6.6% | -6.3% | -0.8% | -1.7% | -3.0% | 0.2% | 1.8% | 5.7% |
| ROIC | 5.7% | 5.7% | 8.8% | 7.0% | -0.9% | 2.6% | 2.2% | -0.7% | 1.6% | 2.4% | 5.7% |
| ROCE | 7.2% | 7.2% | 11.3% | 9.3% | -1.2% | 3.5% | 3.0% | -0.9% | 2.1% | 3.3% | 7.7% |
TEN-PE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Tsakos Energy Navigation Limited carries a Debt/EBITDA ratio of 4.5x, which is highly leveraged (74% above the sector average of 2.6x). Net debt stands at $1.4B ($1.8B total debt minus $348M cash). Interest coverage of just 2.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.00 | 1.00 | 0.97 | 1.09 | 1.13 | 1.13 | 1.06 | 1.06 | 1.16 | 1.24 | 0.99 |
| Debt / EBITDA | 4.53 | 4.53 | 3.33 | 4.43 | 15.26 | 6.18 | 6.48 | 14.65 | 8.97 | 8.91 | 4.87 |
| Net Debt / Equity | — | 0.80 | 0.74 | 0.89 | 1.04 | 1.02 | 0.93 | 0.92 | 1.04 | 1.10 | 0.78 |
| Net Debt / EBITDA | 3.63 | 3.63 | 2.54 | 3.62 | 14.03 | 5.54 | 5.71 | 12.77 | 8.00 | 7.95 | 3.86 |
| Debt / FCF | — | — | 13.18 | — | — | 81.92 | 16.69 | 24.56 | — | — | 65.73 |
| Interest Coverage | 2.55 | 2.55 | 4.01 | 4.84 | -2.83 | 1.63 | 1.28 | -0.34 | 1.22 | 2.56 | 6.53 |
TEN-PE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.10x means Tsakos Energy Navigation Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.39x to 1.10x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.10 | 1.10 | 1.57 | 1.39 | 0.72 | 0.84 | 1.12 | 1.25 | 0.90 | 0.91 | 1.13 |
| Quick Ratio | 1.06 | 1.06 | 1.50 | 1.32 | 0.65 | 0.78 | 1.08 | 1.17 | 0.85 | 0.86 | 1.09 |
| Cash Ratio | 0.85 | 0.85 | 1.17 | 0.82 | 0.35 | 0.42 | 0.52 | 0.81 | 0.56 | 0.48 | 0.72 |
| Asset Turnover | — | 0.22 | 0.26 | 0.26 | 0.19 | 0.21 | 0.19 | 0.17 | 0.16 | 0.15 | 0.20 |
| Inventory Turnover | 27.92 | 27.92 | 23.05 | 21.88 | 23.77 | 22.15 | 35.01 | 22.79 | 26.18 | 19.53 | 26.37 |
| Days Sales Outstanding | — | 15.28 | 21.33 | 36.94 | 38.74 | 26.10 | 36.93 | 38.76 | 28.68 | 34.08 | 30.82 |
TEN-PE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tsakos Energy Navigation Limited returns 9.3% to shareholders annually primarily through dividends. A payout ratio of 41.0% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 19.1% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 9.3% | 9.4% | 8.1% | 6.5% | 7.8% | 12.0% | 11.8% | 14.4% | 9.3% | — | — |
| Payout Ratio | 41.0% | 41.0% | 20.6% | 21.4% | — | — | — | — | 523.8% | 72.3% | 13.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 19.1% | 19.4% | 35.1% | 24.9% | — | — | — | — | 1.8% | — | — |
| FCF Yield | — | — | 12.2% | — | — | 4.4% | 19.7% | 18.4% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 14.3% | 0.4% | 0.0% | 15.4% | 12.0% | 100.0% | 100.0% | — | — |
| Total Shareholder Yield | 9.3% | 9.4% | 22.4% | 6.8% | 7.8% | 27.4% | 23.8% | 100.0% | 100.0% | — | — |
| Shares Outstanding | — | $30M | $30M | $28M | $20M | $19M | $18M | $17M | $17M | $17M | $17M |
Peer Comparison
Compare TEN-PE 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 |
|---|---|---|---|---|---|---|---|---|---|
 TEN-PEYou | $782M | 5.2 | 5.6 | — | 34.2% | 28.6% | 10.3% | 5.7% | 4.5 |
 TNK | $3B | 7.4 | 6.0 | 22.9 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 INSW | $4B | 13.6 | 9.9 | 109.7 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 DHT | $3B | 14.4 | 12.3 | — | 38.2% | 34.2% | 19.4% | 8.9% | 1.6 |
 STNG | $4B | 11.5 | 8.2 | 8.5 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 NAT | $1B | 100.9 | 18.6 | — | 19.8% | 9.9% | 2.6% | 2.8% | 4.9 |
 TK | $1B | 10.4 | 0.5 | 9.5 | 27.5% | 21.8% | 4.8% | 12.0% | 0.2 |
 FRO | $9B | 24.1 | 12.9 | 13.6 | 32.8% | 30.2% | 15.6% | 8.1% | 3.3 |
 ASC | $697M | 19.4 | 6.8 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 TRMD | $3B | 9.9 | 6.7 | 15.2 | 34.1% | 25.6% | 13.9% | 8.8% | 1.7 |
 HAFN | $4B | 10.5 | 8.4 | 8.8 | 18.0% | 14.3% | 15.2% | 7.9% | 2.1 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 26 years · Updated daily
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TEN-PE — Frequently Asked Questions
Quick answers to the most common questions about buying TEN-PE stock.
What is Tsakos Energy Navigation Limited's P/E ratio?
Tsakos Energy Navigation Limited's current P/E ratio is 5.2x. The historical average is 17.0x. This places it at the 75th percentile of its historical range.
What is Tsakos Energy Navigation Limited's EV/EBITDA?
Tsakos Energy Navigation Limited's current EV/EBITDA is 5.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.3x.
What is Tsakos Energy Navigation Limited's ROE?
Tsakos Energy Navigation Limited's return on equity (ROE) is 10.3%. The historical average is 8.0%.
Is TEN-PE stock overvalued?
Based on historical data, Tsakos Energy Navigation Limited is trading at a P/E of 5.2x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Tsakos Energy Navigation Limited's dividend yield?
Tsakos Energy Navigation Limited's current dividend yield is 9.25% with a payout ratio of 41.0%.
What are Tsakos Energy Navigation Limited's profit margins?
Tsakos Energy Navigation Limited has 34.2% gross margin and 28.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Tsakos Energy Navigation Limited have?
Tsakos Energy Navigation Limited's Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.