Tsakos Energy Navigation Limited (TEN-PE) Financial Ratios
26 years of historical data (1999–2024) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
2.76
↓-96% vs avg
5yr avg: 68.48
30Y Low3.5·High5.4
P/FCF
N/A
—
5yr avg: 8.17
30Y Low8.2·High8.2
P/B Ratio
↑
0.45
+6% vs avg
5yr avg: 0.42
30Y Low0.4·High0.5
ROE
↑
10.3%
↓+51% vs avg
5yr avg: 6.8%
30Y Low-11%·High34%
Debt/EBITDA
↓
3.28
↓-93% vs avg
5yr avg: 45.60
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 5.3x earnings, 33% above its 5-year average of 4.0x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a discount of 68%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $127M | $764M | $760M | $675M | $466M | — | — | — | — | — | — |
| Enterprise Value | $1.2B | $1.8B | $1.8B | $2.0B | $1.8B | — | — | — | — | — | — |
| P/E Ratio → | 5.33 | 5.15 | 2.85 | 4.01 | — | — | — | — | — | — | — |
| P/S Ratio | 0.16 | 0.95 | 0.85 | 0.78 | 0.85 | — | — | — | — | — | — |
| P/B Ratio | 0.45 | 0.43 | 0.46 | 0.44 | 0.36 | — | — | — | — | — | — |
| P/FCF | — | — | 8.17 | — | — | — | — | — | — | — | — |
| P/OCF | 0.42 | 2.52 | 1.94 | 2.39 | 9.00 | — | — | — | — | — | — |
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 2.8x EBITDA, 96% below its 5-year average of 68.5x. The Energy sector median is 8.1x, placing the stock at a 66% 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 | — | 2.23 | 2.02 | 2.37 | 3.32 | — | — | — | — | — | — |
| EV / EBITDA | 2.76 | 4.28 | 3.49 | 5.39 | 260.74 | — | — | — | — | — | — |
| EV / EBIT | 4.15 | 6.08 | 4.41 | 7.72 | — | — | — | — | — | — | — |
| EV / FCF | — | — | 19.34 | — | — | — | — | — | — | — | — |
TEN-PE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tsakos Energy Navigation Limited earns an operating margin of 34.6%, significantly above the Energy sector average of 14.3%. Operating margins have expanded from 29.8% to 34.6% over the past 3 years, signaling improving operational efficiency. ROE of 10.3% is modest. ROIC of 7.6% represents adequate 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 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% | 41.6% | 33.3% | 0.3% | 25.0% | 23.6% | 12.3% | 19.4% | 24.0% | 35.4% |
| Operating Margin | 34.6% | 34.6% | 44.0% | 29.8% | -21.9% | 15.0% | 14.4% | -5.3% | 12.0% | 18.6% | 32.0% |
| Net Profit Margin | 21.9% | 21.9% | 33.7% | 23.7% | -27.7% | 3.7% | 2.5% | -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% | -11.3% | 1.7% | 1.0% | -6.6% | 0.5% | 3.9% | 12.2% |
| ROA | 5.0% | 5.0% | 9.0% | 6.6% | -5.0% | 0.8% | 0.5% | -3.0% | 0.2% | 1.8% | 5.7% |
| ROIC | 7.6% | 7.6% | 10.5% | 7.0% | -3.3% | 2.6% | 2.2% | -0.7% | 1.6% | 2.4% | 5.7% |
| ROCE | 8.8% | 8.8% | 13.1% | 9.3% | -4.5% | 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 3.3x, which is moderately leveraged (35% above the sector average of 2.4x). Net debt stands at $1.0B ($1.4B total debt minus $343M cash). Interest coverage of just 2.5x 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 | 0.78 | 0.78 | 0.85 | 1.10 | 1.13 | 1.14 | 1.06 | 1.06 | 1.16 | 1.24 | 0.98 |
| Debt / EBITDA | 3.28 | 3.28 | 2.74 | 4.41 | 210.56 | 7.00 | 7.25 | 14.65 | 8.97 | 8.91 | 4.84 |
| Net Debt / Equity | — | 0.58 | 0.63 | 0.90 | 1.04 | 1.02 | 0.93 | 0.92 | 1.04 | 1.10 | 0.78 |
| Net Debt / EBITDA | 2.46 | 2.46 | 2.02 | 3.61 | 193.73 | 6.29 | 6.39 | 12.77 | 8.00 | 7.95 | 3.83 |
| Debt / FCF | — | — | 11.17 | — | — | 99.06 | 17.44 | 26.58 | — | — | 76.85 |
| Interest Coverage | 2.46 | 2.46 | 3.68 | 4.28 | -2.87 | 1.80 | 1.16 | -0.39 | 1.03 | 2.40 | 6.57 |
TEN-PE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.11x 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 1.11x 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 | 1.11 | 1.11 | 1.58 | 1.39 | 0.72 | 0.84 | 1.12 | 1.25 | 0.90 | 0.91 | 1.13 |
| Quick Ratio | 1.06 | 1.06 | 1.51 | 1.32 | 0.65 | 0.78 | 1.08 | 1.17 | 0.85 | 0.86 | 1.09 |
| Cash Ratio | 0.84 | 0.84 | 1.15 | 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 | 27.91 | 27.91 | 23.08 | 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 9.1% to shareholders annually primarily through dividends. A payout ratio of 40.8% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 18.8% (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 | 9.1% | 9.4% | 8.1% | 6.5% | 7.8% | — | — | — | — | — | — |
| Payout Ratio | 40.8% | 40.8% | 20.6% | 21.4% | — | 194.6% | 326.0% | — | 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 | 18.8% | 19.4% | 35.1% | 24.9% | — | — | — | — | — | — | — |
| FCF Yield | — | — | 12.2% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 14.3% | 0.4% | 0.0% | — | — | — | — | — | — |
| Total Shareholder Yield | 9.1% | 9.4% | 22.4% | 6.8% | 7.8% | — | — | — | — | — | — |
| Shares Outstanding | — | $30M | $30M | $28M | $20M | $0 | $0 | $0 | $0 | $0 | $0 |
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 | $127M | 5.3 | 2.8 | — | 34.2% | 34.6% | 10.3% | 7.6% | 3.3 |
 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 |
 DHT | $3B | 14.5 | 12.3 | — | 38.2% | 34.2% | 19.4% | 8.9% | 1.6 |
 STNG | $4B | 12.0 | 8.7 | 8.9 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 NAT | $1B | 26.6 | 11.0 | 9.9 | 30.3% | 22.1% | 8.9% | 7.5% | 2.0 |
 TK | $1B | 9.9 | 1.2 | 3.0 | 32.3% | 29.9% | 7.2% | 19.1% | 0.1 |
 FRO | $8B | 17.1 | 10.5 | — | 34.4% | 38.1% | 21.5% | 10.6% | 3.3 |
 ASC | $770M | 21.4 | 7.4 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 TRMD | $3B | 5.2 | 5.1 | 14.4 | 60.8% | 42.3% | 32.7% | 18.0% | 1.4 |
 HAFN | $4B | 12.8 | 9.8 | 10.7 | 18.0% | 14.3% | 15.2% | 7.9% | 2.1 |
| Energy Median | — | 16.8 | 8.1 | 14.3 | 31.9% | 14.3% | 7.8% | 6.3% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTEN-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 5.3x. The historical average is 4.0x. This places it at the 100th percentile of its historical range.
What is Tsakos Energy Navigation Limited's EV/EBITDA?
Tsakos Energy Navigation Limited's current EV/EBITDA is 2.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.4x.
What is Tsakos Energy Navigation Limited's ROE?
Tsakos Energy Navigation Limited's return on equity (ROE) is 10.3%. The historical average is 8.4%.
Is TEN-PE stock overvalued?
Based on historical data, Tsakos Energy Navigation Limited is trading at a P/E of 5.3x. This is at the 100th 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 9.08% with a payout ratio of 40.8%.
What are Tsakos Energy Navigation Limited's profit margins?
Tsakos Energy Navigation Limited has 34.2% gross margin and 34.6% 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 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.