Tsakos Energy Navigation Limited (TEN) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
6.78
↓-85% vs avg
5yr avg: 46.14
30Y Low3.5·High21.0
P/FCF
N/A
—
5yr avg: 6.77
30Y Low4.4·High86.5
P/B Ratio
↑
0.61
↑+108% vs avg
5yr avg: 0.29
30Y Low0.1·High33.2
ROE
↑
8.9%
↓+7% vs avg
5yr avg: 8.3%
30Y Low-64%·High47%
Debt/EBITDA
↓
4.71
↓-90% vs avg
5yr avg: 45.26
30Y Low1.0·High9.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TEN 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 8.6x earnings, 150% above its 5-year average of 3.4x, sitting at the 31st percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 44%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $667M | $512M | $656M | $477M | $142M | $404M | $1.1B | $232M | $331M | $1.3B |
| Enterprise Value | $2.8B | $2.3B | $1.9B | $1.9B | $1.8B | $1.5B | $1.8B | $2.5B | $1.6B | $1.9B | $2.8B |
| P/E Ratio → | 8.60 | 5.04 | 3.45 | 2.46 | 2.82 | — | — | 72.67 | — | 43.44 | 22.99 |
| P/S Ratio | 1.44 | 0.83 | 0.64 | 0.74 | 0.55 | 0.26 | 0.63 | 1.84 | 0.44 | 0.63 | 2.65 |
| P/B Ratio | 0.61 | 0.36 | 0.29 | 0.40 | 0.31 | 0.11 | 0.29 | 0.75 | 0.15 | 0.22 | 0.90 |
| P/FCF | — | — | — | 6.77 | — | — | 23.54 | — | 4.43 | — | — |
| P/OCF | 3.90 | 2.25 | 1.66 | 1.66 | 1.65 | 2.68 | 1.97 | 2.47 | 3.33 | 1.98 | 7.80 |
P/E links to full P/E history page with 30-year chart
TEN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Tsakos Energy Navigation Limited's enterprise value stands at 6.8x EBITDA, 85% below its 5-year average of 46.1x. The Energy sector median is 7.8x, placing the stock at a 13% 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 | — | 2.87 | 2.40 | 2.11 | 2.13 | 2.70 | 2.79 | 4.11 | 3.03 | 3.55 | 5.88 |
| EV / EBITDA | 6.78 | 5.59 | 4.61 | 3.51 | 4.86 | 212.13 | 7.70 | 9.72 | 8.69 | 8.73 | 13.95 |
| EV / EBIT | 11.59 | 9.56 | 6.54 | 4.57 | 7.35 | — | 22.25 | 27.90 | — | 24.94 | 29.58 |
| EV / FCF | — | — | — | 19.41 | — | — | 104.80 | — | 30.70 | — | — |
TEN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tsakos Energy Navigation Limited earns an operating margin of 30.0%, significantly above the Energy sector average of 13.8%. Operating margins have compressed from 44.0% to 30.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 8.9% is modest. ROIC of 5.4% 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.3% | 35.3% | 34.2% | 41.6% | 33.3% | 0.3% | 25.0% | 23.6% | 12.3% | 19.4% | 24.0% |
| Operating Margin | 30.0% | 30.0% | 34.6% | 44.0% | 29.8% | -21.9% | 15.0% | 19.0% | 7.2% | 14.4% | 18.6% |
| Net Profit Margin | 20.1% | 20.1% | 21.9% | 33.7% | 23.7% | -27.7% | 3.7% | 2.5% | -18.7% | 1.4% | 11.6% |
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 | 8.9% | 8.9% | 10.3% | 18.9% | 14.5% | -11.3% | 1.7% | 1.0% | -6.6% | 0.5% | 3.9% |
| ROA | 4.2% | 4.2% | 5.0% | 9.0% | 6.6% | -5.0% | 0.8% | 0.5% | -3.0% | 0.2% | 1.8% |
| ROIC | 5.4% | 5.4% | 6.9% | 10.2% | 7.0% | -3.3% | 2.6% | 3.0% | 1.0% | 1.9% | 2.5% |
| ROCE | 7.1% | 7.1% | 8.8% | 13.1% | 9.3% | -4.5% | 3.5% | 3.9% | 1.3% | 2.6% | 3.3% |
TEN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Tsakos Energy Navigation Limited carries a Debt/EBITDA ratio of 4.7x, which is highly leveraged (81% above the sector average of 2.6x). Net debt stands at $1.6B ($1.9B total debt minus $303M 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.04 | 1.04 | 1.00 | 0.97 | 1.10 | 1.13 | 1.13 | 1.06 | 1.06 | 1.16 | 1.24 |
| Debt / EBITDA | 4.71 | 4.71 | 4.22 | 2.99 | 4.41 | 209.96 | 6.70 | 6.16 | 8.63 | 8.14 | 8.63 |
| Net Debt / Equity | — | 0.87 | 0.80 | 0.74 | 0.89 | 1.03 | 1.01 | 0.92 | 0.91 | 1.03 | 1.10 |
| Net Debt / EBITDA | 3.97 | 3.97 | 3.38 | 2.29 | 3.59 | 191.69 | 5.97 | 5.37 | 7.43 | 7.20 | 7.66 |
| Debt / FCF | — | — | — | 12.64 | — | — | 81.26 | — | 26.28 | — | — |
| Interest Coverage | 2.45 | 2.45 | 2.60 | 3.87 | 4.17 | -0.66 | 1.51 | 1.19 | -0.32 | 1.14 | 2.44 |
TEN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.95x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.57x to 0.95x 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 | 0.95 | 0.95 | 1.10 | 1.57 | 1.38 | 0.72 | 0.84 | 1.12 | 1.25 | 0.90 | 0.91 |
| Quick Ratio | 0.92 | 0.92 | 1.06 | 1.50 | 1.31 | 0.65 | 0.78 | 1.08 | 1.17 | 0.85 | 0.86 |
| Cash Ratio | 0.73 | 0.73 | 0.85 | 1.17 | 0.84 | 0.38 | 0.45 | 0.56 | 0.87 | 0.61 | 0.51 |
| Asset Turnover | — | 0.20 | 0.22 | 0.26 | 0.26 | 0.19 | 0.21 | 0.19 | 0.17 | 0.16 | 0.15 |
| Inventory Turnover | 41.04 | 41.04 | 27.91 | 23.08 | 21.88 | 23.77 | 22.15 | 35.03 | 22.79 | 26.18 | 19.53 |
| Days Sales Outstanding | — | 24.61 | 15.28 | 21.33 | 36.94 | 38.74 | 26.10 | 36.93 | 38.76 | 28.68 | 34.08 |
TEN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tsakos Energy Navigation Limited returns 5.3% to shareholders annually primarily through dividends. The payout ratio of 37.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 11.6% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.3% | 9.0% | 14.0% | 9.4% | 9.2% | 25.5% | 11.6% | 4.5% | 19.2% | 12.0% | 3.2% |
| Payout Ratio | 37.4% | 37.4% | 40.8% | 20.6% | 21.4% | — | 194.6% | 326.0% | — | 523.8% | 72.3% |
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 | 11.6% | 19.8% | 29.0% | 40.7% | 35.5% | — | — | 1.4% | — | 2.3% | 4.3% |
| FCF Yield | — | — | — | 14.8% | — | — | 4.2% | — | 22.6% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 16.5% | 0.5% | 0.1% | 14.8% | 0.0% | 0.0% | 0.0% | 1.6% |
| Total Shareholder Yield | 5.3% | 9.0% | 14.0% | 26.0% | 9.7% | 25.6% | 26.3% | 4.5% | 19.2% | 12.0% | 4.8% |
| Shares Outstanding | — | $30M | $30M | $30M | $28M | $20M | $50M | $50M | $17M | $17M | $55M |
Peer Comparison
Compare TEN 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 |
|---|---|---|---|---|---|---|---|---|---|
 TENYou | $1B | 8.6 | 6.8 | — | 35.3% | 30.0% | 8.9% | 5.4% | 4.7 |
 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 |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 TRMD | $3B | 9.9 | 6.7 | 15.2 | 34.1% | 25.6% | 13.9% | 8.8% | 1.7 |
| 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 · 30 years · Updated daily
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TEN — Frequently Asked Questions
Quick answers to the most common questions about buying TEN stock.
What is Tsakos Energy Navigation Limited's P/E ratio?
Tsakos Energy Navigation Limited's current P/E ratio is 8.6x. The historical average is 32.6x. This places it at the 31th percentile of its historical range.
What is Tsakos Energy Navigation Limited's EV/EBITDA?
Tsakos Energy Navigation Limited's current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
What is Tsakos Energy Navigation Limited's ROE?
Tsakos Energy Navigation Limited's return on equity (ROE) is 8.9%. The historical average is 3.4%.
Is TEN stock overvalued?
Based on historical data, Tsakos Energy Navigation Limited is trading at a P/E of 8.6x. This is at the 31th 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 5.28% with a payout ratio of 37.4%.
What are Tsakos Energy Navigation Limited's profit margins?
Tsakos Energy Navigation Limited has 35.3% gross margin and 30.0% 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 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.