TORM plc (TRMD) Financial Ratios
26 years of historical data (2000–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
6.66
+17% vs avg
5yr avg: 5.71
30Y Low3.3·High12.2
P/FCF
↑
15.20
↑+84% vs avg
5yr avg: 8.25
30Y Low6.3·High9.9
P/B Ratio
↑
1.34
↑+20% vs avg
5yr avg: 1.11
30Y Low0.5·High1.6
ROE
↑
13.9%
↑-46% vs avg
5yr avg: 25.5%
30Y Low-127%·High69%
Debt/EBITDA
↓
1.75
↓-39% vs avg
5yr avg: 2.87
30Y Low0.8·High48.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TRMD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TORM plc trades at 9.9x earnings, 121% above its 5-year average of 4.5x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 36%. On a free-cash-flow basis, the stock trades at 15.2x P/FCF, 84% above the 5-year average of 8.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $2.0B | $1.9B | $2.6B | $2.4B | $622M | $524M | $802M | $430M | — | — |
| Enterprise Value | $3.9B | $2.8B | $2.8B | $3.4B | $3.1B | $1.6B | $1.3B | $1.6B | $1.1B | — | — |
| P/E Ratio → | 9.94 | 6.61 | 3.06 | 4.07 | 4.23 | — | 5.55 | 4.82 | — | — | — |
| P/S Ratio | 2.16 | 1.41 | 1.20 | 1.73 | 1.67 | 1.00 | 0.70 | 1.16 | 0.68 | — | — |
| P/B Ratio | 1.34 | 0.89 | 0.90 | 1.58 | 1.61 | 0.59 | 0.51 | 0.80 | 0.51 | — | — |
| P/FCF | 15.20 | 9.92 | 8.03 | 8.75 | 6.31 | — | 8.35 | — | — | — | — |
| P/OCF | 5.80 | 3.79 | 2.37 | 3.21 | 4.81 | 12.97 | 2.22 | 4.69 | 6.08 | — | — |
P/E links to full P/E history page with 30-year chart
TRMD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TORM plc's enterprise value stands at 6.7x EBITDA, 17% above its 5-year average of 5.7x. The Energy sector median is 7.8x, placing the stock at a 15% 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 | — | 2.02 | 1.81 | 2.26 | 2.12 | 2.60 | 1.71 | 2.31 | 1.66 | — | — |
| EV / EBITDA | 6.66 | 4.86 | 3.32 | 4.05 | 4.13 | 12.19 | 4.89 | 5.07 | 9.26 | — | — |
| EV / EBIT | 10.83 | 7.33 | 4.16 | 4.84 | 5.06 | 984.90 | 9.34 | 7.77 | 424.39 | — | — |
| EV / FCF | — | 14.22 | 12.12 | 11.38 | 8.00 | — | 20.35 | — | — | — | — |
TRMD Profitability
Margins and return-on-capital ratios measuring operating efficiency
TORM plc earns an operating margin of 25.6%, above the Energy sector average of 13.8%. Operating margins have compressed from 45.9% to 25.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 13.9% is modest. ROIC of 8.8% 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 | 34.1% | 34.1% | 60.8% | 61.9% | 58.5% | 40.0% | 53.2% | 45.4% | 37.0% | 41.7% | 46.3% |
| Operating Margin | 25.6% | 25.6% | 42.3% | 45.9% | 41.7% | 0.2% | 18.6% | 29.7% | 0.4% | 6.0% | -15.8% |
| Net Profit Margin | 21.3% | 21.3% | 39.3% | 42.6% | 39.0% | -6.8% | 11.8% | 24.0% | -5.5% | 0.4% | -21.0% |
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 | 13.9% | 13.9% | 32.7% | 40.9% | 44.0% | -4.1% | 8.7% | 17.9% | -4.2% | 0.3% | -16.2% |
| ROA | 8.7% | 8.7% | 19.3% | 23.6% | 22.8% | -1.9% | 4.4% | 8.9% | -2.1% | 0.1% | -8.3% |
| ROIC | 8.8% | 8.8% | 18.0% | 22.7% | 21.5% | 0.1% | 5.8% | 9.4% | 0.1% | 2.1% | -5.4% |
| ROCE | 11.6% | 11.6% | 22.8% | 27.9% | 27.1% | 0.1% | 7.7% | 12.3% | 0.2% | 2.7% | -6.8% |
TRMD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TORM plc carries a Debt/EBITDA ratio of 1.7x, which is manageable (33% below the sector average of 2.6x). Net debt stands at $848M ($1.0B total debt minus $163M cash). Interest coverage of 5.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.46 | 0.59 | 0.64 | 0.64 | 1.08 | 0.83 | 0.85 | 0.88 | 0.95 | 0.88 |
| Debt / EBITDA | 1.75 | 1.75 | 1.44 | 1.25 | 1.31 | 8.59 | 3.23 | 2.71 | 6.60 | 4.65 | 72.24 |
| Net Debt / Equity | — | 0.39 | 0.46 | 0.48 | 0.43 | 0.94 | 0.74 | 0.79 | 0.73 | 0.78 | 0.78 |
| Net Debt / EBITDA | 1.47 | 1.47 | 1.12 | 0.94 | 0.87 | 7.49 | 2.89 | 2.53 | 5.48 | 3.81 | 64.21 |
| Debt / FCF | — | 4.29 | 4.09 | 2.63 | 1.69 | — | 12.00 | — | — | — | 11.74 |
| Interest Coverage | 4.99 | 4.99 | 9.73 | 12.62 | 12.43 | 0.04 | 1.76 | 3.90 | 0.06 | 1.20 | -3.37 |
TRMD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.33x means TORM plc can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.60x to 1.33x 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 | 1.33 | 1.33 | 2.16 | 2.60 | 3.58 | 1.18 | 1.24 | 1.11 | 1.61 | 1.67 | 1.19 |
| Quick Ratio | 1.16 | 1.16 | 1.92 | 2.37 | 3.23 | 1.02 | 1.12 | 0.93 | 1.38 | 1.46 | 0.99 |
| Cash Ratio | 0.41 | 0.41 | 0.95 | 1.00 | 1.55 | 0.47 | 0.45 | 0.29 | 0.76 | 0.86 | 0.50 |
| Asset Turnover | — | 0.41 | 0.45 | 0.53 | 0.55 | 0.27 | 0.37 | 0.35 | 0.37 | 0.40 | 0.43 |
| Inventory Turnover | 13.80 | 13.80 | 8.93 | 9.39 | 8.31 | 7.62 | 15.58 | 10.85 | 10.15 | 11.53 | 11.56 |
| Days Sales Outstanding | — | 62.47 | 48.95 | 52.74 | 66.58 | 52.02 | 31.31 | 49.59 | 49.40 | 46.15 | 37.92 |
TRMD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TORM plc returns 7.0% to shareholders annually primarily through dividends. A payout ratio of 70.0% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 10.1% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 7.0% | 10.6% | 28.2% | 22.7% | 6.9% | — | 13.5% | — | — | — | — |
| Payout Ratio | 70.0% | 70.0% | 86.2% | 92.3% | 29.6% | — | 80.1% | — | — | 51.5% | — |
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 | 10.1% | 15.1% | 32.7% | 24.6% | 23.7% | — | 18.0% | 20.8% | — | — | — |
| FCF Yield | 6.6% | 10.1% | 12.5% | 11.4% | 15.8% | — | 12.0% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 7.0% | 10.6% | 28.2% | 22.7% | 6.9% | 0.0% | 13.7% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $100M | $96M | $87M | $83M | $78M | $74M | $74M | $73M | $62M | $63M |
Peer Comparison
Compare TRMD 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 |
|---|---|---|---|---|---|---|---|---|---|
 TRMDYou | $3B | 9.9 | 6.7 | 15.2 | 34.1% | 25.6% | 13.9% | 8.8% | 1.7 |
 STNG | $4B | 11.5 | 8.2 | 8.5 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 INSW | $4B | 13.6 | 9.9 | 109.7 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 TNK | $3B | 7.4 | 6.0 | 22.9 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 HAFN | $4B | 10.5 | 8.4 | 8.8 | 18.0% | 14.3% | 15.2% | 7.9% | 2.1 |
 TEN | $1B | 8.6 | 6.8 | — | 35.3% | 30.0% | 8.9% | 5.4% | 4.7 |
 ASC | $697M | 19.4 | 6.8 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 NVGS | $1B | 14.8 | 7.7 | 21.5 | 30.1% | 23.9% | 8.0% | 5.7% | 3.3 |
 FRO | $9B | 24.1 | 12.9 | 13.6 | 32.8% | 30.2% | 15.6% | 8.1% | 3.3 |
 NAT | $1B | 100.9 | 18.6 | — | 19.8% | 9.9% | 2.6% | 2.8% | 4.9 |
 CLCO | $511M | 5.3 | 7.4 | — | 76.0% | 50.5% | 12.5% | 6.7% | 5.9 |
| 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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TRMD — Frequently Asked Questions
Quick answers to the most common questions about buying TRMD stock.
What is TORM plc's P/E ratio?
TORM plc's current P/E ratio is 9.9x. The historical average is 4.7x. This places it at the 100th percentile of its historical range.
What is TORM plc's EV/EBITDA?
TORM plc's current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.0x.
What is TORM plc's ROE?
TORM plc's return on equity (ROE) is 13.9%. The historical average is 10.1%.
Is TRMD stock overvalued?
Based on historical data, TORM plc is trading at a P/E of 9.9x. 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 TORM plc's dividend yield?
TORM plc's current dividend yield is 7.04% with a payout ratio of 70.0%.
What are TORM plc's profit margins?
TORM plc has 34.1% gross margin and 25.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does TORM plc have?
TORM plc's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.