P/E ratio for Danaos (DAC)
P/E ratio as of June 2024 (TTM): 3.72
According to Danaos's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.71603. At the end of 2022 the company had a P/E ratio of 1.93.
P/E ratio history for Danaos from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 1.93 | 34.02% |
| 2021 | 1.44 | -56.18% |
| 2020 | 3.29 | 197.63% |
| 2019 | 1.11 | -161.09% |
| 2018 | -1.81 | -194.17% |
| 2017 | 1.92 | -342.29% |
| 2016 | -0.7934 | -114.17% |
| 2015 | 5.60 | -104.09% |
| 2014 | -137 | -1048.88% |
| 2013 | 14.4 | -597.86% |
| 2012 | -2.89 | -110.37% |
| 2011 | 27.9 | -1316.69% |
| 2010 | -2.29 | -133.95% |
| 2009 | 6.76 | 110.92% |
| 2008 | 3.20 | -52.08% |
| 2007 | 6.69 | -52.5% |
| 2006 | 14.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Euroseas ESEA | 2.55 | -31.47% | 🇬🇷 Greece |
 Diana Shipping DSX | 3.04 | -18.17% | 🇬🇷 Greece |
 Navios Maritime Partners NMM | 2.54 | -31.52% | 🇲🇨 Monaco |
 Navios Maritime Holdings NM | 1.30 | -65.09% | 🇲🇨 Monaco |
 Costamare
CMRE | 4.28 | 15.31% | 🇲🇨 Monaco |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.