P/E ratio for Danaos (DAC)
P/E ratio as of March 2023 (TTM): 1.74
According to Danaos's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.73831. At the end of 2021 the company had a P/E ratio of 1.40.
P/E ratio history for Danaos from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 1.40 | -55.77% |
| 2020 | 3.16 | 189.58% |
| 2019 | 1.09 | -128.25% |
| 2018 | -3.86 | -302.51% |
| 2017 | 1.91 | -340.47% |
| 2016 | -0.7934 | -115.32% |
| 2015 | 5.18 | -103.83% |
| 2014 | -135 | -1048.14% |
| 2013 | 14.3 | -587.34% |
| 2012 | -2.93 | -110.49% |
| 2011 | 27.9 | -1115.15% |
| 2010 | -2.75 | -140.33% |
| 2009 | 6.82 | 116.34% |
| 2008 | 3.15 | -52.95% |
| 2007 | 6.70 | -39.54% |
| 2006 | 11.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Euroseas ESEA | 1.33 | -23.35% | 🇬🇷 Greece |
 Diana Shipping DSX | 2.66 | 53.02% | 🇬🇷 Greece |
 Navios Maritime Partners NMM | 1.15 | -33.71% | 🇲🇨 Monaco |
 Navios Maritime Holdings NM | 0.3339 | -80.79% | 🇲🇨 Monaco |
 Costamare
CMRE | 2.04 | 17.45% | 🇲🇨 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.