P/E ratio for Tsakos Energy Navigation (TNP)
P/E ratio as of March 2025 (TTM): 2.43
According to Tsakos Energy Navigation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.42585. At the end of 2022 the company had a P/E ratio of 2.86.
P/E ratio history for Tsakos Energy Navigation from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.86 | -474.85% |
| 2021 | -0.7629 | -91.83% |
| 2020 | -9.34 | -32.33% |
| 2019 | -13.8 | 686.35% |
| 2018 | -1.75 | -91.47% |
| 2017 | -20.6 | -310.62% |
| 2016 | 9.77 | 109.73% |
| 2015 | 4.66 | -76.64% |
| 2014 | 19.9 | -342.23% |
| 2013 | -8.23 | 99.78% |
| 2012 | -4.12 | 67.25% |
| 2011 | -2.46 | -112.57% |
| 2010 | 19.6 | 4.33% |
| 2009 | 18.8 | 455.02% |
| 2008 | 3.39 | -56.01% |
| 2007 | 7.70 | 72.92% |
| 2006 | 4.45 | -0.81% |
| 2005 | 4.49 | -4.94% |
| 2004 | 4.72 | -11.71% |
| 2003 | 5.35 | -89.28% |
| 2002 | 49.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 4.27 | 76.02% | 🇨🇦 Canada |
 | 4.55 | 87.56% | 🇧🇲 Bermuda |
 | 2.72 | 12.32% | 🇲🇨 Monaco |
 | 2.31 | -4.58% | 🇧🇲 Bermuda |
 | 38.7 | 1,494.78% | 🇧🇲 Bermuda |
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.