P/E ratio for Global Ship Lease (GSL)
P/E ratio as of July 2025 (TTM): 2.69
According to Global Ship Lease's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.68946. At the end of 2023 the company had a P/E ratio of 2.35.
P/E ratio history for Global Ship Lease from 2008 to 2025
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | 2.35 | 9.86% |
| 2022 | 2.14 | -57.88% |
| 2021 | 5.08 | -11.21% |
| 2020 | 5.72 | 36.73% |
| 2019 | 4.18 | -369.96% |
| 2018 | -1.55 | 115.13% |
| 2017 | -0.7205 | -32.27% |
| 2016 | -1.06 | -72.6% |
| 2015 | -3.88 | -108.63% |
| 2014 | 45.0 | 409.15% |
| 2013 | 8.84 | 104.42% |
| 2012 | 4.32 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Costamare
CMRE | 3.70 | 37.57% | 🇲🇨 Monaco |
 Danaos DAC | 3.38 | 25.79% | 🇬🇷 Greece |
 Titan Machinery TITN | -73.2 | -2,823.12% | 🇺🇸 USA |
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.