Tsakos Energy Navigation (TNP) - P/B ratio

P/B ratio as of November 2024 : 0.5138

According to Tsakos Energy Navigation's latest financial reports the company has a price-to-book ratio of 1.04094.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Tsakos Energy Navigation - P/B ratio (from 2002 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	0.3967	24.64%
2022-12-31	0.3183	131.17%
2021-12-31	0.1377	30.07%
2020-12-31	0.1059	-62.4%
2019-12-31	0.2816	82.06%
2018-12-31	0.1547	-29.73%
2017-12-31	0.2201	-20.55%
2016-12-31	0.2770	-43.33%
2015-12-31	0.4888	-2.62%
2014-12-31	0.5020	43.75%
2013-12-31	0.3492	52.92%
2012-12-31	0.2284	-4.85%
2011-12-31	0.2400	-46.88%
2010-12-31	0.4518	-23.67%
2009-12-31	0.5919	-20.4%
2008-12-31	0.7436	-54.73%
2007-12-31	1.64	41.97%
2006-12-31	1.16	-0.09%
2005-12-31	1.16	-16.67%
2004-12-31	1.39	38.16%
2003-12-31	1.01	2.23%
2002-12-31	0.9840

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Teekay TK	0.3412	-33.60%	🇨🇦 Canada
Frontline FRO	1.78	246.25%	🇧🇲 Bermuda
Scorpio Tankers STNG	0.9344	81.87%	🇲🇨 Monaco
Ardmore Shipping ASC	0.7475	45.49%	🇧🇲 Bermuda
Golar LNG GLNG	1.41	174.59%	🇧🇲 Bermuda

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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