P/E ratio for Tsakos Energy Navigation (TNP)
P/E ratio as of September 2023 (TTM): 1.71
According to Tsakos Energy Navigation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.7127. At the end of 2021 the company had a P/E ratio of -0.7545.
P/E ratio history for Tsakos Energy Navigation from 2003 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -0.7545 | -92.51% |
| 2020 | -10.1 | -26.06% |
| 2019 | -13.6 | 649.87% |
| 2018 | -1.82 | -91.17% |
| 2017 | -20.6 | -306.23% |
| 2016 | 9.98 | 124.55% |
| 2015 | 4.44 | -79.57% |
| 2014 | 21.7 | -363.75% |
| 2013 | -8.25 | 104.5% |
| 2012 | -4.03 | 63.67% |
| 2011 | -2.46 | -112.29% |
| 2010 | 20.0 | 5.4% |
| 2009 | 19.0 | 474.53% |
| 2008 | 3.31 | -57.69% |
| 2007 | 7.82 | 75.51% |
| 2006 | 4.46 | -0.59% |
| 2005 | 4.48 | -4.43% |
| 2004 | 4.69 | -14.33% |
| 2003 | 5.48 | -91% |
| 2002 | 60.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Golar LNG
GLNG | 23.5 | 1,271.80% | 🇧🇲 Bermuda |
 Teekay TK | 3.70 | 116.24% | 🇨🇦 Canada |
 Scorpio Tankers
STNG | 3.41 | 99.08% | 🇲🇨 Monaco |
 Frontline FRO | 4.96 | 189.34% | 🇧🇲 Bermuda |
 Ardmore Shipping
ASC | 2.86 | 66.71% | 🇧🇲 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.