Latest Ratios: P/E Ratio 3.5x · EV/EBITDA 3.3x · ROE 33.1%. (2002–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $486M | $379M | $205M | $176M | $108M | $142M | $25M | $9M | $6M | $15M | $11M |
| Enterprise Value | $525M | $419M | $337M | $247M | $189M | $233M | $91M | $98M | $36M | $84M | $60M |
| P/E Ratio → | 3.49 | 2.77 | 1.82 | 1.53 | 1.01 | 3.34 | — | — | — | — | — |
| P/S Ratio | 2.13 | 1.66 | 0.96 | 0.93 | 0.59 | 1.51 | 0.48 | 0.24 | 0.19 | 0.65 | 0.55 |
| P/B Ratio | 1.03 | 0.82 | 0.56 | 0.66 | 0.64 | 1.85 | 0.72 | 0.34 | 0.29 | 0.19 | 0.13 |
| P/FCF | 7.58 | 5.92 | — | 9.92 | 4.61 | — | 14.43 | — | — | — | — |
| P/OCF | 3.44 | 2.69 | 1.60 | 1.35 | 0.95 | 2.69 | 10.47 | 3.02 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.84 | 1.58 | 1.30 | 1.04 | 2.48 | 1.71 | 2.45 | 1.05 | 3.52 | 2.92 |
| EV / EBITDA | 3.31 | 2.64 | 2.30 | 1.74 | 1.51 | 4.41 | 5.74 | 15.92 | 6.39 | — | — |
| EV / EBIT | 4.04 | 3.23 | 2.73 | 2.04 | 1.70 | 5.10 | 11.17 | 56.23 | 15.11 | — | — |
| EV / FCF | — | 6.54 | — | 13.95 | 8.09 | — | 51.77 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.5% | 63.5% | 59.8% | 63.3% | 62.7% | 55.6% | 23.7% | 20.2% | 20.6% | 12.7% | -8.2% |
| Operating Margin | 57.0% | 57.0% | 56.4% | 63.1% | 58.4% | 48.7% | 17.4% | 4.9% | 6.8% | -22.8% | -61.7% |
| Net Profit Margin | 60.1% | 60.1% | 53.0% | 60.5% | 58.2% | 45.8% | 7.6% | -4.2% | -0.3% | -25.7% | -215.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 33.1% | 33.1% | 35.8% | 52.7% | 86.8% | 76.6% | 12.7% | -6.6% | -0.2% | -7.2% | -41.1% |
| ROA | 21.2% | 21.2% | 22.2% | 30.4% | 38.6% | 25.9% | 3.4% | -1.7% | -0.1% | -4.0% | -27.9% |
| ROIC | 19.5% | 19.5% | 21.6% | 30.5% | 38.3% | 25.5% | 6.4% | 1.8% | 1.7% | -2.8% | -6.4% |
| ROCE | 21.7% | 21.7% | 26.4% | 38.0% | 48.6% | 34.3% | 10.1% | 2.5% | 2.3% | -3.9% | -8.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.47 | 0.47 | 0.57 | 0.49 | 0.64 | 1.54 | 1.96 | 3.18 | 1.62 | 0.88 | 0.59 |
| Debt / EBITDA | 1.37 | 1.37 | 1.40 | 0.91 | 0.86 | 2.23 | 4.36 | 14.54 | 6.48 | — | — |
| Net Debt / Equity | — | 0.09 | 0.36 | 0.27 | 0.48 | 1.19 | 1.86 | 3.15 | 1.31 | 0.83 | 0.55 |
| Net Debt / EBITDA | 0.25 | 0.25 | 0.90 | 0.50 | 0.65 | 1.73 | 4.14 | 14.38 | 5.25 | — | — |
| Debt / FCF | — | 0.62 | — | 4.03 | 3.48 | — | 37.34 | — | — | — | — |
| Interest Coverage | 8.67 | 8.67 | 11.62 | 18.81 | 21.94 | 16.46 | 1.98 | 0.51 | 0.78 | -3.47 | -12.92 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.89 | 4.89 | 1.48 | 1.29 | 0.64 | 0.88 | 0.34 | 0.25 | 1.03 | 0.87 | 0.93 |
| Quick Ratio | 4.82 | 4.82 | 1.43 | 1.24 | 0.60 | 0.82 | 0.28 | 0.18 | 0.89 | 0.78 | 0.82 |
| Cash Ratio | 4.50 | 4.50 | 1.29 | 1.15 | 0.35 | 0.71 | 0.12 | 0.04 | 0.60 | 0.22 | 0.29 |
| Asset Turnover | — | 0.33 | 0.36 | 0.45 | 0.56 | 0.42 | 0.48 | 0.32 | 0.51 | 0.15 | 0.14 |
| Inventory Turnover | 29.50 | 29.50 | 26.81 | 27.38 | 29.56 | 19.06 | 24.48 | 16.90 | 16.03 | 12.61 | 17.21 |
| Days Sales Outstanding | — | 18.46 | 9.13 | 8.32 | 12.23 | 11.65 | 26.57 | 20.84 | 31.70 | 28.43 | 40.91 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.0% | 5.0% | 8.2% | 8.0% | 10.0% | 0.3% | 1.3% | 10.9% | — | — | — |
| Payout Ratio | 13.8% | 13.8% | 14.9% | 12.2% | 10.2% | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 28.7% | 36.1% | 55.0% | 65.2% | 98.5% | 29.9% | — | — | — | — | — |
| FCF Yield | 13.2% | 16.9% | — | 10.1% | 21.7% | — | 6.9% | — | — | — | — |
| Buyback Yield | 0.4% | 0.6% | 0.5% | 1.8% | 4.7% | 1.4% | 0.0% | 100.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.4% | 5.6% | 8.7% | 9.7% | 14.7% | 1.7% | 1.3% | 100.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $7M | $7M | $7M | $7M | $7M | $6M | $3M | $1M | $1M | $1M |
Cyclical charter rate volatility
According to recent market data, Euroseas trades at a P/B ratio of 0.99, which, when compared to the broader industrial sector and its own historical averages, suggests the market is pricing in significant cyclical risk despite the company's robust cash position and modernizing fleet.
The current P/E of 3.36 indicates that investors are heavily discounting future earnings, likely anticipating a sharp reversion in charter rates from current peaks. This valuation appears to ignore the potential for the company's specialized feeder vessel fleet to maintain higher utilization rates than larger, more commoditized shipping assets.
As reported in financial statements, Euroseas' ROIC has fluctuated between 4.1% and 7.6% over the last ten quarters, reflecting the inherent capital intensity of a business model that requires significant, lumpy investments in newbuild eco-vessels to maintain long-term competitive returns on invested capital.
The variability in ROIC suggests that the company's ability to compound capital is highly dependent on the timing of vessel acquisitions relative to the shipping cycle. Investors should monitor whether the recent shift toward eco-friendly tonnage will structurally improve these returns as older, less efficient vessels are phased out.
Based on the provided quarterly data, Euroseas maintains a remarkably low asset turnover ratio of 0.08 to 0.12, which is characteristic of the capital-intensive maritime industry where revenue generation is constrained by the physical capacity and fixed deployment schedules of the container fleet.
The company's cash conversion cycle remains tight, often dipping into negative territory, which indicates strong leverage over charterers in terms of payment terms. This efficiency in working capital management provides a necessary buffer against the high fixed costs associated with maintaining a modern, compliant fleet.
As reported in financial statements, Euroseas has successfully reduced its debt-to-equity ratio to 0.43 as of 2026Q1, a notable improvement that provides the company with a fortress-like balance sheet compared to more highly levered peers in the global marine shipping industry.
This low leverage profile significantly reduces interest coverage risk, allowing the company to navigate periods of depressed charter rates without the threat of covenant breaches. The current debt-to-EBITDA ratio of 5.20 warrants further investigation to ensure that debt service remains manageable if cash flows experience a cyclical contraction.
Analysis of market sentiment suggests that the P/E ratio is the most commonly misapplied metric for Euroseas, as it fails to account for the non-cash depreciation charges and the cyclical nature of charter hire revenue that can distort bottom-line earnings in any given quarter.
Investors should instead focus on EV/EBITDA or NAV-based valuation, which better capture the underlying cash-generating capacity of the fleet and the liquidation value of the assets. Relying on P/E in a capital-intensive, cyclical industry like shipping often leads to a misunderstanding of the company's true earnings power and its ability to weather market downturns.
Includes 30+ ratios · 24 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ESEA stock.
Euroseas Ltd.'s current P/E ratio is 3.5x. The historical average is 9.0x. This places it at the 56th percentile of its historical range.
Euroseas Ltd.'s current EV/EBITDA is 3.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.4x.
Euroseas Ltd.'s return on equity (ROE) is 33.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 19.2%.
Based on historical data, Euroseas Ltd. is trading at a P/E of 3.5x. This is at the 56th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Euroseas Ltd.'s current dividend yield is 3.96% with a payout ratio of 13.8%.
Euroseas Ltd. has 63.5% gross margin and 57.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Euroseas Ltd.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.