Latest Ratios: P/E Ratio -33.7x · EV/EBITDA 8.5x · ROE -1.0%. (2008–2025 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 | $62M | $36M | $24M | $55M | $22M | $31M | $5M | $4M | $9M | $30M | $11M |
| Enterprise Value | $144M | $119M | $115M | $33M | $14M | $18M | $24M | $40M | $46M | $68M | $76M |
| P/E Ratio → | -33.73 | — | 55.98 | 10.19 | 0.89 | 2.08 | — | — | — | — | — |
| P/S Ratio | 1.39 | 0.82 | 0.69 | 1.75 | 0.35 | 0.72 | 0.47 | 0.26 | 0.53 | 2.05 | 1.18 |
| P/B Ratio | 0.33 | 0.21 | 0.14 | 0.31 | 0.13 | 0.21 | 0.13 | 0.42 | 0.22 | 0.67 | 0.51 |
| P/FCF | — | — | — | — | — | — | — | 28.22 | 2.47 | 81.13 | — |
| P/OCF | 11.02 | 6.48 | 2.13 | — | 0.80 | 1.50 | — | 19.35 | 2.39 | 46.93 | — |
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 | — | 2.69 | 3.30 | 1.05 | 0.22 | 0.42 | 2.00 | 2.57 | 2.65 | 4.74 | 8.43 |
| EV / EBITDA | 8.51 | 7.02 | 8.77 | 2.16 | 0.40 | 0.74 | — | 19.51 | 10.66 | 40.21 | — |
| EV / EBIT | 60.10 | 49.53 | 17.57 | 3.43 | 0.51 | 1.00 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | 275.19 | 12.36 | 187.38 | — |
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 | 20.9% | 20.9% | 19.0% | 7.3% | 45.5% | 50.2% | -26.0% | -11.4% | 2.7% | -16.1% | -77.2% |
| Operating Margin | 5.4% | 5.4% | 9.7% | 20.1% | 38.3% | 41.4% | -97.2% | -27.9% | -8.3% | -27.8% | -80.2% |
| Net Profit Margin | -4.0% | -4.0% | 1.2% | 16.9% | 39.3% | 34.5% | -147.8% | -232.7% | -20.6% | -44.9% | -108.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.0% | -1.0% | 0.2% | 3.0% | 15.3% | 15.9% | -66.9% | -142.8% | -8.4% | -20.0% | -38.3% |
| ROA | -0.6% | -0.6% | 0.2% | 2.3% | 11.8% | 11.0% | -24.5% | -51.1% | -4.0% | -7.0% | -9.4% |
| ROIC | 0.7% | 0.7% | 1.2% | 3.0% | 12.0% | 13.9% | -16.1% | -5.3% | -1.4% | -3.6% | -5.6% |
| ROCE | 0.9% | 0.9% | 1.3% | 2.9% | 12.4% | 14.5% | -19.0% | -9.7% | -3.3% | -7.5% | -13.4% |
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 | 0.62 | 0.62 | 0.78 | 0.30 | 0.26 | 0.22 | 0.88 | 3.89 | 0.90 | 0.94 | 3.16 |
| Debt / EBITDA | 6.46 | 6.46 | 10.50 | 3.45 | 1.32 | 1.32 | — | 18.66 | 8.54 | 24.42 | — |
| Net Debt / Equity | — | 0.47 | 0.52 | -0.12 | -0.05 | -0.09 | 0.43 | 3.65 | 0.90 | 0.88 | 3.15 |
| Net Debt / EBITDA | 4.88 | 4.88 | 6.93 | -1.43 | -0.24 | -0.52 | — | 17.51 | 8.53 | 22.80 | — |
| Debt / FCF | — | — | — | — | — | — | — | 246.97 | 9.89 | 106.25 | — |
| Interest Coverage | 0.30 | 0.30 | 1.07 | 2.23 | 11.25 | 5.58 | -3.18 | -6.87 | — | -1.92 | -2.72 |
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 | 2.74 | 2.74 | 1.53 | 8.35 | 3.69 | 4.12 | 1.71 | 0.63 | 0.06 | 0.09 | 0.07 |
| Quick Ratio | 2.54 | 2.54 | 1.50 | 8.21 | 3.51 | 4.05 | 1.61 | 0.45 | 0.05 | 0.08 | 0.05 |
| Cash Ratio | 2.36 | 2.36 | 1.35 | 7.81 | 3.13 | 3.73 | 1.46 | 0.27 | 0.00 | 0.06 | 0.01 |
| Asset Turnover | — | 0.15 | 0.11 | 0.13 | 0.27 | 0.23 | 0.14 | 0.28 | 0.20 | 0.16 | 0.10 |
| Inventory Turnover | 15.78 | 15.78 | 23.05 | 23.04 | 11.11 | 25.35 | 11.86 | 11.27 | 25.97 | 25.33 | 30.97 |
| Days Sales Outstanding | — | 5.40 | 11.66 | 13.46 | 0.64 | 8.44 | 4.75 | 5.61 | 12.14 | 4.48 | 9.84 |
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 | — | — | — | — | — | — | — | — | — | — | 0.1% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 1.8% | 9.8% | 112.4% | 48.1% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | 3.5% | 40.5% | 1.2% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% |
| Shares Outstanding | — | $21M | $21M | $21M | $21M | $15M | $959157 | $41622 | $31972 | $25749 | $2603 |
Cyclical asset value volatility
According to current market data, GLBS trades at a P/B ratio of 0.34, which suggests that investors are heavily discounting the company's fleet value compared to peers like Star Bulk Carriers, likely reflecting deep-seated skepticism regarding the firm's ability to generate sustainable long-term returns on its assets.
The valuation multiples, including a negative P/E ratio, indicate that the market is currently pricing the company as a distressed asset play rather than a growth-oriented shipping operator. This deep discount to book value warrants further investigation into whether the market is correctly identifying structural impairments or if the current valuation provides an asymmetric opportunity for investors.
Based on reported figures, the company's ROIC has fluctuated between -0.5% and 0.7% over the last ten quarters, indicating that Globus Maritime struggles to consistently generate returns that exceed its cost of capital in the highly competitive and cyclical dry bulk shipping industry.
The erratic nature of these returns suggests that the company's profitability is driven more by external spot market conditions than by internal operational efficiencies. Investors should monitor whether management can improve these returns through fleet renewal or if the current capital intensity will continue to suppress long-term compounding potential.
As reported in recent financial statements, the company's cash conversion cycle has swung from a high of 23 days in 2024Q1 to a negative 13 days in 2024Q3, highlighting significant volatility in how the firm manages its receivables and payables relative to its operational requirements.
This inconsistency in the cash conversion cycle suggests that the company lacks a stable working capital rhythm, which is common in shipping but complicates cash flow forecasting. The reliance on fluctuating charter payment terms appears to be a primary driver of these shifts, necessitating a cautious approach to liquidity planning.
Based on the latest quarterly filings, the company maintains a debt-to-equity ratio of 0.61, which is notably lower than many industry peers and suggests that Globus Maritime has successfully de-risked its balance sheet to navigate the inherent volatility of the global dry bulk shipping market.
This low leverage profile provides the company with significant financial flexibility, potentially allowing for opportunistic vessel acquisitions during market downturns. However, investors should monitor whether this conservative stance is a permanent strategic choice or merely a temporary state while the company awaits more favorable financing conditions.
The P/E ratio is the most commonly misapplied metric for this business model, as it obscures the company's true value by failing to account for the heavy non-cash depreciation charges and the cyclical nature of vessel earnings that define the dry bulk shipping sector.
Instead of relying on earnings multiples, analysts should prioritize Price-to-Net Asset Value (P/NAV) to better capture the underlying liquidation value of the fleet. Using P/E in this context may lead to erroneous conclusions about the company's financial health, as it ignores the asset-heavy reality of the business.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying GLBS stock.
Globus Maritime Limited's current P/E ratio is -33.7x. The historical average is 12.9x.
Globus Maritime Limited's current EV/EBITDA is 8.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.4x.
Globus Maritime Limited's return on equity (ROE) is -1.0%. The historical average is -19.1%.
Based on historical data, Globus Maritime Limited is trading at a P/E of -33.7x. Compare with industry peers and growth rates for a complete picture.
Globus Maritime Limited has 20.9% gross margin and 5.4% operating margin.
Globus Maritime Limited's Debt/EBITDA ratio is 6.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.