Latest Ratios: P/E Ratio -65.6x · EV/EBITDA 8.0x · ROE -1.7%. (2012–2025 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 | $1.4B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $809M | $1.2B | $959M | $1.2B | — |
| Enterprise Value | $1.5B | $1.4B | $1.4B | $1.3B | $2.1B | $2.3B | $2.0B | $2.4B | $2.1B | $2.2B | — |
| P/E Ratio → | -65.62 | — | 8.52 | 9.03 | 14.16 | — | 30.77 | — | 12.00 | 14.26 | — |
| P/S Ratio | 5.00 | 4.72 | 3.61 | 3.15 | 3.54 | 4.08 | 2.43 | 3.16 | 2.72 | 3.95 | — |
| P/B Ratio | 1.20 | 1.20 | 0.99 | 0.82 | 1.37 | 1.45 | 0.85 | 1.24 | 0.81 | 1.35 | — |
| P/FCF | 8.15 | 7.70 | 5.01 | 5.18 | 4.77 | 6.22 | 5.66 | 5.32 | 5.96 | 7.02 | — |
| P/OCF | 7.44 | 7.04 | 4.85 | 4.77 | 4.73 | 5.70 | 4.86 | 5.01 | 5.18 | 6.83 | — |
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 | — | 5.03 | 3.89 | 3.35 | 5.66 | 7.14 | 5.97 | 6.46 | 5.86 | 7.20 | — |
| EV / EBITDA | 8.04 | 7.63 | 5.31 | 4.52 | 7.65 | 10.09 | 8.68 | 17.80 | 7.73 | 9.11 | — |
| EV / EBIT | 18.82 | 17.86 | 8.90 | 6.80 | 12.60 | 54.09 | 18.47 | 83.80 | 10.74 | 11.23 | — |
| EV / FCF | — | 8.21 | 5.40 | 5.52 | 7.63 | 10.88 | 13.93 | 10.87 | 12.83 | 12.80 | — |
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 | 33.1% | 33.1% | 48.4% | 55.5% | 55.1% | 48.6% | 49.6% | 54.2% | 55.3% | 57.7% | 55.8% |
| Operating Margin | 28.2% | 28.2% | 43.8% | 49.4% | 50.4% | 44.5% | 43.9% | 12.7% | 50.9% | 53.1% | 50.7% |
| Net Profit Margin | -7.2% | -7.2% | 42.4% | 34.9% | 32.1% | 1.8% | 17.0% | -9.9% | 29.1% | 30.2% | 33.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.7% | -1.7% | 10.7% | 11.2% | 12.7% | 0.6% | 5.9% | -3.5% | 9.8% | 12.1% | 12.7% |
| ROA | -1.5% | -1.5% | 9.7% | 7.5% | 5.7% | 0.3% | 2.4% | -1.5% | 4.5% | 5.2% | 5.4% |
| ROIC | 4.6% | 4.6% | 7.8% | 8.8% | 7.7% | 5.4% | 5.0% | 1.6% | 6.4% | 7.4% | 6.5% |
| ROCE | 6.3% | 6.3% | 10.6% | 11.5% | 9.9% | 7.1% | 6.7% | 2.3% | 9.1% | 9.8% | 9.6% |
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 | 0.08 | 0.08 | 0.08 | 0.06 | 1.02 | 1.24 | 1.35 | 1.39 | 1.05 | 1.27 | 1.27 |
| Debt / EBITDA | 0.50 | 0.50 | 0.41 | 0.32 | 3.59 | 4.95 | 5.60 | 9.80 | 4.63 | 4.69 | 4.58 |
| Net Debt / Equity | — | 0.08 | 0.08 | 0.05 | 0.82 | 1.08 | 1.24 | 1.29 | 0.94 | 1.11 | 1.19 |
| Net Debt / EBITDA | 0.47 | 0.47 | 0.38 | 0.28 | 2.87 | 4.32 | 5.15 | 9.09 | 4.14 | 4.11 | 4.30 |
| Debt / FCF | — | 0.50 | 0.39 | 0.34 | 2.86 | 4.66 | 8.27 | 5.55 | 6.87 | 5.78 | 5.50 |
| Interest Coverage | 15.55 | 15.55 | 32.25 | 2.93 | 3.50 | 1.15 | 2.12 | 0.41 | 2.90 | 3.73 | 3.92 |
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 | 0.37 | 0.37 | 0.45 | 0.75 | 1.37 | 0.92 | 0.68 | 0.59 | 0.34 | 1.02 | 0.80 |
| Quick Ratio | 0.31 | 0.31 | 0.42 | 0.71 | 1.35 | 0.90 | 0.66 | 0.57 | 0.33 | 1.00 | 0.77 |
| Cash Ratio | 0.06 | 0.06 | 0.09 | 0.15 | 1.26 | 0.83 | 0.56 | 0.52 | 0.28 | 0.96 | 0.67 |
| Asset Turnover | — | 0.23 | 0.25 | 0.24 | 0.18 | 0.15 | 0.14 | 0.16 | 0.14 | 0.15 | 0.15 |
| Inventory Turnover | 40.05 | 40.05 | 67.44 | 60.86 | 57.57 | 56.06 | 55.43 | 51.70 | 49.68 | 51.32 | 49.05 |
| Days Sales Outstanding | — | 22.25 | 13.71 | 22.43 | 11.00 | 12.49 | 17.79 | 6.89 | 29.35 | 4.54 | 11.99 |
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 | 13.8% | 13.8% | 29.1% | 21.2% | 0.2% | 0.2% | 8.6% | 11.5% | 12.3% | 22.9% | — |
| Payout Ratio | — | — | 248.2% | 191.4% | 1.8% | 35.2% | 122.3% | — | 115.1% | 300.1% | 188.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 11.7% | 11.1% | 7.1% | — | 3.3% | — | 8.3% | 7.0% | — |
| FCF Yield | 12.3% | 13.0% | 20.0% | 19.3% | 21.0% | 16.1% | 17.7% | 18.8% | 16.8% | 14.2% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 3.8% | 1.4% | 0.1% | 1.9% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 13.8% | 13.8% | 29.1% | 21.2% | 3.9% | 1.5% | 8.7% | 13.4% | 12.3% | 22.9% | — |
| Shares Outstanding | — | $51M | $51M | $51M | $54M | $51M | $51M | $47M | $44M | $47M | $33M |
Fleet Obsolescence and Regulatory
According to current market data, GLOP-PA trades at a forward P/E of 16.18, suggesting that investors are pricing the security more as a fixed-income instrument tied to parent credit rather than an equity vehicle, especially given the 13.9% dividend yield relative to broader maritime preferred benchmarks.
The valuation appears to be heavily influenced by the company's transition to a private subsidiary, which limits the upside potential typically associated with common equity. Investors should monitor whether the current yield adequately compensates for the regulatory risks inherent in the legacy fleet, as the market seems to be discounting the potential for future capital structure simplification.
Based on reported figures, ROIC has remained consistently low, hovering between 0.4% and 2.3% over the last ten quarters, which indicates that the company is struggling to generate meaningful economic value above its cost of capital given the heavy depreciation burden of its aging vessel fleet.
The inability to consistently drive ROIC above mid-single digits suggests that the current asset base is not compounding value effectively. This trend warrants further investigation into whether the capital allocation strategy is focused on long-term fleet renewal or merely maintaining existing assets to satisfy current charter obligations.
As reported in financial statements, the cash conversion cycle has remained remarkably tight, often dipping into negative territory, which indicates that the company maintains strong leverage over its suppliers and benefits from the prompt payment terms typical of long-term LNG time charter contracts with major energy counterparties.
This efficiency in working capital management provides a necessary buffer against the volatility of the spot market. However, the low asset turnover ratio of 0.05 suggests that the company's primary challenge remains the high capital intensity of its maritime assets rather than operational inefficiencies in the day-to-day management of the fleet.
According to quarterly data, the debt-to-equity ratio has trended downward from 1.35 in 2020Q4 to 0.93 in 2023Q1, signaling a disciplined approach to balance sheet management that appears to be a strategic priority following the merger with the parent entity, GasLog Ltd.
The improvement in the debt-to-equity ratio suggests that the company is successfully reducing its financial risk profile, which is critical for maintaining the stability of preferred distributions. While interest coverage remains volatile, the overall trend toward lower leverage appears to be a positive development for the security's long-term creditworthiness.
Based on an analysis of the business model, the most commonly misapplied metric is Net Income, which frequently obscures the company's true earning power due to non-cash impairment charges and the specific accounting treatment of dry-docking costs inherent in the LNG shipping industry.
Investors should instead focus on Distributable Cash Flow or EBITDA, as these metrics better reflect the actual cash-generating capacity of the fleet. Relying on Net Income in this context may lead to an overly pessimistic view of the company's ability to service its preferred obligations, as it fails to account for the non-cash nature of maritime asset depreciation.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying GLOP-PA stock.
GasLog Partners LP's current P/E ratio is -65.6x. The historical average is 14.8x.
GasLog Partners LP's current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.7x.
GasLog Partners LP's return on equity (ROE) is -1.7%. The historical average is 32.6%.
Based on historical data, GasLog Partners LP is trading at a P/E of -65.6x. Compare with industry peers and growth rates for a complete picture.
GasLog Partners LP's current dividend yield is 13.83%.
GasLog Partners LP has 33.1% gross margin and 28.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
GasLog Partners LP's Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.