Latest Ratios: P/E Ratio 3.8x · EV/EBITDA 2.7x · ROE 10.5%. (1997–2025 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 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $183M | $131M | $99M | $61M | $31M | $10M | — | — | — | — | — |
| Enterprise Value | $177M | $125M | $32M | $-31381752 | $50M | $35M | — | — | — | — | — |
| P/E Ratio → | 3.78 | 2.81 | 2.15 | 0.90 | 1.26 | — | — | — | — | — | — |
| P/S Ratio | 1.14 | 0.81 | 0.67 | 0.33 | 0.32 | 0.59 | — | — | — | — | — |
| P/B Ratio | 0.33 | 0.25 | 0.24 | 0.17 | 0.11 | 0.11 | — | — | — | — | — |
| P/FCF | 2.32 | 1.66 | 32.87 | 1.18 | — | 2.01 | — | — | — | — | — |
| P/OCF | 2.27 | 1.62 | 1.28 | 0.76 | 0.76 | 1.95 | — | — | — | — | — |
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 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.78 | 0.21 | -0.17 | 0.52 | 2.00 | — | — | — | — | — |
| EV / EBITDA | 2.69 | 1.90 | 0.52 | -0.38 | 1.19 | 6.68 | — | — | — | — | — |
| EV / EBIT | 4.44 | 2.40 | 0.63 | -0.43 | 1.61 | — | — | — | — | — | — |
| EV / FCF | — | 1.59 | 10.47 | -0.61 | — | 6.80 | — | — | — | — | — |
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 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.7% | 28.7% | 34.2% | 39.9% | 33.6% | -13.5% | 1.8% | 2.4% | 12.0% | 9.4% | 7.8% |
| Operating Margin | 24.8% | 24.8% | 29.9% | 35.9% | 30.7% | -20.1% | -1.7% | -2.8% | 7.3% | -301.8% | -40.9% |
| Net Profit Margin | 31.0% | 31.0% | 34.0% | 38.7% | 30.4% | -21.0% | -1.9% | -2.8% | 5.5% | -314.9% | 1008.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.5% | 10.5% | 12.8% | 22.1% | 15.6% | -3.2% | -0.3% | -0.5% | — | — | 1208.3% |
| ROA | 10.0% | 10.0% | 12.1% | 19.1% | 11.9% | -2.7% | -0.3% | -0.5% | 45.8% | -219.0% | 229.2% |
| ROIC | 6.8% | 6.8% | 10.6% | 17.3% | 10.6% | -2.1% | -0.2% | -0.4% | 129.3% | -479.5% | -13.8% |
| ROCE | 8.4% | 8.4% | 11.3% | 18.7% | 12.9% | -2.7% | -0.3% | -0.5% | — | — | -33.6% |
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 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.00 | — | 0.25 | 0.29 | — | — | — | — | 0.59 |
| Debt / EBITDA | — | — | 0.00 | — | 1.66 | 5.36 | — | — | 1.32 | — | — |
| Net Debt / Equity | — | -0.01 | -0.16 | -0.25 | 0.07 | 0.25 | -0.05 | -0.06 | — | — | 0.51 |
| Net Debt / EBITDA | -0.09 | -0.09 | -1.11 | -1.13 | 0.45 | 4.71 | -0.78 | -1.07 | 1.30 | — | — |
| Debt / FCF | — | -0.07 | -22.40 | -1.79 | — | 4.80 | -0.79 | -1.03 | 5.13 | — | — |
| Interest Coverage | 22.51 | 22.51 | 126.92 | 40.04 | 19.33 | -24.10 | -38.37 | -48.02 | 4.82 | -39.75 | 7.74 |
Net cash position: cash ($6M) exceeds total debt ($0)
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 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 11.99 | 11.99 | 7.92 | 12.61 | 5.52 | 0.70 | 2.32 | 4.78 | 0.16 | 0.03 | 0.07 |
| Quick Ratio | 11.71 | 11.71 | 7.67 | 12.11 | 5.30 | 0.67 | 2.12 | 4.71 | 0.16 | 0.03 | 0.07 |
| Cash Ratio | 10.79 | 10.79 | 7.17 | 8.54 | 4.88 | 0.39 | 1.59 | 4.57 | 0.01 | 0.00 | 0.04 |
| Asset Turnover | — | 0.29 | 0.33 | 0.49 | 0.26 | 0.14 | 0.15 | 0.09 | 8.23 | 0.43 | 0.34 |
| Inventory Turnover | 24.32 | 24.32 | 13.29 | 15.14 | 11.69 | 76.13 | 23.84 | 98.94 | 2414.61 | 36.80 | — |
| Days Sales Outstanding | — | 31.47 | 33.30 | 102.13 | 30.27 | 36.90 | 11.97 | 4.96 | 3.09 | 7.82 | 20.71 |
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 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 1.3% | 1.7% | 3.5% | 5.6% | 100.0% | — | — | — | — | — |
| Payout Ratio | — | — | 3.5% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2011 | FY 2010 | FY 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 26.5% | 35.6% | 46.5% | 111.0% | 79.6% | — | — | — | — | — | — |
| FCF Yield | 43.2% | 60.3% | 3.0% | 84.9% | — | 49.9% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 2.5% | 9.7% | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 1.0% | 1.3% | 4.3% | 13.2% | 5.6% | 100.0% | — | — | — | — | — |
| Shares Outstanding | — | $36M | $33M | $23M | $9M | $318351 | $318351 | $3M | $2M | $1M | $1M |
Equity-funded fleet dilution
According to current market data, IMPP trades at a P/B ratio of 0.33, suggesting that investors are pricing the company at a significant discount to its net asset value, likely reflecting persistent skepticism regarding governance and the potential for future equity-based dilution of existing shareholders.
The forward P/E of 2.00 implies that the market expects a sharp contraction in earnings, likely pricing in the cyclical nature of spot tanker rates. This valuation gap warrants investigation into whether the market is correctly discounting the company's cash-generating potential or if the discount is a structural response to the company's history of aggressive capital recycling.
As reported in financial statements, the company's ROIC has remained in the low single digits, peaking at 4.0% in 2024Q2, which indicates that the firm is currently struggling to generate returns that meaningfully exceed its cost of capital despite the rapid expansion of its total fleet size.
The trend in ROIC suggests that while the company is successfully scaling its asset base, the incremental returns on these new vessels are not yet compounding effectively. Investors should monitor whether management can improve operational efficiency to drive higher returns, or if the current capital allocation strategy will continue to dilute the overall return profile.
Based on the provided quarterly data, the cash conversion cycle has fluctuated significantly, reaching 19 days in 2026Q1 from a high of 153 days in 2023Q4, which suggests an improvement in the company's ability to manage its receivables and payables amidst volatile market conditions.
The reduction in the cash conversion cycle appears to indicate better operational discipline in collecting on spot charters. However, given the high fixed-cost nature of the shipping industry, this efficiency gain may be temporary and highly sensitive to the specific mix of time-charter versus spot-market contracts held during any given period.
According to recent SEC filings, the company maintains a D/E ratio of 0.00, providing a fortress-like balance sheet that stands in stark contrast to more leveraged peers in the shipping sector, thereby reducing the immediate risk of insolvency during periods of depressed freight rates.
The lack of debt service obligations allows the company to navigate cyclical downturns without the pressure of covenant breaches. While this provides a safety buffer, it also suggests that the company's growth is entirely dependent on equity markets, which may limit its ability to optimize its capital structure for long-term shareholder value.
The P/E ratio is frequently misapplied to IMPP, as it obscures the impact of non-operating income and the cyclical volatility inherent in the tanker shipping industry, which can lead to misleading conclusions about the company's sustainable earnings power and long-term valuation prospects.
Analysts should instead focus on Net Asset Value (NAV) and Price-to-Cash-Flow metrics to better assess the company's underlying value. Relying on P/E ratios in this context fails to account for the significant depreciation charges and the potential for one-off gains that frequently distort the bottom-line figures for this specific business model.
Includes 30+ ratios · 22 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying IMPP stock.
Imperial Petroleum Inc.'s current P/E ratio is 3.8x. The historical average is 1.8x. This places it at the 100th percentile of its historical range.
Imperial Petroleum Inc.'s current EV/EBITDA is 2.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.6x.
Imperial Petroleum Inc.'s return on equity (ROE) is 10.5%. The historical average is -63.9%.
Based on historical data, Imperial Petroleum Inc. is trading at a P/E of 3.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Imperial Petroleum Inc.'s current dividend yield is 0.98%.
Imperial Petroleum Inc. has 28.7% gross margin and 24.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.