Latest Ratios: P/E Ratio 1.3x · EV/EBITDA 5.0x · ROE 16.7%. (2010–2025 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 | $65M | $83M | $73M | $81M | $23M | $19M | $23M | $24M | $6M | $2M | $10M |
| Enterprise Value | $239M | $257M | $50M | $68M | $112M | $59M | $59M | $30M | $-4350208 | $92M | $165M |
| P/E Ratio → | 1.29 | 1.66 | 1.74 | 1.19 | 1.17 | — | 4.35 | — | — | 0.45 | — |
| P/S Ratio | 0.77 | 0.99 | 0.83 | 0.74 | 0.30 | 0.51 | 0.54 | 0.90 | 0.24 | 0.07 | 0.30 |
| P/B Ratio | 0.20 | 0.26 | 0.26 | 0.35 | 0.15 | 0.21 | 0.23 | 0.26 | 0.06 | 0.01 | 1.00 |
| P/FCF | — | — | 5.84 | 1.44 | — | — | — | — | — | — | — |
| P/OCF | 1.30 | 1.66 | 1.22 | 1.19 | 0.67 | — | 1.72 | — | — | — | — |
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 | — | 3.05 | 0.57 | 0.63 | 1.49 | 1.62 | 1.40 | 1.12 | -0.17 | 3.87 | 4.98 |
| EV / EBITDA | 5.02 | 5.40 | 0.89 | 0.76 | 2.27 | — | 5.85 | — | — | — | — |
| EV / EBIT | 7.34 | 4.62 | 1.20 | 0.87 | 3.68 | — | 13.43 | — | — | 5.34 | — |
| EV / FCF | — | — | 4.01 | 1.22 | — | — | — | — | — | — | — |
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 | 50.3% | 50.3% | 57.3% | 62.3% | 49.5% | -6.8% | 33.8% | 31.3% | 15.3% | -36.9% | -38.9% |
| Operating Margin | 38.7% | 38.7% | 47.8% | 69.3% | 53.2% | -23.2% | 10.2% | -117.9% | -162.1% | -103.4% | -427.9% |
| Net Profit Margin | 59.4% | 59.4% | 50.0% | 63.7% | 48.3% | -26.6% | 9.0% | -119.4% | -206.9% | 16.0% | -448.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.7% | 16.7% | 17.2% | 35.7% | 29.9% | -10.5% | 4.0% | -33.8% | -46.7% | 3.4% | -90.3% |
| ROA | 11.2% | 11.2% | 14.0% | 23.6% | 16.6% | -6.4% | 2.6% | -27.8% | -31.8% | 1.5% | -42.4% |
| ROIC | 6.5% | 6.5% | 13.3% | 24.3% | 16.1% | -4.9% | 2.7% | -25.6% | -20.3% | -7.9% | -33.4% |
| ROCE | 7.7% | 7.7% | 14.0% | 27.6% | 20.2% | -6.1% | 3.2% | -28.8% | -35.6% | -17.9% | -51.6% |
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 | 0.69 | 0.69 | 0.17 | 0.24 | 0.82 | 0.57 | 0.60 | 0.34 | — | 0.74 | 1.90 |
| Debt / EBITDA | 4.67 | 4.67 | 0.85 | 0.61 | 2.60 | — | 5.72 | — | — | — | — |
| Net Debt / Equity | — | 0.54 | -0.08 | -0.05 | 0.57 | 0.46 | 0.37 | 0.06 | -0.11 | 0.69 | 1.71 |
| Net Debt / EBITDA | 3.66 | 3.66 | -0.41 | -0.14 | 1.81 | — | 3.60 | — | — | — | — |
| Debt / FCF | — | — | -1.83 | -0.22 | — | — | — | — | — | — | — |
| Interest Coverage | 9.86 | 9.86 | 31.09 | 8.23 | 7.67 | -4.61 | 2.10 | -9.72 | -0.70 | 1.25 | -20.01 |
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 | 2.22 | 2.22 | 5.29 | 5.21 | 2.05 | 1.28 | 2.63 | 4.63 | 3.67 | 0.26 | 0.14 |
| Quick Ratio | 2.18 | 2.18 | 5.26 | 5.06 | 1.93 | 1.00 | 2.44 | 4.28 | 3.45 | 0.24 | 0.12 |
| Cash Ratio | 1.84 | 1.84 | 4.73 | 4.38 | 1.48 | 0.63 | 1.98 | 3.27 | 3.67 | 0.07 | 0.14 |
| Asset Turnover | — | 0.15 | 0.26 | 0.37 | 0.26 | 0.25 | 0.27 | 0.21 | 0.26 | 0.10 | 0.12 |
| Inventory Turnover | 44.11 | 44.11 | 68.00 | 18.62 | 12.50 | 9.09 | 16.19 | 6.48 | 34.17 | 19.54 | 17.87 |
| Days Sales Outstanding | — | 27.29 | 24.25 | 27.74 | 44.23 | 37.93 | 30.41 | 54.18 | 1.57 | 6.56 | 5.18 |
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 | 2.9% | 2.2% | 2.5% | 2.3% | 4.1% | — | 2.2% | — | — | — | 3.7% |
| Payout Ratio | 3.7% | 3.7% | 4.2% | 2.7% | 2.6% | — | 13.3% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 77.6% | 60.1% | 57.5% | 84.1% | 85.3% | — | 23.0% | — | — | 220.2% | — |
| FCF Yield | — | — | 17.1% | 69.5% | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 3.4% | 0.0% | 0.0% | 11.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.9% | 2.2% | 2.5% | 5.7% | 4.1% | 0.0% | 13.6% | 0.0% | 0.0% | 0.0% | 3.7% |
| Shares Outstanding | — | $39M | $39M | $36M | $6M | $335086 | $329704 | $190978 | $63003 | $2849 | $10 |
High fleet concentration volatility
According to current market data, PSHG trades at a P/B ratio of 0.20, a valuation level that suggests investors are heavily discounting the company's net asset value due to concerns regarding historical dilution and the sustainability of its current earnings power in a cyclical tanker market.
The P/E ratio of 1.32 appears exceptionally low, yet this likely reflects a market expectation that current profitability is non-recurring rather than a signal of an undervalued growth opportunity. Investors should monitor whether this valuation gap persists as a permanent feature of the company's dual-class share structure or if it represents a temporary mispricing of the underlying fleet value.
Based on reported financial statements, PSHG's ROIC has fluctuated between 1.3% and 8.7% over the last ten quarters, indicating that the company struggles to consistently compound capital in an industry where returns are dictated by volatile charter rates rather than internal operational efficiency.
The wide variance in ROIC suggests that the company's ability to generate returns is highly sensitive to the timing of vessel acquisitions and sales. The recent decline to 1.8% in 2025Q4 warrants further investigation into whether the current asset base is being utilized effectively or if the capital is becoming trapped in underperforming segments.
As indicated by the company's quarterly filings, the cash conversion cycle has swung from negative 5 days to positive 11 days, reflecting the inherent difficulty in managing working capital when revenue is derived from a mix of unpredictable spot voyages and time charters.
The low asset turnover ratio of 0.05 suggests that the company is highly capital-intensive, requiring significant investment to maintain its five-vessel fleet. This lack of efficiency implies that PSHG may struggle to improve its margins through operational optimization alone, as its cost structure remains largely fixed regardless of the speed of its cash collection.
According to recent SEC filings, PSHG maintains a debt-to-equity ratio of 0.69%, which appears to provide a significant buffer against interest rate volatility compared to more highly leveraged peers in the maritime shipping sector who face greater pressure from rising debt service costs.
While the low leverage profile is a positive indicator of balance sheet health, it may also suggest that the company is not utilizing its borrowing capacity to optimize its capital structure. Investors should monitor whether this conservative stance is a deliberate strategy to preserve dry powder for future acquisitions or a limitation imposed by the company's historical financing challenges.
The P/E ratio is the most commonly misapplied metric for PSHG, as it obscures the reality that the company's earnings are frequently inflated by non-operating gains from asset sales rather than sustainable cash flow generated from its core Aframax tanker operations.
Analysts should instead focus on Net Asset Value (NAV) and cash flow from operations, as these metrics provide a more accurate picture of the company's true economic value. Relying on P/E multiples in this context may lead to a false sense of security regarding the company's ability to maintain its current profitability levels through the next cycle.
Includes 30+ ratios · 16 years · Updated daily
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Quick answers to the most common questions about buying PSHG stock.
Performance Shipping Inc.'s current P/E ratio is 1.3x. The historical average is 1.7x. This places it at the 56th percentile of its historical range.
Performance Shipping Inc.'s current EV/EBITDA is 5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.2x.
Performance Shipping Inc.'s return on equity (ROE) is 16.7%. The historical average is -6.6%.
Based on historical data, Performance Shipping Inc. is trading at a P/E of 1.3x. This is at the 56th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Performance Shipping Inc.'s current dividend yield is 2.85% with a payout ratio of 3.7%.
Performance Shipping Inc. has 50.3% gross margin and 38.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Performance Shipping Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.