Latest Ratios: P/E Ratio 149.4x · EV/EBITDA 13.9x · ROE 1.9%. (2001–2025 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 | $2.5B | $2.5B | $2.6B | $2.4B | $2.0B | $2.3B | $2.1B | $2.0B | $1.7B | $2.0B | — |
| Enterprise Value | $5.1B | $5.1B | $5.3B | $5.0B | $4.9B | $4.9B | $4.7B | $5.1B | $4.9B | $4.5B | — |
| P/E Ratio → | 149.41 | 149.94 | — | 8.71 | 10.04 | 10.74 | 34.33 | 16.28 | 665.85 | 98.16 | — |
| P/S Ratio | 3.98 | 4.00 | 3.70 | 3.35 | 3.18 | 3.83 | 3.52 | 3.37 | 3.41 | 4.53 | — |
| P/B Ratio | 1.16 | 1.16 | 1.14 | 19.71 | 16.54 | 185.39 | — | — | 33.50 | 34.43 | — |
| P/FCF | 11.99 | 12.04 | 19.13 | 11.34 | 11.77 | 14.59 | 3.45 | 9.95 | — | — | — |
| P/OCF | 9.30 | 9.34 | 6.66 | 6.71 | 7.17 | 11.51 | 3.39 | 6.72 | 13.29 | 10.07 | — |
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 | — | 8.01 | 7.41 | 6.89 | 7.83 | 8.12 | 7.97 | 8.55 | 9.52 | 10.45 | — |
| EV / EBITDA | 13.85 | 13.88 | 109.33 | 10.86 | 15.99 | 12.86 | 13.23 | 11.80 | 17.87 | 17.79 | — |
| EV / EBIT | 22.76 | 26.25 | 65.72 | 9.71 | 12.64 | 12.74 | 20.16 | 15.28 | 30.70 | 34.62 | — |
| EV / FCF | — | 24.13 | 38.28 | 23.32 | 28.98 | 30.93 | 7.81 | 25.25 | — | — | — |
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 | 40.5% | 40.5% | 44.7% | 43.8% | 43.1% | 52.6% | 51.4% | 51.8% | 45.6% | 49.9% | 53.1% |
| Operating Margin | 35.1% | 35.1% | -13.3% | 43.4% | 28.4% | 41.2% | 38.2% | 49.8% | 28.9% | 34.4% | 38.6% |
| Net Profit Margin | 6.7% | 6.7% | -9.6% | 41.9% | 35.9% | 40.6% | 14.8% | 25.4% | 5.6% | 7.8% | 35.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.9% | 1.9% | -5.6% | 250.0% | 338.5% | 1964.9% | — | 610.7% | 52.1% | 70.5% | 452.7% |
| ROA | 0.8% | 0.8% | -1.2% | 5.3% | 4.2% | 5.0% | 1.7% | 2.8% | 0.5% | 0.7% | 3.4% |
| ROIC | 3.5% | 3.5% | -1.9% | 8.3% | 4.7% | 7.2% | 6.0% | 7.1% | 3.8% | 4.7% | 5.6% |
| ROCE | 4.8% | 4.8% | -1.9% | 6.2% | 3.8% | 5.6% | 5.1% | 6.2% | 3.2% | 3.7% | 4.0% |
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 | 1.23 | 1.23 | 1.21 | 22.18 | 26.00 | 215.03 | — | — | 62.78 | 49.41 | 55.32 |
| Debt / EBITDA | 7.33 | 7.33 | 57.87 | 5.94 | 10.21 | 7.04 | 7.96 | 7.51 | 12.01 | 11.05 | 8.78 |
| Net Debt / Equity | — | 1.17 | 1.14 | 20.81 | 24.20 | 207.57 | — | — | 59.92 | 45.11 | 52.12 |
| Net Debt / EBITDA | 6.95 | 6.95 | 54.68 | 5.58 | 9.50 | 6.79 | 7.38 | 7.15 | 11.46 | 10.09 | 8.27 |
| Debt / FCF | — | 12.09 | 19.14 | 11.98 | 17.22 | 16.34 | 4.36 | 15.30 | — | — | — |
| Interest Coverage | 1.18 | 1.18 | 0.45 | 2.75 | 2.82 | 3.21 | 1.76 | 2.05 | 1.23 | 1.61 | 3.70 |
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 | 0.42 | 0.42 | 0.61 | 0.70 | 0.55 | 0.59 | 0.50 | 0.71 | 0.91 | 0.42 | 0.92 |
| Quick Ratio | 0.42 | 0.42 | 0.61 | 0.74 | 0.55 | 0.49 | 0.47 | 0.63 | 0.77 | 0.40 | 0.89 |
| Cash Ratio | 0.22 | 0.22 | 0.37 | 0.43 | 0.29 | 0.29 | 0.42 | 0.52 | 0.46 | 0.31 | 0.74 |
| Asset Turnover | — | 0.12 | 0.13 | 0.13 | 0.11 | 0.12 | 0.12 | 0.11 | 0.09 | 0.09 | 0.09 |
| Inventory Turnover | — | — | — | — | — | 7.60 | 16.30 | 4.45 | 5.88 | 9.27 | 17.40 |
| Days Sales Outstanding | — | 17.55 | 14.92 | 15.70 | 34.27 | 27.78 | 4.71 | 174.50 | 23.89 | 28.14 | 170.61 |
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 | 4.9% | 4.9% | 10.5% | 3.1% | 1.3% | 5.4% | 5.0% | 4.1% | 4.0% | 2.9% | — |
| Payout Ratio | 294.9% | 294.9% | — | 24.6% | 11.4% | 51.2% | 119.5% | 53.9% | 248.0% | 166.8% | 32.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.7% | 0.7% | — | 11.5% | 10.0% | 9.3% | 2.9% | 6.1% | 0.2% | 1.0% | — |
| FCF Yield | 8.3% | 8.3% | 5.2% | 8.8% | 8.5% | 6.9% | 29.0% | 10.0% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.2% | 0.1% | 0.0% | 0.8% | 1.3% | 0.2% | 0.0% | — |
| Total Shareholder Yield | 4.9% | 4.9% | 10.5% | 3.2% | 1.4% | 5.4% | 5.8% | 5.3% | 4.3% | 2.9% | — |
| Shares Outstanding | — | $100M | $100M | $100M | $89M | $87M | $83M | $78M | $80M | $80M | $80M |
Liquidity and leverage constraints
According to recent market data, Seapeak's forward P/E of 13.77 suggests investors are pricing the entity as a stable infrastructure utility, yet this valuation appears disconnected from the underlying volatility in net margins and the significant debt-related interest expenses that continue to weigh on reported earnings.
The current EV/EBITDA multiple of 13.88 reflects a premium compared to more speculative shipping peers, likely due to the long-term nature of its charter backlog. However, investors should monitor whether this valuation is sustainable given the contracting revenue base and the potential for future vessel obsolescence to erode the terminal value of the fleet.
Based on reported figures, Seapeak's ROIC has struggled to maintain positive territory, frequently dipping toward zero or negative levels, which indicates that the company's massive capital investment in its maritime fleet is failing to generate returns that exceed the cost of the debt used to finance it.
The persistent decay in ROIC suggests that the company is trapped in a cycle of high capital intensity where maintenance and dry-docking costs consume the majority of operating cash flow. This trend warrants further investigation into whether the current fleet composition can ever achieve the efficiency levels required to drive meaningful shareholder value.
As reported in financial statements, Seapeak's asset turnover ratio remains stagnant at 0.03, highlighting a structural inability to generate significant revenue relative to its massive asset base, which is a common characteristic of capital-heavy midstream energy businesses that rely on long-term, fixed-rate contract structures.
The lack of improvement in asset turnover suggests that the company is not effectively sweating its assets to drive growth. Investors should monitor whether the recent expansion into the ethane market will improve this metric or simply add further complexity to an already strained working capital cycle.
According to quarterly filings, Seapeak's current ratio has deteriorated to 0.30, a level that appears highly vulnerable and suggests the company lacks the necessary liquid assets to comfortably cover its short-term obligations without relying on external financing or the support of its private equity sponsor.
This liquidity profile is particularly concerning given the cyclical nature of the shipping industry and the potential for unexpected maintenance costs. The reliance on external capital to bridge these gaps may increase the company's sensitivity to interest rate fluctuations and credit market tightening.
Based on an analysis of the company's capital structure, the reported debt-to-equity ratio is frequently misapplied by analysts who fail to account for the unique accounting treatment of preferred units and joint venture debt, which obscures the true leverage profile of the vessel-owning subsidiaries.
Using a standard D/E ratio for Seapeak is misleading because it ignores the off-balance-sheet nature of significant joint venture liabilities. Analysts should instead focus on debt-to-EBITDA or interest coverage ratios to gain a more accurate understanding of the company's actual ability to service its debt obligations.
Includes 30+ ratios · 25 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 SEAL-PB stock.
Seapeak LLC's current P/E ratio is 149.4x. The historical average is 46.9x. This places it at the 86th percentile of its historical range.
Seapeak LLC's current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
Seapeak LLC's return on equity (ROE) is 1.9%. The historical average is 61.5%.
Based on historical data, Seapeak LLC is trading at a P/E of 149.4x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Seapeak LLC's current dividend yield is 4.93% with a payout ratio of 294.9%.
Seapeak LLC has 40.5% gross margin and 35.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Seapeak LLC's Debt/EBITDA ratio is 7.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.