Latest Ratios: P/E Ratio 9.5x · EV/EBITDA 0.1x · ROE 4.8%. (1996–2025 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 | $932M | $777M | $646M | $691M | $464M | $321M | $217M | $536M | $333M | $805M | $636M |
| Enterprise Value | $37M | $-117910140 | $27M | $438M | $764M | $1.2B | $1.1B | $5.1B | $5.0B | $5.0B | $7.1B |
| P/E Ratio → | 9.48 | 7.99 | 4.88 | 4.64 | 5.97 | 39.25 | — | — | — | — | — |
| P/S Ratio | 0.98 | 0.82 | 0.53 | 0.47 | 0.39 | 0.47 | 0.12 | 0.28 | 0.19 | 0.43 | 0.27 |
| P/B Ratio | 0.43 | 0.36 | 0.33 | 0.38 | 0.34 | 0.13 | 0.09 | 0.21 | 0.12 | 0.28 | 0.16 |
| P/FCF | 8.59 | 7.16 | 1.65 | 1.12 | 2.52 | 5.88 | 0.23 | 1.96 | — | — | — |
| P/OCF | 3.09 | 2.58 | 1.38 | 1.10 | 2.33 | 4.22 | 0.22 | 1.40 | 1.83 | 1.57 | 1.02 |
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 | — | -0.12 | 0.02 | 0.30 | 0.64 | 1.80 | 0.60 | 2.64 | 2.91 | 2.65 | 3.05 |
| EV / EBITDA | 0.13 | -0.40 | 0.06 | 0.70 | 2.22 | — | 5.39 | 113.27 | 11.30 | 10.12 | 7.43 |
| EV / EBIT | 0.18 | -0.57 | 0.06 | 0.79 | 3.06 | — | 15.44 | — | 23.03 | — | 18.02 |
| EV / FCF | — | -1.09 | 0.07 | 0.71 | 4.16 | 22.51 | 1.13 | 18.51 | — | — | — |
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 | 27.5% | 27.5% | 32.3% | 39.6% | 24.6% | -7.3% | 30.8% | 24.3% | 18.7% | 20.7% | 27.6% |
| Operating Margin | 21.8% | 21.8% | 29.9% | 36.3% | 20.6% | -27.2% | 3.9% | -5.7% | 9.6% | 0.4% | 16.5% |
| Net Profit Margin | 10.3% | 10.3% | 11.0% | 10.3% | 6.6% | 1.1% | -4.6% | -16.2% | -4.6% | -8.7% | -5.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.8% | 4.8% | 7.2% | 9.5% | 4.1% | 0.3% | -3.3% | -11.4% | -2.8% | -4.7% | -3.2% |
| ROA | 4.3% | 4.3% | 6.2% | 6.9% | 1.8% | 0.1% | -1.1% | -3.8% | -1.0% | -1.6% | -1.0% |
| ROIC | 12.0% | 12.0% | 19.1% | 24.8% | 7.4% | -4.2% | 1.0% | -1.1% | 1.7% | 0.1% | 2.7% |
| ROCE | 9.7% | 9.7% | 18.1% | 26.9% | 9.6% | -4.0% | 1.1% | -1.5% | 2.3% | 0.1% | 3.4% |
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 | 0.02 | 0.02 | 0.03 | 0.13 | 0.45 | 0.42 | 0.40 | 1.90 | 1.77 | 1.61 | 1.72 |
| Debt / EBITDA | 0.16 | 0.16 | 0.14 | 0.36 | 1.77 | — | 4.95 | 109.19 | 11.50 | 9.39 | 7.36 |
| Net Debt / Equity | — | -0.41 | -0.32 | -0.14 | 0.22 | 0.37 | 0.35 | 1.76 | 1.62 | 1.45 | 1.58 |
| Net Debt / EBITDA | -3.05 | -3.05 | -1.35 | -0.40 | 0.87 | — | 4.31 | 101.29 | 10.54 | 8.49 | 6.76 |
| Debt / FCF | — | -8.25 | -1.58 | -0.41 | 1.63 | 16.63 | 0.91 | 16.55 | — | — | — |
| Interest Coverage | 71.35 | 71.35 | 54.30 | 19.91 | 6.47 | -3.13 | 0.79 | -1.75 | 0.85 | -0.79 | 1.39 |
Net cash position: cash ($941M) exceeds total debt ($46M)
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 | 8.89 | 8.89 | 6.99 | 5.33 | 3.55 | 1.54 | 0.76 | 0.98 | 1.31 | 0.61 | 0.78 |
| Quick Ratio | 8.67 | 8.67 | 6.65 | 5.03 | 3.28 | 1.52 | 0.76 | 0.98 | 1.31 | 0.61 | 0.78 |
| Cash Ratio | 7.23 | 7.23 | 5.41 | 3.78 | 2.24 | 0.04 | 0.14 | 0.54 | 0.64 | 0.33 | 0.44 |
| Asset Turnover | — | 0.40 | 0.57 | 0.67 | 0.55 | 0.10 | 0.26 | 0.24 | 0.20 | 0.23 | 0.18 |
| Inventory Turnover | 23.40 | 23.40 | 17.97 | 16.62 | 14.75 | 14.93 | — | — | — | — | — |
| Days Sales Outstanding | — | 51.96 | 42.15 | 46.80 | 68.62 | 55.86 | 38.90 | 58.30 | 77.69 | 51.90 | 46.30 |
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 | 9.3% | 11.0% | 13.2% | — | — | 23.5% | 14.6% | 1.0% | 6.6% | 2.4% | 2.7% |
| Payout Ratio | 86.9% | 86.9% | 63.6% | — | — | 964.6% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.6% | 12.5% | 20.5% | 21.5% | 16.7% | 2.5% | — | — | — | — | — |
| FCF Yield | 11.6% | 14.0% | 60.6% | 89.7% | 39.6% | 17.0% | 440.7% | 51.1% | — | — | — |
| Buyback Yield | 0.5% | 0.6% | 18.0% | 8.0% | 4.5% | 1.5% | 0.0% | 4.8% | 100.0% | 2.4% | 0.0% |
| Total Shareholder Yield | 9.8% | 11.6% | 31.1% | 8.0% | 4.5% | 25.0% | 14.6% | 5.8% | 100.0% | 4.8% | 2.7% |
| Shares Outstanding | — | $86M | $93M | $97M | $102M | $102M | $101M | $101M | $100M | $86M | $79M |
Capital allocation and obsolescence
Based on current market data, Teekay trades at a P/B of 0.43, which suggests that the market is applying a significant conglomerate discount to the company's net asset value, likely reflecting investor skepticism regarding the parent company's future capital deployment strategy compared to pure-play tanker peers.
The P/E of 9.51 appears artificially low when contrasted with the forward P/E of 48.86, indicating that the market expects a sharp decline in earnings as the current fleet cycle matures. Investors should monitor whether this valuation gap narrows as management clarifies its intent for the substantial cash reserves currently sitting on the balance sheet.
As reported in recent financial statements, Teekay's ROIC has trended downward from 7.9% in 2023Q1 to 3.2% in 2025Q2, signaling that the company is struggling to maintain its historical compounding ability as it divests older assets and shifts its operational focus.
The compression in ROIC suggests that the remaining capital base is generating lower marginal returns, which may be a byproduct of the transition away from the previous MLP structure. This trend warrants further investigation into whether the current asset base can support long-term value creation without significant reinvestment.
According to quarterly filings, Teekay's cash conversion cycle has remained relatively stable, fluctuating between 32 and 70 days over the last ten quarters, which suggests that the company maintains consistent control over its receivables and payables despite the broader contraction in its revenue base.
The DSO of 45 days in 2025Q2 indicates that the company continues to collect on its service contracts effectively, providing a reliable cash inflow stream. However, the low asset turnover of 0.11 reflects the capital-intensive nature of the business and the current underutilization of the fleet relative to historical peaks.
Based on the latest balance sheet data, Teekay has achieved a negligible debt-to-equity ratio of 0.02, a stark improvement from 0.32 in 2023Q2, which positions the company as a unique outlier in the energy shipping sector where high leverage is the industry norm.
The interest coverage ratio of 51.76 in 2025Q2 confirms that debt service is no longer a material risk to the company's solvency. This financial flexibility appears to be a deliberate strategic choice, potentially intended to facilitate opportunistic acquisitions during future industry downturns.
The P/E ratio is the most commonly misapplied metric for Teekay, as it fails to account for the significant non-operating interest income generated by the company's $941 million cash pile and the frequent, distorting impact of vessel impairment charges on net income.
Investors should instead focus on Net Asset Value (NAV) and EV/EBITDA, as these metrics better capture the underlying value of the fleet and the company's service infrastructure. Relying on P/E in this context risks misinterpreting accounting volatility as a reflection of the company's true operational earning power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying TK stock.
Teekay Corporation's current P/E ratio is 9.5x. The historical average is 15.1x. This places it at the 50th percentile of its historical range.
Teekay Corporation's current EV/EBITDA is 0.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.8x.
Teekay Corporation's return on equity (ROE) is 4.8%. The historical average is 4.4%.
Based on historical data, Teekay Corporation is trading at a P/E of 9.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Teekay Corporation's current dividend yield is 9.25% with a payout ratio of 86.9%.
Teekay Corporation has 27.5% gross margin and 21.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Teekay Corporation's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.