GOGL Golden Ocean Group Limited PE ratio, current and historical analysis
The PE ratio for Golden Ocean Group Limited stock stands at 8.19 as of Dec 5, 2024. This is calculated based on the TTM EPS of $1.21 and the stock price of $9.91 per share. A decrease of 41% has been observed in the PE ratio compared to its average of 13.8 of the last four quarters.
GOGL PE ratio history
Over the last ten years, the average PE ratio of Golden Ocean Group Limited has been 14.49. The current 8.19 P/E ratio is 43% lower than the historical average. Looking back at the last ten years, GOGL's PE ratio peaked in the Jun 2019 quarter at 44.69, with a price of $5.81 and an EPS of $0.13. The Sep 2022 quarter marked the lowest point at 2.5, with a price of $7.47 and an EPS of $2.99.
Golden Ocean Group Limited PE ratio by year
Maximum annual increase: 361.11% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 17.43 | 361.11% |
| 2022 | 3.78 | 11.5% |
| 2021 | 3.39 | N/A |
| 2020 | N/A | N/A |
| 2019 | 22.35 | 114.08% |
| 2018 | 10.44 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 14.9 | N/A |
GOGL average PE ratio chart
Currently, GOGL's PE ratio is lower than its 3, 5 and 10-year averages.
GOGL PE vs peers
GOGL's PE ratio stands lower than its peer stock DHT, but it is higher than STNG's and ASC's. Golden Ocean Group Limited's current PE ratio of 8.19 is higher than the average of its peers, which is 4.77.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GASS StealthGas Inc | 2.9 | $181.67M |
| ASC Ardmore Shipping Corp | 3.15 | $477.81M |
| STNG Scorpio Tankers Inc | 3.34 | $2.33B |
| GOGL Golden Ocean Group Limited | 7.96 | $1.93B |
| DHT DHT Holdings Inc | 9.44 | $1.52B |
Frequently asked questions
What is Golden Ocean Group Limited's PE ratio?
As of Dec 5, 2024, GOGL stock has a price to earnings ratio of 8.19.
What is the 3-year average PE ratio for Golden Ocean Group Limited (GOGL)?
The average PE ratio for GOGL stock over the past 3 years is 8.23.
What is the 5-year average PE ratio for Golden Ocean Group Limited (GOGL)?
The average PE ratio for GOGL stock over the past 5 years is 9.96.
What is the highest PE ratio for GOGL?
Over the last ten years, the Jun 2019 quarter recorded the highest quarterly PE ratio at 44.69.
How does the current PE ratio for GOGL compare to its historical average?
The current PE ratio of GOGL is 43% lower than the 10-year historical average.
Why is Golden Ocean Group Limited's PE ratio so low?
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
How is GOGL's PE ratio calculated (Golden Ocean Group Limited PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Dec 5, 2024), Golden Ocean Group Limited's share price is $9.91. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $1.21. Therefore, Golden Ocean Group Limited's PE ratio for today is 8.19. PE RATIO(8.19) = STOCK PRICE($9.91) / TTM EPS($1.21)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.