The PE ratio for Golden Ocean Group Limited stock stands at 27.27 as of May 17, 2024. This is calculated based on the TTM EPS of $0.56 and the stock price of $15.27 per share. An increase of 149% has been observed in the PE ratio compared to its average of 11.0 of the last four quarters.
Over the last ten years, the average PE ratio of Golden Ocean Group Limited has been 14.75. The current 27.27 P/E ratio is 85% higher 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.
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 |
Currently, GOGL's PE ratio is higher than the 3, 5 and 10-year averages.
GOGL's PE ratio stands higher than its peer stocks STNG and DHT.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STNG Scorpio Tankers Inc | 7.25 | $4.08B |
| ASC Ardmore Shipping Corp | 8.5 | $925.08M |
| DHT DHT Holdings Inc | 11.9 | $2.02B |
| GOGL Golden Ocean Group Limited | 27.27 | $3.05B |
As of May 17, 2024, GOGL stock has a price to earnings ratio of 27.27.
The average PE ratio for GOGL stock over the past 3 years is 6.97.
The average PE ratio for GOGL stock over the past 5 years is 13.66.
Over the last ten years, the Jun 2019 quarter recorded the highest quarterly PE ratio at 44.69.
The current PE ratio of GOGL is 85% higher than the 10-year historical average.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 17, 2024), Golden Ocean Group Limited's share price is $15.27. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.56. Therefore, Golden Ocean Group Limited's PE ratio for today is 27.27. PE RATIO(27.27) = STOCK PRICE($15.27) / TTM EPS($0.56)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.