GOGL Golden Ocean Group Limited PE ratio, current and historical analysis
The PE ratio for Golden Ocean Group Limited stock stands at 10.46 as of Nov 21, 2024. This is calculated based on the TTM EPS of $1.07 and the stock price of $11.19 per share. A decrease of 27% has been observed in the PE ratio compared to its average of 14.3 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 14.63. The current 10.46 P/E ratio is 29% 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 higher than the 3 and 5-year averages, but it is lower than its 10-year average.
GOGL PE vs peers
GOGL's PE ratio stands higher than its peer stocks STNG and DHT. Golden Ocean Group Limited's current PE ratio of 10.46 is higher than the average of its peers, which is 5.13.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GASS StealthGas Inc | 3.23 | $211.62M |
| ASC Ardmore Shipping Corp | 3.3 | $500.99M |
| STNG Scorpio Tankers Inc | 3.63 | $2.54B |
| DHT DHT Holdings Inc | 10.37 | $1.67B |
| GOGL Golden Ocean Group Limited | 10.46 | $2.24B |
Frequently asked questions
What is Golden Ocean Group Limited's PE ratio?
As of Nov 21, 2024, GOGL stock has a price to earnings ratio of 10.46.
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 7.97.
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 9.88.
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 29% lower than the 10-year historical average.
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 (Nov 21, 2024), Golden Ocean Group Limited's share price is $11.19. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $1.07. Therefore, Golden Ocean Group Limited's PE ratio for today is 10.46. PE RATIO(10.46) = STOCK PRICE($11.19) / TTM EPS($1.07)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.