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GOGL Golden Ocean Group Limited PE ratio, current and historical analysis

The PE ratio for Golden Ocean Group Limited stock stands at 25.27 as of May 22, 2024. This is calculated based on the TTM EPS of $0.56 and the stock price of $14.15 per share. An increase of 131% has been observed in the PE ratio compared to its average of 11.0 of the last four quarters.

GOGL PE ratio history

How has GOGL's PE ratio performed in the past

Over the last ten years, the average PE ratio of Golden Ocean Group Limited has been 14.75. The current 25.27 P/E ratio is 71% 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.

Average
14.75
Median
11.36
Minimum
2.5
Maximum
44.69

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

What is the average PE ratio of GOGL for the past years

Currently, GOGL's PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
6.97
5-year avg
13.66
10-year avg
14.75
15-year avg
14.23

GOGL PE vs peers

What is GOGL's PE ratio compared to its peers

GOGL's PE ratio stands higher than its peer stocks STNG and DHT.

Stock name PE ratio Market cap
STNG Scorpio Tankers Inc 7.22 $4.06B
ASC Ardmore Shipping Corp 8.74 $951.14M
DHT DHT Holdings Inc 11.79 $2B
GOGL Golden Ocean Group Limited 25.27 $2.82B

Frequently asked questions

What is Golden Ocean Group Limited's PE ratio?

As of May 22, 2024, GOGL stock has a price to earnings ratio of 25.27.

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 6.97.

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 13.66.

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 71% higher 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 (May 22, 2024), Golden Ocean Group Limited's share price is $14.15. 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 25.27. PE RATIO(25.27) = STOCK PRICE($14.15) / TTM EPS($0.56)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.