GOGL Golden Ocean Group Limited PE ratio, current and historical analysis
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- Industrials
- NASDAQ: GOGL
- PE Ratio
The PE ratio for Golden Ocean Group Limited stock stands at 7.1 as of May 13, 2025. This is calculated based on the TTM EPS of $1.12 and the stock price of $7.95 per share. A decrease of 38% has been observed in the PE ratio compared to its average of 11.5 of the last four quarters.
GOGL PE ratio history
Over the last eight years, the average PE ratio of Golden Ocean Group Limited has been 14.2. The current 7.1 P/E ratio is 50% lower than the historical average. Looking back at the last eight 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
Maximum annual decrease: -54.1% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 8 | -54.1% | $8.96 | $1.12 |
| 2023 | 17.43 | 361.11% | $9.76 | $0.56 |
| 2022 | 3.78 | 11.5% | $8.69 | $2.3 |
| 2021 | 3.39 | N/A | $9.3 | $2.74 |
| 2020 | N/A | N/A | $4.63 | -$0.96 |
| 2019 | 22.35 | 114.08% | $5.81 | $0.26 |
| 2018 | 10.44 | N/A | $6.16 | $0.59 |
| 2017 | N/A | N/A | $8.15 | -$0.02 |
| 2016 | N/A | N/A | $4.71 | -$1.34 |
| 2015 | N/A | N/A | $5.35 | -$7.3 |
| 2014 | 14.9 | N/A | $22.65 | $1.52 |
| 2013 | N/A | N/A | $45.95 | -$0.75 |
| 2012 | N/A | N/A | $26.25 | -$10.95 |
| 2011 | 10.2 | -7.44% | $68.35 | $6.7 |
| 2010 | 11.02 | 5.56% | $111.35 | $10.1 |
Golden Ocean Group Limited PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 8 | -27.67% | $8.96 | $1.12 |
| Sep 2024 | 11.06 | -14.26% | $13.38 | $1.21 |
| Jun 2024 | 12.9 | -7.46% | $13.8 | $1.07 |
| Mar 2024 | 13.94 | -20.02% | $12.96 | $0.93 |
| Dec 2023 | 17.43 | 34.91% | $9.76 | $0.56 |
| Sep 2023 | 12.92 | 69.33% | $7.88 | $0.61 |
| Jun 2023 | 7.63 | 30.65% | $7.55 | $0.99 |
| Mar 2023 | 5.84 | 54.5% | $9.52 | $1.63 |
| Dec 2022 | 3.78 | 51.2% | $8.69 | $2.3 |
| Sep 2022 | 2.5 | -26.04% | $7.47 | $2.99 |
| Jun 2022 | 3.38 | -13.99% | $11.64 | $3.44 |
| Mar 2022 | 3.93 | 15.93% | $12.38 | $3.15 |
| Dec 2021 | 3.39 | -43.03% | $9.3 | $2.74 |
| Sep 2021 | 5.95 | -40.2% | $10.77 | $1.81 |
| Jun 2021 | 9.95 | -55.48% | $11.04 | $1.11 |
GOGL Price vs fair value
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 7.1 is higher than the average of its peers, which is 5.35.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GASS StealthGas Inc | 2.89 | $204.47M |
| STNG Scorpio Tankers Inc | 3.94 | $1.95B |
| ASC Ardmore Shipping Corp | 4.27 | $397.27M |
| GOGL Golden Ocean Group Limited | 7.1 | $1.59B |
| DHT DHT Holdings Inc | 10.29 | $1.82B |
Frequently asked questions
What is Golden Ocean Group Limited's PE ratio?
As of May 13, 2025, GOGL stock has a price to earnings ratio of 7.1.
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 9.03.
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 9.06.
What is the highest PE ratio for GOGL?
Over the last eight 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 50% lower than the 8-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 (May 13, 2025), Golden Ocean Group Limited's share price is $7.95. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $1.12. Therefore, Golden Ocean Group Limited's PE ratio for today is 7.1. PE RATIO(7.1) = STOCK PRICE($7.95) / TTM EPS($1.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.