The PE ratio for Golden Ocean Group Limited stock stands at 13.42 as of Jul 26, 2024. This is calculated based on the TTM EPS of $0.93 and the stock price of $12.48 per share. An increase of 3.4% has been observed in the PE ratio compared to its average of 13.0 of the last four quarters.
Over the last ten years, the average PE ratio of Golden Ocean Group Limited has been 14.71. The current 13.42 P/E ratio is 9% 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.
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 and 5-year averages, but it is lower than its 10-year average.
GOGL's PE ratio stands higher than its peer stocks DHT and GASS.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GASS StealthGas Inc | 4.55 | $228.63M |
| DHT DHT Holdings Inc | 10.99 | $1.86B |
| GOGL Golden Ocean Group Limited | 13.42 | $2.5B |
As of Jul 26, 2024, GOGL stock has a price to earnings ratio of 13.42.
The average PE ratio for GOGL stock over the past 3 years is 7.34.
The average PE ratio for GOGL stock over the past 5 years is 11.61.
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 9% lower 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 (Jul 26, 2024), Golden Ocean Group Limited's share price is $12.48. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.93. Therefore, Golden Ocean Group Limited's PE ratio for today is 13.42. PE RATIO(13.42) = STOCK PRICE($12.48) / TTM EPS($0.93)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.