The PE ratio for Danaos stock stands at 2.85 as of Jul 25, 2024. This results from the current EPS of $29.54 and stock price of $84.1. An increase of 15% has been recorded in the P/E ratio compared to the average of 2.5 of the last 4 quarters.
Over the last ten years, the average PE ratio of Danaos has been 4.68. The current 2.85 PE ratio is 39% below the historical average. In the past ten years, DAC's PE ratio was at its highest in the Mar 2015 quarter at 40.69, with a price of $91.14 and an EPS of $2.24. The Mar 2020 quarter recorded the bottom point at 0.55, with a price of $4 and an EPS of $7.24.
Maximum annual increase: 196.4% in 2020
Maximum annual decrease: -56.23% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 2.55 | 32.12% |
| 2022 | 1.93 | 34.03% |
| 2021 | 1.44 | -56.23% |
| 2020 | 3.29 | 196.4% |
| 2019 | 1.11 | N/A |
| 2018 | N/A | N/A |
| 2017 | 1.9 | N/A |
| 2016 | N/A | N/A |
| 2015 | 5.6 | N/A |
| 2014 | N/A | N/A |
The current PE ratio of DAC is greater than its 3 and 5-year historical averages, but it is lower than the 10-year average.
Compared to its peers CMRE and NMM, DAC's PE ratio stands lower, however it is higher than ESEA's. Danaos's PE ratio is trading below the peer group average of 5.6.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ESEA Euroseas Ltd | 2.44 | $262.38M |
| DAC Danaos Corporation | 2.84 | $1.62B |
| NMM Navios Maritime Partners L.P. | 3.3 | $1.43B |
| CMRE Costamare Inc | 5.47 | $1.73B |
| DSX Diana Shipping Inc | 11.21 | $296.79M |
DAC's price to earnings ratio is 2.85 as of Jul 25, 2024.
Over the last 3 years, the average price to earnings ratio for DAC stock is 2.16.
Over the last 5 years, the average price to earnings ratio for DAC stock is 1.95.
In the last ten years, the Mar 2015 quarter recorded the highest quarterly PE ratio at 40.69.
DAC's price to earnings ratio is currently 39% below its 10-year historical average.
DAC's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 25, 2024), Danaos's stock price is $84.1. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $29.54. Therefore, Danaos's P/E ratio for today is 2.85. PE RATIO(2.85) = STOCK PRICE($84.1) / TTM EPS($29.54)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.