DAC Danaos PE ratio, current and historical analysis
The PE ratio for Danaos stock stands at 2.91 as of Nov 21, 2024. This results from the current EPS of $29.12 and stock price of $84.61. An increase of 4.9% has been recorded in the P/E ratio compared to the average of 2.8 of the last 4 quarters.
DAC PE ratio history
Over the last ten years, the average PE ratio of Danaos has been 4.3. The current 2.91 PE ratio is 32% 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.
Danaos PE ratio by year
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 |
DAC average PE ratio chart
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.
DAC PE vs peers
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 7.97.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ESEA Euroseas Ltd | 2.35 | $280.75M |
| DAC Danaos Corporation | 2.95 | $1.66B |
| CMRE Costamare Inc | 4.75 | $1.87B |
| NMM Navios Maritime Partners L.P. | 5.86 | $1.55B |
| DSX Diana Shipping Inc | 19.41 | $246.03M |
Frequently asked questions
What is Danaos's PE ratio?
DAC's price to earnings ratio is 2.91 as of Nov 21, 2024.
What is the 3-year average PE ratio for Danaos (DAC)?
Over the last 3 years, the average price to earnings ratio for DAC stock is 2.34.
What is the 5-year average PE ratio for Danaos (DAC)?
Over the last 5 years, the average price to earnings ratio for DAC stock is 2.06.
What is the highest PE ratio for DAC?
In the last ten years, the Mar 2015 quarter recorded the highest quarterly PE ratio at 40.69.
How does the current PE ratio for DAC compare to its historical average?
DAC's price to earnings ratio is currently 32% below its 10-year historical average.
Why is Danaos's PE ratio so low?
DAC's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
How is DAC's PE ratio calculated (Danaos PE ratio formula)?
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 (Nov 21, 2024), Danaos's stock price is $84.61. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $29.12. Therefore, Danaos's P/E ratio for today is 2.91. PE RATIO(2.91) = STOCK PRICE($84.61) / TTM EPS($29.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.