The price-to-earnings ratio for Navios Maritime Partners L P stock stands at 3.31 as of May 16, 2024. This is calculated based on the current EPS of $14.08 and the stock price of $46.6 per share. An increase of 104% has been recorded in the P/E ratio compared to the average of 1.6 of the last 4 quarters.
Over the last ten years, the average PE ratio of Navios Maritime Partners L P has been 6.88. The current 3.31 PE ratio is 52% below the historical average. In the past ten years, NMM's PE ratio was at its highest in the Sep 2017 quarter at 30.45, with a price of $30.75 and an EPS of N/A. The Jun 2022 quarter recorded the bottom point at 0.68, with a price of $23 and an EPS of $33.69.
Maximum annual increase: 44.2% in 2023
Maximum annual decrease: -48.06% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 1.99 | 44.2% |
| 2022 | 1.38 | 23.21% |
| 2021 | 1.12 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | 6.29 | -48.06% |
| 2014 | 12.11 | 1.94% |
Currently, NMM's PE ratio is above the 3 and 5-year historical averages, but it is lower than the 10-year average.
Compared to its peers SBLK and DSX, NMM's PE ratio stands lower, however it is higher than ESEA's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ESEA Euroseas Ltd | 2.36 | $273.28M |
| NMM Navios Maritime Partners L.P. | 3.31 | $1.41B |
| DSX Diana Shipping Inc | 7.18 | $357.29M |
| SBLK Star Bulk Carriers Corp | 14.7 | $2.17B |
As of May 16, 2024, NMM stock has a price to earnings ratio of 3.31.
Over the last 3 years, the average price to earnings ratio for NMM stock is 1.38.
Over the last 5 years, the average price to earnings ratio for NMM stock is 1.56.
Over the last ten years, the quarterly PE ratio reached a historic high of 30.45 in the Sep 2017 quarter.
The current price to earnings ratio of NMM is 52% lower than the 10-year historical average.
NMM'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 (May 16, 2024), Navios Maritime Partners L P's stock price is $46.6. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $14.08. Therefore, Navios Maritime Partners L P's P/E ratio for today is 3.31. PE RATIO(3.31) = STOCK PRICE($46.6) / TTM EPS($14.08)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.