Golden Ocean Group Limited

Golden Ocean Group Limitedverified

GOGL

Price:

$12.48

Market Cap:

$2.50B

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.[Read more]

Industry

Marine Shipping

IPO Date

1997-02-07

Stock Exchange

NASDAQ

Ticker

GOGL

The PE Ratio as of July 2024 (TTM) for Golden Ocean Group Limited (GOGL) is 13.42

According to Golden Ocean Group Limited’s latest financial reports and current stock price. The company's current PE Ratio is 13.42. This represents a change of 25.34% compared to the average of 10.71 of the last 4 quarters.

Golden Ocean Group Limited (GOGL) Historical PE Ratio (quarterly & annually)

How has GOGL PE Ratio performed in the past?

The mean historical PE Ratio of Golden Ocean Group Limited over the last ten years is -38.48. The current 13.42 PE Ratio has changed -3587.40% with respect to the historical average. Over the past ten years (40 quarters), GOGL's PE Ratio was at its highest in in the September 2017 quarter at 705.03. The PE Ratio was at its lowest in in the March 2023 quarter at -54.07.

Quarterly (TTM)
Annual

Average

-38.48

Median

3.58

Minimum

-449.39

Maximum

22.46

Golden Ocean Group Limited (GOGL) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Golden Ocean Group Limited PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 12.69%

Maximum Annual PE Ratio = 22.46

Minimum Annual Increase = -170.27%

Minimum Annual PE Ratio = -449.39

Quarterly (TTM)
Annual
YearPE RatioChange
202317.38360.28%
20223.7811.29%
20213.39-170.27%
2020-4.83-121.49%
201922.46113.89%
201810.50-102.34%
2017-449.3912.69%
2016-3.51379.40%
2015-0.73-104.54%
201416.13-124.62%

Golden Ocean Group Limited (GOGL) Average PE Ratio

How has GOGL PE Ratio performed in the past?

The current PE Ratio of Golden Ocean Group Limited (GOGL) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

8.18

5-year avg

8.44

10-year avg

-38.48

Golden Ocean Group Limited (GOGL) PE Ratio vs. Peers

How is GOGL’s PE Ratio compared to its peers?

Golden Ocean Group Limited’s PE Ratio is less than Genco Shipping & Trading Limited (254.85), less than Eagle Bulk Shipping Inc. (24.12), greater than Global Ship Lease, Inc. (2.79), greater than Diana Shipping Inc. (10.17), greater than Star Bulk Carriers Corp. (9.47), greater than Danaos Corporation (2.80), greater than OceanPal Inc. (-4.07), greater than Costamare Inc. (4.94), greater than Navios Maritime Partners L.P. (3.49),

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