Start with its own history
At 3.69×, TNP is 72.3% below its 6-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · TNPOil & Gas MidstreamUpdated Nov 4, 2026
Tsakos Energy Navigation Limited P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
3.69×
72.3% belowthe 6-observation annual average
Share price18.28
÷Earnings per share4.95
Price and EPS in quote currency. Calculation details
Investors are paying 3.69 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 13.33×
3-year average3.65×3 positive annual observations
5-year average3.44×4 positive annual observations
10-year average13.33×6 positive annual observations
Peer median · TTM21.63×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 24 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 5.04× | +46.1% |
| Dec 31, 2024 | 3.45× | +40.3% |
| Dec 31, 2023 | 2.46× | -12.6% |
| Dec 31, 2022 | 2.81× | N/M |
| Dec 31, 2021 | N/M | N/M |
| Dec 31, 2020 | N/M | N/M |
| Dec 31, 2019 | N/M | N/M |
| Dec 31, 2018 | N/M | N/M |
View all 24 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 43.44× | +90.8% |
| Dec 31, 2016 | 22.77× | +138.0% |
| Dec 31, 2015 | 9.57× | +2.0% |
| Dec 31, 2014 | 9.38× | -5.7% |
| Dec 31, 2013 | 9.95× | +143.1% |
| Dec 31, 2012 | 4.09× | -55.1% |
| Dec 31, 2011 | 9.12× | -88.0% |
| Dec 31, 2010 | 75.76× | N/M |
| Dec 31, 2009 | N/M | N/M |
| Dec 31, 2008 | N/M | N/M |
| Dec 31, 2007 | N/M | N/M |
| Dec 31, 2006 | 100.66× | +48.2% |
| Dec 31, 2005 | 67.91× | -76.5% |
| Dec 31, 2004 | 288.61× | +319.2% |
| Dec 31, 2003 | 68.85× | N/M |
| Dec 31, 2002 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How TNP compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 TNP This stockTsakos Energy Navigation Limited | 3.69× |
 OSGOctave Specialty Group, Inc. | N/M |
 INVXInnovex International, Inc. | 36.56× |
 SMLPSummit Midstream Partners, LP | N/M |
 SEISolaris Energy Infrastructure, Inc. | 46.79× |
 GLOP-PAGasLog Partners LP | 23.61× |
 DSSIDiamond S Shipping Inc. | 14.68× |
 ROCCRanger Oil Corporation | 1.63× |
 NPKINPK International Inc. | 19.65× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does TNP’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 21.63×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take TNP into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("TNP", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 18.28 ÷ EPS 4.95 = 3.69×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
TNP P/E ratio: common questions
The essentials behind the numbers.
Tsakos Energy Navigation Limited's current P/E is 3.69× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.