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Time charter equivalent (TCE) is a shipping industry measure used to calculate the average daily revenue performance of a vessel. It is calculated as (Voyage Revenues - Voyage Expenses) / Round Trip Duration in Days.
Nordic American Tankers's Average Time Charter Equivalent Rates (USD) for the quarter that ended in Mar. 2026 was 47,600.00
, which higher from pervious quarter (Dec. 2025)'s result by 71.96%.
Nordic American Tankers's Average Time Charter Equivalent Rates (USD) for the annual that ended in Dec. 2025 was 27,681.00
, which lower from pervious year (Dec. 2024)'s result by 12.41%.
The historical rank and industry rank for Nordic American Tankers's Average Time Charter Equivalent Rates (USD) or its related term are showing as below:
NAT's Average Time Charter Equivalent Rates (USD) is not ranked *
in the Oil & Gas industry.
Industry Median: * Ranked among companies with meaningful Average Time Charter Equivalent Rates (USD) only.
Nordic American Tankers (NYSE:NAT) Average Time Charter Equivalent Rates (USD) Explanation
Time charter equivalent (TCE) is a shipping industry measure used to calculate the average daily revenue performance of a vessel. Time charter equivalent is calculated by first taking voyage revenues and subtracting voyage expenses, including canal, bunker and port costs, and then dividing the total by the round-trip voyage duration in days. It gives shipping companies a tool to measure period-to-period changes.
The TCE is a way to describe chartering opportunities in a standardized way to make comparisons easier. It is used by cargo brokers in the shipping industry to present chartering opportunities to shipowners since chartering opportunities differ widely in potential revenues and costs.
Nordic American Tankers Average Time Charter Equivalent Rates (USD) Related Terms
Nordic American Tankers Average Time Charter Equivalent Rates (USD) Historical Data
* Premium members only.
The historical data trend for Nordic American Tankers's Average Time Charter Equivalent Rates (USD) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nordic American Tankers Average Time Charter Equivalent Rates (USD) Chart
NAT vs PBT, NVGS, EE: Average Time Charter Equivalent Rates (USD) Comparison
For the Oil & Gas Midstream subindustry, Nordic American Tankers's Average Time Charter Equivalent Rates (USD), along with its competitors' market caps and Average Time Charter Equivalent Rates (USD) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
What does a Average Time Charter Equivalent Rates (USD) of 47,600.00 mean?
Nordic American Tankers (NAT) has a Average Time Charter Equivalent Rates (USD) of 47,600.00 as of Mar. 2026. Time charter equivalent (TCE), calculated as (Voyage Revenues - Voyage Expenses) / Round Trip Duration in Days, is a shipping industry measure used to calculate the average daily revenue performance of a vessel. View historical data on Nordic American Tankers and its competitors.
Is Nordic American Tankers' Average Time Charter Equivalent Rates (USD) too high?
Nordic American Tankers' current Average Time Charter Equivalent Rates (USD) is 47,600.00. Overall, Nordic American Tankers has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordic American Tankers' Average Time Charter Equivalent Rates (USD) compare to PBT and NVGS?
Nordic American Tankers' Average Time Charter Equivalent Rates (USD) of 47,600.00 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Average Time Charter Equivalent Rates (USD) for an Oil & Gas company?
A good Average Time Charter Equivalent Rates (USD) depends on the Oil & Gas industry context. However, Average Time Charter Equivalent Rates (USD) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Average Time Charter Equivalent Rates (USD) mean?
A high Average Time Charter Equivalent Rates (USD) can signal that a stock is expensive relative to its fundamentals. Time charter equivalent (TCE), calculated as (Voyage Revenues - Voyage Expenses) / Round Trip Duration in Days, is a shipping industry measure used to calculate the average daily revenue performance of a vessel. View historical data on Nordic American Tankers and its competitors. Nordic American Tankers's current Average Time Charter Equivalent Rates (USD) is 47,600.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic American Tankers stock overvalued right now?
Based on GuruFocus' analysis, Nordic American Tankers (NAT) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.81, compared to a current price of $7.03 — trading 150% above its estimated fair value. The current Average Time Charter Equivalent Rates (USD) is 47,600.00. Nordic American Tankers' overall GF Score™ is 40/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Average Time Charter Equivalent Rates (USD) calculated?
Average Time Charter Equivalent Rates (USD) is calculated from a company's financial statements. For Nordic American Tankers (NAT), the current Average Time Charter Equivalent Rates (USD) is 47,600.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nordic American Tankers (NAT) Overvalued in 2026?
Based on GuruFocus' analysis, Nordic American Tankers stock appears to be overvalued.
The current stock price of $7.03 is trading 150% above its estimated GF Value™ of $2.81.
GuruFocus considers Nordic American Tankers to be Significantly Overvalued.
Key valuation signals for NAT:
Average Time Charter Equivalent Rates (USD): 47,600.00
GF Value™: $2.81 vs. price of $7.03 (150% above fair value)
No single metric tells the full story. See the NAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordic American Tankers Ltd owns and operates double-hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters according to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.
40GF Score
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