Golden Ocean Group (Golden Ocean Group) Forward PE Ratio : 7.68 (As of Apr. 26, 2024)

View and export this data going back to 1997. Start your Free Trial

What is Golden Ocean Group Forward PE Ratio?

Golden Ocean Group's Forward PE Ratio for today is 7.68.

Golden Ocean Group's PE Ratio without NRI for today is 27.63.

Golden Ocean Group's PE Ratio for today is 25.20.

Golden Ocean Group Forward PE Ratio Historical Data

The historical data trend for Golden Ocean Group's Forward PE Ratio 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.

* Premium members only.

Golden Ocean Group Forward PE Ratio Chart

Golden Ocean Group Annual Data

Trend

2016-01

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

14.86

163.93

5.56

6.59

10.29

5.94

7.67

12.52

8.21

Golden Ocean Group Quarterly Data
	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	163.93	16.56	20.70	7.59	5.56	20.75	6.59	24.63	35.09	13.18	10.29	8.53	6.08	6.90	5.94	7.24	3.91	4.68	7.67	9.61	11.71	6.97	12.52	14.81

Competitive Comparison of Golden Ocean Group's Forward PE Ratio

For the Marine Shipping subindustry, Golden Ocean Group's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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.

Golden Ocean Group's Forward PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Ocean Group's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Golden Ocean Group's Forward PE Ratio falls into.

Golden Ocean Group Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Golden Ocean Group (NAS:GOGL) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Golden Ocean Group Forward PE Ratio Related Terms

Thank you for viewing the detailed overview of Golden Ocean Group's Forward PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Ocean Group (Golden Ocean Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Ocean Group Ltd (NAS:GOGL) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

GOGLo:Sweden GOGL:Norway GOGLo:UK 0RII:UK KT31:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.goldenocean.bm

Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.