Tsakos Energy Navigation Limited

NYSE:TEN Stock Report

Market Cap: US$596.9m

Tsakos Energy Navigation Valuation

Is TEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TEN ($20.45) is trading below our estimate of fair value ($287.43)

Significantly Below Fair Value: TEN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TEN?

Key metric: As TEN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TEN. This is calculated by dividing TEN's market cap by their current earnings.
What is TEN's PE Ratio?
PE Ratio3.6x
EarningsUS$167.07m
Market CapUS$596.90m

Price to Earnings Ratio vs Peers

How does TEN's PE Ratio compare to its peers?

The above table shows the PE ratio for TEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.2x
NAT Nordic American Tankers
10.3x39.2%US$622.2m
ASC Ardmore Shipping
3.4x-26.4%US$494.5m
TK Teekay
4.8xn/aUS$684.0m
CAPL CrossAmerica Partners
38.5x-49.5%US$766.6m
TEN Tsakos Energy Navigation
3.6x5.0%US$596.9m

Price-To-Earnings vs Peers: TEN is good value based on its Price-To-Earnings Ratio (3.6x) compared to the peer average (14.2x).

Price to Earnings Ratio vs Industry

How does TEN's PE Ratio compare vs other companies in the US Oil and Gas Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
TEN 3.6xIndustry Avg. 11.7xNo. of Companies16PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TEN is good value based on its Price-To-Earnings Ratio (3.6x) compared to the US Oil and Gas industry average (11.3x).

Price to Earnings Ratio vs Fair Ratio

What is TEN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TEN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.6x
Fair PE Ratio8.8x

Price-To-Earnings vs Fair Ratio: TEN is good value based on its Price-To-Earnings Ratio (3.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TEN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$20.45
US$28.00
+36.9%
14.3%US$32.00US$24.00n/a2
Nov ’25US$21.67
US$29.50
+36.1%
8.5%US$32.00US$27.00n/a2
Oct ’25US$25.00
US$29.50
+18.0%
8.5%US$32.00US$27.00n/a2
Sep ’25US$24.97
US$35.50
+42.2%
12.7%US$40.00US$31.00n/a2
Aug ’25US$25.09
US$35.50
+41.5%
12.7%US$40.00US$31.00n/a2
Jul ’25US$29.73
US$35.00
+17.7%
14.3%US$40.00US$30.00n/a2
Jun ’25US$31.20
US$35.00
+12.2%
14.3%US$40.00US$30.00n/a2
May ’25US$25.72
US$35.00
+36.1%
14.3%US$40.00US$30.00n/a2
Apr ’25US$25.84
US$35.00
+35.4%
14.3%US$40.00US$30.00n/a2
Mar ’25US$23.99
US$34.00
+41.7%
17.6%US$40.00US$28.00n/a2
Feb ’25US$23.72
US$34.00
+43.3%
17.6%US$40.00US$28.00n/a2
Jan ’25US$22.22
US$34.00
+53.0%
17.6%US$40.00US$28.00n/a2
Jan ’24US$16.93
US$22.50
+32.9%
15.6%US$26.00US$19.00US$22.222
Dec ’23US$18.25
US$22.50
+23.3%
15.6%US$26.00US$19.00US$20.512
Nov ’23US$17.58
US$20.50
+16.6%
22.0%US$25.00US$16.00US$22.472

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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