TSAKOS ENERGY NAVIGATION LTD (TEN)

Deep Sea Foreign Transportation of Freight

Latest Price

$51.11

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $4.45

Book value / share: $60.39

Formula: √(22.5 × EPS × BVPS)

Graham Number

$77.76

+52% upside

Norm. op. income: $252M (median of 7yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$13.46

74% downside

EPS: $4.45

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$66.75

+31% upside