GOGL Relative Valuation
GOGL's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, GOGL is overvalued; if below, it's undervalued.
Historical Valuation
Golden Ocean Group Ltd (GOGL) is now in the Overvalued zone, suggesting that its current forward PE ratio of 14.45 is considered Overvalued compared with the five-year average of 9.16. The fair price of Golden Ocean Group Ltd (GOGL) is between 3.45 to 7.87 according to relative valuation methord. Compared to the current price of 8.90 USD , Golden Ocean Group Ltd is Overvalued By 13.06%.
Relative Value
Fair Zone
3.45-7.87
Current Price：8.90
13.06%
Overvalued
14.45
PE
1Y
3Y
5Y
Trailing
Forward
7.93
EV/EBITDA
Golden Ocean Group Ltd. (GOGL) has a current EV/EBITDA of 7.93. The 5-year average EV/EBITDA is 7.22. The thresholds are as follows: Strongly Undervalued below 4.42, Undervalued between 4.42 and 5.82, Fairly Valued between 8.61 and 5.82, Overvalued between 8.61 and 10.01, and Strongly Overvalued above 10.01. The current Forward EV/EBITDA of 7.93 falls within the Historic Trend Line -Fairly Valued range.
13.69
EV/EBIT
Golden Ocean Group Ltd. (GOGL) has a current EV/EBIT of 13.69. The 5-year average EV/EBIT is 10.64. The thresholds are as follows: Strongly Undervalued below 3.05, Undervalued between 3.05 and 6.85, Fairly Valued between 14.44 and 6.85, Overvalued between 14.44 and 18.23, and Strongly Overvalued above 18.23. The current Forward EV/EBIT of 13.69 falls within the Historic Trend Line -Fairly Valued range.
2.41
PS
Golden Ocean Group Ltd. (GOGL) has a current PS of 2.41. The 5-year average PS is 2.50. The thresholds are as follows: Strongly Undervalued below 1.03, Undervalued between 1.03 and 1.76, Fairly Valued between 3.24 and 1.76, Overvalued between 3.24 and 3.97, and Strongly Overvalued above 3.97. The current Forward PS of 2.41 falls within the Historic Trend Line -Fairly Valued range.
5.88
P/OCF
Golden Ocean Group Ltd. (GOGL) has a current P/OCF of 5.88. The 5-year average P/OCF is 4.77. The thresholds are as follows: Strongly Undervalued below 2.03, Undervalued between 2.03 and 3.40, Fairly Valued between 6.15 and 3.40, Overvalued between 6.15 and 7.52, and Strongly Overvalued above 7.52. The current Forward P/OCF of 5.88 falls within the Historic Trend Line -Fairly Valued range.
9.40
P/FCF
Golden Ocean Group Ltd. (GOGL) has a current P/FCF of 9.40. The 5-year average P/FCF is 2.77. The thresholds are as follows: Strongly Undervalued below -18.04, Undervalued between -18.04 and -7.64, Fairly Valued between 13.17 and -7.64, Overvalued between 13.17 and 23.58, and Strongly Overvalued above 23.58. The current Forward P/FCF of 9.40 falls within the Historic Trend Line -Fairly Valued range.
Golden Ocean Group Ltd (GOGL) has a current Price-to-Book (P/B) ratio of 0.94. Compared to its 3-year average P/B ratio of 1.02 , the current P/B ratio is approximately -7.78% higher. Relative to its 5-year average P/B ratio of 0.98, the current P/B ratio is about -4.60% higher. Golden Ocean Group Ltd (GOGL) has a Forward Free Cash Flow (FCF) yield of approximately 10.34%. Compared to its 3-year average FCF yield of 9.38%, the current FCF yield is approximately 10.26% lower. Relative to its 5-year average FCF yield of 8.91% , the current FCF yield is about 16.04% lower.
0.94
P/B
Median3y
1.02
Median5y
0.98
10.34
FCF Yield
Median3y
9.38
Median5y
8.91
Competitors Valuation Multiple
The average P/S ratio for GOGL's competitors is 2.17, providing a benchmark for relative valuation. Golden Ocean Group Ltd Corp (GOGL) exhibits a P/S ratio of 2.41, which is 10.93% above the industry average. Given its robust revenue growth of -42.48%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of GOGL decreased by 24.43% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 4.51 to 15.12.
The secondary factor is the Revenue Growth, contributed -42.48%to the performance.
Overall, the performance of GOGL in the past 1 year is driven by P/E Change. Which is more unsustainable.
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FAQ
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