NMM Relative Valuation
NMM'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, NMM is overvalued; if below, it's undervalued.
Historical Valuation
Navios Maritime Partners LP (NMM) is now in the Overvalued zone, suggesting that its current forward PE ratio of 5.72 is considered Overvalued compared with the five-year average of 2.44. The fair price of Navios Maritime Partners LP (NMM) is between 26.01 to 43.15 according to relative valuation methord. Compared to the current price of 55.71 USD , Navios Maritime Partners LP is Overvalued By 29.1%.
Relative Value
Fair Zone
26.01-43.15
Current Price：55.71
29.1%
Overvalued
5.65
PE
1Y
3Y
5Y
Trailing
Forward
5.37
EV/EBITDA
Navios Maritime Partners LP. (NMM) has a current EV/EBITDA of 5.37. The 5-year average EV/EBITDA is 3.43. The thresholds are as follows: Strongly Undervalued below 1.55, Undervalued between 1.55 and 2.49, Fairly Valued between 4.37 and 2.49, Overvalued between 4.37 and 5.30, and Strongly Overvalued above 5.30. The current Forward EV/EBITDA of 5.37 falls within the Strongly Overvalued range.
10.50
EV/EBIT
Navios Maritime Partners LP. (NMM) has a current EV/EBIT of 10.50. The 5-year average EV/EBIT is 5.09. The thresholds are as follows: Strongly Undervalued below 0.90, Undervalued between 0.90 and 3.00, Fairly Valued between 7.18 and 3.00, Overvalued between 7.18 and 9.27, and Strongly Overvalued above 9.27. The current Forward EV/EBIT of 10.50 falls within the Strongly Overvalued range.
1.18
PS
Navios Maritime Partners LP. (NMM) has a current PS of 1.18. The 5-year average PS is 0.74. The thresholds are as follows: Strongly Undervalued below 0.25, Undervalued between 0.25 and 0.50, Fairly Valued between 0.99 and 0.50, Overvalued between 0.99 and 1.24, and Strongly Overvalued above 1.24. The current Forward PS of 1.18 falls within the Overvalued range.
2.99
P/OCF
Navios Maritime Partners LP. (NMM) has a current P/OCF of 2.99. The 5-year average P/OCF is 1.58. The thresholds are as follows: Strongly Undervalued below 0.48, Undervalued between 0.48 and 1.03, Fairly Valued between 2.14 and 1.03, Overvalued between 2.14 and 2.69, and Strongly Overvalued above 2.69. The current Forward P/OCF of 2.99 falls within the Strongly Overvalued range.
30.92
P/FCF
Navios Maritime Partners LP. (NMM) has a current P/FCF of 30.92. The 5-year average P/FCF is 3.37. The thresholds are as follows: Strongly Undervalued below -49.66, Undervalued between -49.66 and -23.15, Fairly Valued between 29.89 and -23.15, Overvalued between 29.89 and 56.40, and Strongly Overvalued above 56.40. The current Forward P/FCF of 30.92 falls within the Overvalued range.
Navios Maritime Partners LP (NMM) has a current Price-to-Book (P/B) ratio of 0.51. Compared to its 3-year average P/B ratio of 0.39 , the current P/B ratio is approximately 28.90% higher. Relative to its 5-year average P/B ratio of 0.42, the current P/B ratio is about 21.39% higher. Navios Maritime Partners LP (NMM) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -10.61%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -5.95% , the current FCF yield is about -100.00% lower.
0.50
P/B
Median3y
0.39
Median5y
0.42
-11.56
FCF Yield
Median3y
-10.61
Median5y
-5.95
Competitors Valuation Multiple
The average P/S ratio for NMM's competitors is 4.25, providing a benchmark for relative valuation. Navios Maritime Partners LP Corp (NMM) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 1.79%, 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 NMM increased by 27.44% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 4.03 to 6.19.
The secondary factor is the Revenue Growth, contributed 1.79%to the performance.
Overall, the performance of NMM in the past 1 year is driven by P/E Change. Which is more unsustainable.
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