Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.
P/S ratio for Pangaea Logistics Solutions, Ltd. (PANL)
P/S ratio as of 2023: 0.74
According to Pangaea Logistics Solutions, Ltd.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.74. At the end of 2022 the company had a P/S ratio of 0.33.
P/S ratio history for Pangaea Logistics Solutions, Ltd. from 2012 to 2023
P/S ratio at the end of each year
| Year | P/S ratio |
|---|---|
| 2023 | 0.74 |
| 2022 | 0.33 |
| 2021 | 0.23 |
| 2020 | 0.31 |
| 2019 | 0.31 |
| 2018 | 0.34 |
| 2017 | 0.37 |
| 2016 | 0.50 |
| 2015 | 0.32 |
| 2014 | 0.22 |
| 2013 | 0.33 |
| 2012 | 0.00 |