Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 21, 2022, it operated a fleet of 66 double-hull vessels, comprising of 60 conventional tankers, three LNG carriers, and three suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was incorporated in 1993 and is based in Athens, Greece.
P/B ratio for Tsakos Energy Navigation Limited (TNP)
P/B ratio as of 2023: 0.41
According to Tsakos Energy Navigation Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.41. At the end of 2022 the company had a P/B ratio of 0.32.
P/B ratio history for Tsakos Energy Navigation Limited from 1999 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 0.41 |
| 2022 | 0.32 |
| 2021 | 0.11 |
| 2020 | 0.11 |
| 2019 | 0.27 |
| 2018 | 0.16 |
| 2017 | 0.23 |
| 2016 | 0.28 |
| 2015 | 0.48 |
| 2014 | 0.47 |
| 2013 | 0.34 |
| 2012 | 0.22 |
| 2011 | 0.24 |
| 2010 | 0.39 |
| 2009 | 0.60 |
| 2008 | 0.76 |
| 2007 | 1.65 |
| 2006 | 1.16 |
| 2005 | 1.19 |
| 2004 | 1.31 |
| 2003 | 1.01 |
| 2002 | 0.91 |
| 2001 | 0.85 |
| 2000 | 1.01 |
| 1999 | 1.12 |