Pangaea Logistics Solutions, Ltd. (PANL) Key Metrics
PANL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $498.3M
- Enterprise value
- $586.0M
- P/E (TTM)
- 10.4 10-yr median 10.8
- Forward P/E
- 8.2
- PEG ratio
- —
- Price / sales
- 0.7 10-yr median 0.4
- Price / book
- 1.2 10-yr median 0.7
- EV / EBITDA
- 4.9 10-yr median 6.5
- Dividend yield
- 5.26% $0.40 a year
- Beta
- 0.81
PANL key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPANL valuation Price multiples at each fiscal year-end price.
PANL returns How much profit the business earns on the capital it uses.
PANL per-share figures Results divided by the shares outstanding at year-end.
PANL financial health Debt, liquidity and how easily interest is covered.
PANL efficiency & capital use Working capital cycle and where the cash goes.
PANL valuation history
PANL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PANL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PANL cash returned to shareholders
PANL price vs earnings per share
PANL key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $445.2M | $246.8M | $374.7M | $232.1M | $169.5M | $121.4M | $127.6M | $129.6M | $143.2M | $120.3M |
| Enterprise value | $714.3M | $557.4M | $540.1M | $403.2M | $420.3M | $234.1M | $254.1M | $245.4M | $279.1M | $241.2M |
| P/E ratio | 23.0 | 8.5 | 14.2 | 2.9 | 2.5 | 10.7 | 10.9 | 7.3 | 18.3 | 16.1 |
| Price / sales | 0.7 | 0.5 | 0.8 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 |
| Price / book | 1.0 | 0.6 | 1.2 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 1.0 | 1.0 |
| Price / free cash flow | 9.4 | — | 14.1 | 2.4 | — | 6.8 | — | 5.7 | — | 13.4 |
| Price / operating cash flow | 8.3 | 3.8 | 7.0 | 1.7 | 2.7 | 5.8 | 2.9 | 3.2 | 4.9 | 6.3 |
| EV / sales | 1.1 | 1.0 | 1.1 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 1.0 |
| EV / EBITDA | 8.2 | 6.8 | 7.1 | 2.9 | 3.9 | 6.2 | 5.7 | 4.9 | 8.5 | 8.3 |
| EV / free cash flow | 15.1 | — | 20.4 | 4.1 | — | 13.1 | — | 10.9 | — | 26.9 |
| Earnings yield | 4.4% | 11.7% | 7.0% | 34.3% | 39.7% | 9.4% | 9.1% | 13.7% | 5.5% | 6.2% |
| Free cash flow yield | 10.6% | −1.5% | 7.1% | 42.4% | −79.6% | 14.8% | −9.8% | 17.4% | −24.3% | 7.4% |
| Dividend yield | 3.7% | 7.6% | 4.8% | 5.8% | 3.3% | 0.4% | 6.3% | 1.8% | 0.7% | 0.1% |
| Shareholder yield (dividends + buybacks) | 4.3% | 7.6% | 4.9% | 5.8% | 3.3% | 0.4% | 6.5% | 1.8% | 0.7% | 0.1% |
| Share price at fiscal year-end | $6.88 | $5.36 | $8.24 | $5.15 | $3.78 | $2.77 | $2.95 | $3.03 | $3.68 | $3.40 |
| Per share | ||||||||||
| Revenue per share | $9.77 | $11.65 | $10.98 | $15.53 | $16.01 | $8.74 | $9.53 | $8.72 | $9.91 | $6.73 |
| Earnings per share | $0.30 | $0.63 | $0.58 | $1.76 | $1.50 | $0.26 | $0.27 | $0.42 | $0.20 | $0.21 |
| Operating cash flow per share | $0.83 | $1.43 | $1.18 | $2.99 | $1.38 | $0.48 | $1.03 | $0.94 | $0.75 | $0.54 |
| Free cash flow per share | $0.73 | −$0.08 | $0.58 | $2.18 | −$3.01 | $0.41 | −$0.29 | $0.53 | −$0.89 | $0.25 |
| Cash per share | $1.59 | $1.89 | $2.18 | $2.85 | $1.25 | $1.07 | $1.17 | $1.25 | $0.89 | $0.63 |
| Book value per share | $6.64 | $9.29 | $7.12 | $6.97 | $5.51 | $4.17 | $3.93 | $5.45 | $3.73 | $3.29 |
| Tangible book value per share | $6.58 | $9.20 | $7.01 | $5.59 | $5.51 | $1.97 | $3.93 | $2.18 | −$0.43 | −$1.91 |
| Dividends per share | $0.25 | $0.41 | $0.40 | $0.30 | $0.12 | $0.01 | $0.19 | $0.05 | $0.03 | $0.00 |
| Capex per share | $0.10 | $1.51 | $0.60 | $0.81 | $4.38 | $0.07 | $1.32 | $0.41 | $1.64 | $0.29 |
| Debt per share | $5.75 | $8.63 | $5.81 | $6.65 | $6.84 | $3.64 | $4.09 | $3.96 | $4.38 | $4.05 |
| Shares outstanding | 64.7M | 46.0M | 45.5M | 45.1M | 44.8M | 43.8M | 43.3M | 42.8M | 38.9M | 35.4M |
| Change in shares outstanding | +40.5% | +1.3% | +0.9% | +0.5% | +2.4% | +1.3% | +1.1% | +9.9% | +10.0% | +1.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 4.5% | 7.7% | 8.3% | 28.3% | 31.3% | 6.4% | 5.8% | 9.4% | 6.0% | 6.6% |
| Return on invested capital (ROIC) | 4.2% | 6.2% | 8.3% | 19.4% | 15.0% | 3.3% | 3.6% | 6.2% | 3.1% | 5.5% |
| Return on assets (ROA) | 2.1% | 3.5% | 3.6% | 10.9% | 11.6% | 2.4% | 2.5% | 4.1% | 2.0% | 2.0% |
| Return on tangible assets | 2.1% | 3.1% | 3.8% | 11.6% | 9.5% | 3.2% | 2.4% | 5.7% | 3.0% | 4.2% |
| Free cash flow margin | 7.5% | −0.7% | 5.3% | 14.1% | −18.8% | 4.7% | −3.0% | 6.1% | −9.0% | 3.8% |
| Income quality (OCF / net income) | 2.77 | 2.27 | 2.04 | 1.70 | 0.92 | 1.84 | 3.81 | 2.26 | 3.74 | 2.58 |
| Financial health | ||||||||||
| Total debt | $372.2M | $397.4M | $264.4M | $299.5M | $307.0M | $159.6M | $177.0M | $169.4M | $170.4M | $143.2M |
| Cash & short-term investments | $103.1M | $86.8M | $99.0M | $128.4M | $56.2M | $46.9M | $50.6M | $53.6M | $34.5M | $22.3M |
| Net debt | $269.2M | $310.6M | $165.4M | $171.1M | $250.8M | $112.7M | $126.5M | $115.8M | $135.9M | $120.9M |
| Debt / equity | 0.87 | 0.93 | 0.82 | 0.95 | 1.24 | 0.87 | 1.04 | 0.73 | 1.17 | 1.23 |
| Debt / assets | 0.40 | 0.42 | 0.37 | 0.40 | 0.43 | 0.35 | 0.37 | 0.37 | 0.40 | 0.40 |
| Net debt / EBITDA | 3.11 | 3.77 | 2.17 | 1.25 | 2.35 | 3.00 | 2.82 | 2.29 | 4.12 | 4.17 |
| Current ratio | 1.69 | 1.76 | 1.82 | 2.41 | 1.65 | 1.00 | 1.41 | 1.44 | 1.19 | 0.88 |
| Quick ratio | 1.46 | 1.46 | 1.66 | 2.10 | 1.40 | 0.86 | 1.18 | 1.19 | 0.97 | 0.71 |
| Interest coverage | 1.6 | 2.4 | 2.6 | 4.7 | 6.9 | 2.5 | 2.5 | 4.1 | 1.9 | 2.2 |
| Working capital | $87.7M | $82.9M | $86.5M | $130.3M | $72.2M | $532,439 | $37.1M | $34.5M | $13.0M | −$9.3M |
| Invested capital | $698.5M | $738.4M | $489.3M | $485.3M | $498.0M | $295.5M | $296.7M | $349.2M | $281.2M | $237.2M |
| Tangible asset value | $471.1M | $470.6M | $365.3M | $306.6M | $300.7M | $138.0M | $243.1M | $93.4M | $48.8M | −$7.2M |
| Net current asset value | −$237.6M | −$269.8M | −$143.2M | −$157.0M | −$222.4M | −$104.6M | −$108.9M | −$106.6M | −$129.6M | −$117.0M |
| Graham number | $6.69 | $11.46 | $9.63 | $16.64 | $13.63 | $4.93 | $4.88 | $7.14 | $4.11 | $3.95 |
| Graham net-net per share | −$4.42 | −$6.98 | −$4.12 | −$4.51 | −$6.31 | −$3.06 | −$3.46 | −$3.17 | −$3.97 | −$4.09 |
| Capital allocation | ||||||||||
| Dividends paid | $16.3M | $18.7M | $18.1M | $13.4M | $5.5M | $535,153 | $8.1M | $2.3M | $1.0M | $100,000 |
| Share buybacks (net) | $3.0M | $127,283 | $127,283 | $0 | $0 | $0 | $179,279 | $50,812 | $0 | $0 |
| Dividend payout ratio | 84.2% | 64.7% | 68.8% | 16.9% | 8.2% | 4.7% | 69.4% | 12.8% | 12.8% | 1.3% |
| Dividends + buybacks / free cash flow | 40.9% | — | 68.7% | 13.6% | — | 3.0% | — | 10.3% | — | 1.1% |
| Capex / revenue | 1.0% | 12.9% | 5.5% | 5.2% | 27.4% | 0.8% | 13.8% | 4.7% | 16.6% | 4.3% |
| Capex / operating cash flow | 12.1% | 105.7% | 50.7% | 27.0% | 318.5% | 14.0% | 128.2% | 43.7% | 219.1% | 53.4% |
| Capex / depreciation | 0.15 | 2.29 | 0.91 | 1.23 | 8.56 | 0.17 | 3.08 | 1.00 | 4.10 | 0.73 |
| Stock-based compensation / revenue | 0.7% | 0.5% | 0.4% | 0.3% | 0.3% | 0.6% | 421,476.0% | 0.3% | 0.3% | 0.3% |
| R&D / revenue | — | — | — | 16.7% | 13.9% | 21.9% | — | 14.4% | 12.7% | 18.0% |
| SG&A / revenue | 4.9% | 4.6% | 4.6% | 2.9% | 2.6% | 4.2% | 4.2% | 4.4% | 3.9% | 5.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 33.7 | 35.2 | 35.9 | 30.2 | 27.3 | 33.7 | 28.0 | 24.3 | 17.5 | 27.3 |
| Days of inventory on hand | 19.8 | 19.5 | 19.4 | 18.0 | 12.7 | 19.6 | 20.3 | 19.7 | 15.1 | 17.8 |
| Days payables outstanding | 33.1 | 21.3 | 6.9 | 5.4 | 7.6 | 22.7 | 28.3 | 27.2 | 16.4 | 25.4 |
| Cash conversion cycle (days) | 20.5 | 33.3 | 48.4 | 42.7 | 32.4 | 30.6 | 20.0 | 16.8 | 16.2 | 19.7 |
| Receivables turnover | 10.83 | 10.38 | 10.17 | 12.09 | 13.39 | 10.82 | 13.03 | 15.05 | 20.82 | 13.37 |
| Payables turnover | 11.04 | 17.15 | 52.92 | 67.11 | 48.25 | 16.09 | 12.92 | 13.43 | 22.20 | 14.40 |
| Inventory turnover | 18.39 | 18.76 | 18.84 | 20.29 | 28.77 | 18.65 | 18.01 | 18.48 | 24.19 | 20.52 |
| Asset turnover | 0.68 | 0.65 | 0.69 | 0.96 | 1.24 | 0.82 | 0.88 | 0.85 | 0.98 | 0.65 |
| Average receivables | $58.4M | $51.7M | $49.1M | $57.9M | $53.6M | $35.4M | $31.6M | $24.8M | $18.5M | $17.8M |
| Average payables | $51.0M | $27.0M | $8.1M | $8.5M | $12.9M | $21.4M | $28.0M | $23.8M | $15.6M | $14.8M |
| Average inventory | $30.6M | $24.7M | $22.8M | $28.1M | $21.6M | $18.5M | $20.1M | $17.3M | $14.3M | $10.3M |
| Intangibles / total assets | 0.4% | 0.4% | 0.7% | 8.3% | 0.0% | 21.4% | 0.0% | 30.9% | 38.2% | 50.8% |
Computed from PANL's annual financial statements (latest annual report filed March 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PANL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Pangaea Logistics Solutions traded at 23.0 times earnings, against a 10-year median of 10.8. Based on the latest twelve months, the trailing P/E is 10.4 and the forward P/E is 8.2. Pangaea Logistics Solutions earned a return on equity of 4.5% and a return on invested capital of 4.2% in fiscal 2025. It ended the year with $372.2 million of debt and $103.1 million in cash and short-term investments, net debt of $269.2 million. It returned $19.3 million to shareholders: $16.3 million in dividends and $3.0 million in share buybacks, 41% of free cash flow. The share count rose 82.9% from 35.4M to 64.7M over 9 years.
See the PANL income statement, the PANL chart for price history, or the PANL stock overview for the latest quote and news.
PANL key metrics FAQ
What is Pangaea Logistics Solutions's P/E ratio?
Pangaea Logistics Solutions's trailing P/E ratio is 10.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.2. At the end of fiscal 2025 it was 23.0, compared with a 10-year median of 10.8.
What is Pangaea Logistics Solutions's EV/EBITDA?
Pangaea Logistics Solutions's enterprise value was 8.2 times EBITDA at the end of fiscal 2025 (enterprise value $714.3 million, EBITDA $86.6 million); the current EV/EBITDA is 4.9.
What is Pangaea Logistics Solutions's return on equity?
Pangaea Logistics Solutions's return on equity (ROE) was 4.5% in fiscal 2025: net income of $19.4 million on average shareholders' equity of $428.6 million.
What is Pangaea Logistics Solutions's ROIC?
Pangaea Logistics Solutions's return on invested capital was 4.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Pangaea Logistics Solutions have?
Pangaea Logistics Solutions had total debt of $372.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.87 and $269.2 million of net debt (3.11 times EBITDA).
What is Pangaea Logistics Solutions's dividend yield?
Pangaea Logistics Solutions's forward dividend yield is 5.26%. Pangaea Logistics Solutions paid $16.3 million in dividends in fiscal 2025 ($0.25 per share), a payout ratio of 84.2%.
Does Pangaea Logistics Solutions buy back its shares?
Yes. Pangaea Logistics Solutions spent $3.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +40.5% over the year, to 64.7M..
What is Pangaea Logistics Solutions's free cash flow yield?
Pangaea Logistics Solutions generated $47.2 million of free cash flow in fiscal 2025, a free cash flow yield of 10.6% on its market value at year-end ($445.2 million).
What is Pangaea Logistics Solutions's current ratio?
Pangaea Logistics Solutions's current ratio was 1.69 at the end of fiscal 2025: current assets were 1.69 times current liabilities.