Global Ship Lease, Inc. (GSL) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Global Ship Lease, Inc.

Market cap $2B · 52 weeks $28 – $46 (7 % below the high) · P/E 4.0× · Dividend 5.9 % · 5 years rising · Next earnings November 9, 2026 · expected EPS $2.46 · Closing price, Oct 29 · accounts published Aug 5.

• Valuation: P/E 4.0× (no verdict).
• Business: ROIC 13 % (fair).
• Balance sheet: Net debt/EBITDA 0.6× (solid).
• Earnings: 8 of 8 (on track).

What would it be worth at its usual multiples?

No valuation verdict: it is a cyclical and today's P/E (4.0) does not tell whether it is cheap.

In cyclicals the P/E misleads: today's earnings are not the normal ones.

What matters in industrials: 8 of 10 pass

• ROIC 13.2 %, fails.
• Capex / Revenue 22.0 %, fails.
• 5y revenue growth 6.4 %, passes, near the threshold.
• Operating margin 50.7 %, passes.
• FCF conversion 86.3 %, passes, near the threshold.
• Net debt / EBITDA 0.6×, passes.
• Altman Z-Score 2.1, passes.
• Piotroski F-Score 6 de 9, passes.
• P/E vs own 10y history 4.0×, passes.
• Cycle-adjusted EV/EBITDA 3.3×, passes.

Against its peers (reference peers) — Global Ship Lease, Inc.: P/E 4.0×; EV/EBITDA 3.3×; ROIC 13.2 %; $1.5B. Navios Maritime Partners L.P. (P/E 6.0×; EV/EBITDA 5.2×; ROIC 8.3 %; $2.6B), Okeanis Eco Tankers Corp. (P/E 9.6×; EV/EBITDA 8.6×; ROIC 27.4 %; $3.3B), Danaos Corporation (P/E 5.4×; EV/EBITDA 4.0×; ROIC 9.6 %; $2.9B).

Expensive or cheap against its last ten years?

P/E at each close: today 4.0× · median 3.4× · minimum 1.9× · maximum 37.5× · cheap below 2.6× · expensive above 6.9×. It has been cheaper than today 62% of the time over its last ten years.

Dividend

solid · Yield 5.9 % ($2.40 per share in 2025) · Years raising it 5 · 5-year growth +61 % a year · Free cash flow coverage 3.5× · With $1,000 invested today you'd collect $59.40 a year ($4.95 a month).