Valuation dashboard for Dorian LPG Ltd. (LPG) with P/E 7.21, P/B 1.87, EV/EBITDA 6.2 and dividend yield 6.15%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.
Dorian LPG Ltd., alongside its affiliates, operates worldwide in the shipping industry, specializing in the transportation of liquefied petroleum gas (LPG) with its fleet of dedicated vessels. The company's core business involves the ownership and management of Very Large Gas Carriers (VLGCs). As of May 27, 2022, its operational fleet consisted of twenty-two VLGCs. Established in 2013, Dorian LPG maintains its corporate headquarters in Stamford, Connecticut.
What would it be worth at its usual multiples?
Versus its usual multiples: cheap · Current P/E 7.2× · Multiples range: $116.80 · $116.80.
At its sector median (15.5×) $117 (+115 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Dorian LPG Ltd. reported revenue of $481.5M in the most recent fiscal year, growing at a 5-year CAGR of 8.8%. Net income reached $193.7M, with a 15.9% 5-year CAGR.
Trailing-twelve-month margins: gross margin 63.3%, operating margin 57.7%, net margin 55.3%.
At $54.43 (closing price, October 30, 2026), LPG trades at a P/E of 7.21 and an ROE of 28.44%. Market capitalisation stands at $2.3B.
Balance sheet quality for LPG: debt-to-equity ratio of 0.52, current ratio of 3.26 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 7.21 |
| Price / Book | 1.87 |
| EV / EBITDA | 6.2 |
| Dividend Yield | 6.15% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| LPG | Dorian LPG Ltd. | $2.3B | 7.21 | 1.87 | 28.4% |
| NESR | National Energy Services Reunited Corp. | $2.1B | 23.26 | 2.06 | 9.4% |
| VET | Vermilion Energy Inc. | $2.1B | 1.35 | -19.5% | |
| ENB.TO | Enbridge Inc. | CAD 154.0B | 23.04 | 2.31 | 10.0% |
| 0KTI.L | Enbridge Inc. | CAD 153.4B | 22.46 | 2.25 | 10.0% |
| ENB-PN.TO | Enbridge Inc | CAD 151.9B | 23.04 | 2.31 | 10.0% |
| ENB-PT.TO | Enbridge Inc | CAD 151.3B | 23.04 | 2.31 | 10.0% |
| ENB-PA.TO | Enbridge Inc | CAD 150.9B | 23.04 | 2.31 | 10.0% |
Price
| Price | $54.43 (closing price, October 30, 2026) |
| Market Cap | $2.3B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 28.44% |
| Return on Invested Capital | 17.82% |
| Return on Assets | 16.92% |
| Gross Margin | 63.35% |
| Operating Margin | 57.73% |
| Net Margin | 55.33% |
Related companies: NESR · VET · ENB.TO · 0KTI.L · ENB-PN.TO · ENB-PT.TO · ENB-PA.TO · ENB-PFA.TO
Explore sector: Energy · Oil & Gas Midstream
More sections of LPG: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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