Dorian LPG (LPG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Dorian LPG

NYSE•Energy•Oil & Gas Midstream

$59.81+1.95(0.03%)Market open

Market Cap

$2.48B

P/E

7.7x

P/S

4.2x

P/B

2.0x

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-eight very large gas carriers. Dorian LPG Ltd. was incorporated in 2013 and is headquartered in Stamford, Connecticut.

How this company scores

ExcellentMetricSide Score: 96/100

Strongest: Profitability (25/25); weakest: Growth (22/25).

Profitability25/25

Growth22/25

Balance Sheet & Red Flags24/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 7.7x5y range 4.6x – 21.1x

Currently near its 20-quarter median.

P/S · 4.2x5y range 2.4x – 5.1x

Currently above its 20-quarter median.

P/B · 2.0x5y range 0.9x – 2.0x

Price & Volume

Market Cap $2.48B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $585.18M
Q. Revenue: $187.88M
TTM EBITDA: $408.26M
TTM Op. Income: $337.25M
Q. Op. Income: $142.66M
TTM Net Income: $321.87M
Q. Net Income: $138.29M
EPS: $3.25
Shares Out.: $42.55M

$585.18M in TTM revenue grew 81.1% YoY, reaching $187.88M last quarter. TTM EBITDA of $408.26M and TTM operating income of $337.25M show growth is flowing through to the bottom line. TTM net income of $321.87M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 59.5%
EBITDA Margin: 85.3%
Op. Margin: 75.9%
Net Margin: 73.6%

Op. margin of 75.9% is up 57.4% YoY — cost efficiency is improving. Net margin at 73.6% and gross margin of 59.5% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 7.7x
P/S Ratio: 4.2x
P/B Ratio: 2.0x

At 7.7x P/E, the stock trades below typical market levels. P/S of 4.2x and P/B of 2.0x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 64% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.90B
Cash: $342.14M
Long-Term Debt: $348.87M
Book Value: $1.24B
D/E Ratio: 0.3
Debt/EBITDA: 2.2

With $1.90B in assets and $348.87M in long-term debt, D/E is 0.3and book value is $1.24B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 40% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $30.47M
TTM Free Cash Flow: $238.73M
FCF Margin: 40.8%
FCF / Net Income: 0.7

TTM FCF of $238.73M on $30.47M in operating cash flow. The FCF / Net Income ratio of 0.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.