Teekay Tankers Ltd (TNK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Teekay Tankers Ltd stock $96.53, price $85.71, upside +12.6%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $9.14 – $108.43 · fair‑value band $72.17 – $132.85 · the $85.71 price screens below the $96.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Teekay Tankers Ltd., together with its subsidiaries, provides marine transportation services to oil industries in Bermuda and internationally. The company operates in two segments: Tankers and Marine Servies.
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It offers voyage and time charter services; offshore ship-to-ship transfer of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.
In addition, the company is involved in the vessels management, procurement, and equipment rental businesses. It serves energy and utility companies, oil traders, oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation.
The company was incorporated in 2007 and is based in Hamilton, Bermuda.
Stock analysis
Teekay Tankers Ltd (TNK) currently trades at $85.71, while our model-based Fair Value estimate is $96.53, implying the stock looks roughly 11% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $153.13 per share, and 18 of the 26 models we run sit above the $85.71 price.
Bear case: the Asset-Based group reads lowest at $29.33, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $72.17 (bear) to $132.85 (bull), the price of $85.71 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Energy sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Teekay Tankers Ltd reported revenue of $952M in FY2025 versus $542M in FY2021, a compound +15.1%/yr. Reported net income was $351M in FY2025.
Key figures
Market cap $3.4B Mid · P/E ratio 5.9 · P/S ratio 2.99 · EPS (TTM) $16.85 · Dividend yield 1.2% · Net margin 51.4% · Return on equity 28.0% · Return on assets (EBIT) 12.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 90 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 70% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −30% fair-value upside, at 13%, TNK screens cheaper than that median.
Fair Value models
Bear$72.17Fair Value $96.53Bull$132.85
Price $85.71 · Upside +12.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($13.55 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $1.9M and none bought.
SaleDavid SchellenbergDirector2× since Jun 8, 2026: 14,476 shares, avg. $86.17$1.2MSep 16, 2026
SaleSimon Heidi LockeDirector741 shares at $90.00$66,690Aug 18, 2026
SaleRohit (RK2) KapoorManaging Director, Sinagpore6,375 shares at $89.28$569,160Aug 18, 2026
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−22.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.4%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+37.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.8%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.39.7% vs 6.7%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 23%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−13.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +6.5% a year for the price and −15.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Fleet renewal supports leverage to strong spot rates through a younger mix of suezmax and aframax tankers, yet thin public signals on durable advantages and limited governance disclosures remain the core weakness.
Main risk: Exposure to cyclical spot-rate volatility in the tanker sector could reduce cash generation from vessel operations.
Teekay Tankers keeps renewing its fleet by selling older vessels including its last VLCC and adding younger suezmax and aframax tankers. The moves lower average age while preserving leverage to strong spot rates from shipping disruptions. Will the efficiency gains from newer ships boost cash generation more than any short-term disruption from the sales and purchases?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Midstream · 81 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+12.6% · Top 25%
Profitability
Return on equity (12 months)28.0% · Top 25%
Return on assets15.7% · Top 25%
Net margin (12 months)51.4% · Top 25%
Operating margin (12 months)50.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)63.0% · Top 25%
Dividend yield (12 months)1.2% · Bottom 25%
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
P/E (12 months)5.9× · Cheapest 25%
P/B1.69× · Cheaper than median
P/S (12 months)2.99× · Pricier than median
Price / free cash flow (fiscal year)30.6× · Pricier than median
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Is Teekay Tankers Ltd (TNK) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $96.53 versus a price of $85.71, about +13% upside (undervalued).
What is the fair value of TNK?
Our model-based fair value for Teekay Tankers Ltd is $96.53 (as of Nov 8, 2026), built from audited fundamentals. The current price: $85.71.
What is the quality score of TNK?
Teekay Tankers Ltd has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Teekay Tankers Ltd (TNK)?
Our model-based price target is the fair value of $96.53 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario $72.17, optimistic scenario $132.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Teekay Tankers Ltd stock forecast for 2026?
Our models put fair value at $96.53, about +13% upside versus a price of $85.71 (undervalued). Cautious scenario $72.17, optimistic scenario $132.85. The calculation is refreshed regularly with new filings.
What is the revenue of Teekay Tankers Ltd (TNK)?
Teekay Tankers Ltd reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Nov 8, 2026).
Does Teekay Tankers Ltd pay a dividend?
Teekay Tankers Ltd currently shows a dividend yield of 1.17% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Teekay Tankers Ltd (TNK) and when is the ex-dividend date?
Teekay Tankers Ltd pays a dividend of $1.00 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Aug 10, 2026. The payout ratio is 5.9% of earnings. Free cash flow covers the dividend 3.75 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Teekay Tankers Ltd (TNK)?
For today's price to be fair in a discounted-cash-flow model, Teekay Tankers Ltd would have to grow free cash flow by +9.0 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of TNK use?
Our models discount Teekay Tankers Ltd at 9.7 %: a base by market capitalisation (mid), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Teekay Tankers Ltd that is +9.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Teekay Tankers Ltd (TNK) delivered so far?
Over the past 5 years revenue at Teekay Tankers Ltd grew +1.4 % a year. The price currently implies free-cash-flow growth of +9.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Teekay Tankers Ltd (TNK) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Teekay Tankers Ltd (+9.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Teekay Tankers Ltd (TNK)?
The free-cash-flow yield on the price is 3.76 %: that much free cash flow Teekay Tankers Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Teekay Tankers Ltd (TNK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Teekay Tankers Ltd it is $96.53 per share (as of Nov 8, 2026), against a price of $85.71. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Teekay Tankers Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, TNK trades below its calculated fair value: price $85.71, fair value $96.53, a gap of about +13% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TNK?
No. The price is what the market pays today ($85.71); the fair value is what the company's own numbers justify ($96.53). For Teekay Tankers Ltd the two are $10.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is Teekay Tankers Ltd worth?
The market values Teekay Tankers Ltd at about $3.4B (market capitalisation, as of Nov 8, 2026). Per share that is $85.71; our models calculate a fair value of $96.53 per share.
What do the bullish and bearish scenarios say about TNK?
Our models span a range for Teekay Tankers Ltd: cautious scenario $72.17, base $96.53, optimistic $132.85 per share (as of Nov 8, 2026, price $85.71). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TNK?
Teekay Tankers Ltd trades at a price-to-earnings ratio of 5.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $96.53 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2025), reported earnings, FY2022, FY2023 ex one-offs: 4.3. Other multiples: PEG 1.1, P/B 1.7, P/S 3.0, EV/EBITDA 5.1.
What is the PEG ratio of TNK?
The PEG ratio of Teekay Tankers Ltd is 1.10 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Teekay Tankers Ltd (TNK)?
Balance-sheet figures for Teekay Tankers Ltd (as of Nov 8, 2026): return on equity 28.0%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is TNK from its 52-week high?
Teekay Tankers Ltd trades at $85.71, about 21% below its 52-week high of $108.43 and 70% above the low of $50.49 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $96.53 is for.
Which stocks are comparable to Teekay Tankers Ltd?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Kinder Morgan, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Teekay Tankers Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price $85.71, calculated fair value $96.53 (+13%), Quality Score 56/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TNK calculated?
We run Teekay Tankers Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $96.53 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Teekay Tankers Ltd currently trades 11% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Teekay Tankers Ltd (TNK)?
The closing price on Nov 6, 2026 was $85.71. Our model-based fair value is $96.53, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Teekay Tankers Ltd right now?
A fairly wide model range ($72.17 to $132.85) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Teekay Tankers Ltd (TNK) come from?
Earnings per share at Teekay Tankers Ltd grew +8.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.7 %, EBIT margin +2.0 %, tax rate +0.5 %, residual (interest, one-offs) +1.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Teekay Tankers Ltd
How large is the market capitalisation of Teekay Tankers Ltd (TNK)?
The market capitalisation of Teekay Tankers Ltd is $3.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Teekay Tankers Ltd (TNK)?
The price-to-sales ratio of Teekay Tankers Ltd is 2.99 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Teekay Tankers Ltd (TNK)?
Earnings per share at Teekay Tankers Ltd are $16.85 (price ÷ EPS = P/E 5.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Teekay Tankers Ltd (TNK)?
The dividend yield of Teekay Tankers Ltd is 1.2% (payout 5.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Teekay Tankers Ltd (TNK)?
The net margin of Teekay Tankers Ltd is 51.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Teekay Tankers Ltd (TNK)?
The return on equity (ROE) of Teekay Tankers Ltd is 28.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Teekay Tankers Ltd (TNK)?
On an EBIT basis the return on assets of Teekay Tankers Ltd is 12.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Teekay Tankers Ltd (TNK)?
The operating margin of Teekay Tankers Ltd is 50.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Teekay Tankers Ltd (TNK)?
Revenue at Teekay Tankers Ltd is growing +63.0% versus a year earlier (3y avg −6.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Teekay Tankers Ltd (TNK)?
Earnings per share at Teekay Tankers Ltd are growing +259% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Teekay Tankers Ltd (TNK) hold?
Teekay Tankers Ltd holds more cash than debt, $776M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026