Global Ship Lease Inc (GSL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Global Ship Lease Inc stock $40.98, price $39.03, upside +5.0%, quality 62 out of 100. Rating: fairly valued. 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 $11.08 – $46.40 · fair‑value band $26.43 – $63.73 · the $39.03 price screens below the $40.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Global Ship Lease, Inc., together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide.
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As of March 12, 2026, it owned 71 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 423,003 TEU. The company was formerly known as Marathon Acquisition Corp. and changed its name to Global Ship Lease, Inc. in August 2008.
Global Ship Lease, Inc. was founded in 2007 and is based in Athens, Greece.
Stock analysis
Global Ship Lease Inc (GSL) currently trades at $39.03, while our model-based Fair Value estimate is $40.98, so the stock looks roughly fairly valued today (gap 4.8%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $221.87 per share, and 21 of the 26 models we run sit above the $39.03 price.
Bear case: the Dividend Discount group reads lowest at $31.45, and 5 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: $26.43 (bear) to $63.73 (bull), the price of $39.03 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 62/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Global Ship Lease Inc reported revenue of $766M in FY2025 versus $403M in FY2021, a compound +17.5%/yr. Reported net income was $416M in FY2025, compounding +24.8%/yr from FY2021.
Key figures
Market cap $1.4B Small · P/E ratio 3.7 · P/S ratio 1.89 · EPS (TTM) $10.24 · Dividend yield 6.4% · Net margin 50.4% · Return on equity 21.4% · Return on assets (EBIT) 14.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 83 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 31% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 5%, GSL screens richer than that median.
Fair Value models
Bear$26.43Fair Value $40.98Bull$63.73
Price $39.03 · Upside +5.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 ($6.62 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.
Best data coverage
FCF DCF$109.52$187.31$306.5878
Growth DCF$107.55$175.42$272.8177
Owner Earnings$123.29$210.35$343.8275
All 26 models by family
DCF Models
FCF DCF$109.52$187.31$306.5878
Owner Earnings$123.29$210.35$343.8275
5Y Revenue Exit$53.40$79.03$110.6673
5Y EBITDA Exit$118.21$213.13$332.0273
5Y P/E Exit$141.21$260.73$398.0369
10Y Revenue Exit$73.16$103.59$144.9967
10Y EBITDA Exit$113.12$193.17$314.1267
10Y P/E Exit$127.03$224.97$364.5562
Earnings-Based
Graham-Dodd$78.59$370.87$509.9764
Lynch FV$98.37$140.53$182.6961
PEG = 1.0$98.37$140.53$182.6957
EPV$71.06$81.48$90.1574
Dividend Discount
Gordon GGM$18.32$32.83$44.9868
DDM Multi-Stage$18.32$30.07$35.0967
Multiples
P/E Multiple$182.02$242.69$303.3763
P/S Multiple$31.90$42.54$53.1758
P/B Multiple$22.53$30.04$37.5555
EV/EBIT$127.46$173.32$219.1866
EV/EBITDA$131.74$179.02$226.3167
EV/Revenue$16.68$28.16$39.6552
Asset-Based
NCAV (Graham)$24.72$33.13$49.4454
Growth DCF
Growth DCF$107.55$175.42$272.8177
Rev-Margin DCF$53.40$80.20$112.3073
Economic Profit
Residual Income$62.45$85.04$150.2573
ROIC Compounder$77.85$101.16$130.2272
Growth Earnings
Growth-Adj P/E$155.31$221.87$288.4367
The fair value above starts from this blend and is adjusted for a cyclical peak year.
SaleUlrike HelferDirector4,000 shares at $44.82$179,274Sep 30, 2026
SaleAnastasios PsaropoulosChief Financial Officer2× since Mar 25, 2026: 73,173 shares, avg. $43.11$3.2MAug 27, 2026
SaleThomas Arthur ListerChief Executive Officer30,000 shares at $44.26$1.3MAug 26, 2026
SaleYoram NeugebornDirector3,000 shares at $41.13$123,390Jul 14, 2026
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.6%
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.
+8.2%
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.
+22.1%
Start year 2020 (pandemic). Over 10 years: +16.6% a year
Revenue growth 19 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.
+5.1%
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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: EBIT basis.
+16.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)6.4%
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.28.9% vs 27.6%, steady
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.37% → 51%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.9%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−15.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
−3.9%
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 −17.9% a year for the price and −6.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (94 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.
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.Marine Shipping · 220 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+5.0% · Below median
Profitability
Return on equity (12 months)21.4% · Top 25%
Return on assets14.6% · Top 25%
Net margin (12 months)50.4% · Top 25%
Operating margin (12 months)48.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)2.0% · Bottom 25%
Dividend yield (12 months)6.4% · Top 25%
Balance sheet
Debt / equity0.30× · Above median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Is Global Ship Lease Inc (GSL) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $40.98 versus a price of $39.03, about +5% upside (fairly valued).
What is the fair value of GSL?
Our model-based fair value for Global Ship Lease Inc is $40.98 (as of Nov 8, 2026), built from audited fundamentals. The current price: $39.03.
What is the quality score of GSL?
Global Ship Lease Inc has a Quality Score of 62/100. 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 Global Ship Lease Inc (GSL)?
Our model-based price target is the fair value of $40.98 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario $26.43, optimistic scenario $63.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Global Ship Lease Inc stock forecast for 2026?
Our models put fair value at $40.98, about +5% upside versus a price of $39.03 (fairly valued). Cautious scenario $26.43, optimistic scenario $63.73. The calculation is refreshed regularly with new filings.
What is the revenue of Global Ship Lease Inc (GSL)?
Global Ship Lease Inc reported trailing-twelve-month revenue of about $761M (latest available figure, as of Nov 8, 2026).
Does Global Ship Lease Inc pay a dividend?
Global Ship Lease Inc currently shows a dividend yield of 6.41% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Global Ship Lease Inc (GSL) and when is the ex-dividend date?
Global Ship Lease Inc pays a dividend of $2.50 per share a year, a dividend yield of 6.4%. The last ex-dividend date was Aug 21, 2026. A dividend has been paid every year since 2021. The payout ratio is 27.6% of earnings (on adjusted earnings, reported 24.4%). Free cash flow covers the dividend 3.99 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 Global Ship Lease Inc (GSL)?
For today's price to be fair in a discounted-cash-flow model, Global Ship Lease Inc would have to grow free cash flow by -15.9 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.1 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of GSL use?
Our models discount Global Ship Lease Inc at 11.1 %: a base by market capitalisation (small), damped by beta 0.95, 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 Global Ship Lease Inc that is -15.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Global Ship Lease Inc (GSL) delivered so far?
Over the past 5 years revenue at Global Ship Lease Inc grew +22.1 % a year. The price currently implies free-cash-flow growth of -15.9 % 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 Global Ship Lease Inc (GSL) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Global Ship Lease Inc (-15.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Global Ship Lease Inc (GSL)?
The free-cash-flow yield on the price is 25.55 %: that much free cash flow Global Ship Lease Inc produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Global Ship Lease Inc (GSL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Global Ship Lease Inc it is $40.98 per share (as of Nov 8, 2026), against a price of $39.03. 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 Global Ship Lease Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, GSL trades below its calculated fair value: price $39.03, fair value $40.98, a gap of about +5% (fairly valued). 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 GSL?
No. The price is what the market pays today ($39.03); the fair value is what the company's own numbers justify ($40.98). For Global Ship Lease Inc the two are $1.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is Global Ship Lease Inc worth?
The market values Global Ship Lease Inc at about $1.4B (market capitalisation, as of Nov 8, 2026). Per share that is $39.03; our models calculate a fair value of $40.98 per share.
What do the bullish and bearish scenarios say about GSL?
Our models span a range for Global Ship Lease Inc: cautious scenario $26.43, base $40.98, optimistic $63.73 per share (as of Nov 8, 2026, price $39.03). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GSL?
Global Ship Lease Inc trades at a price-to-earnings ratio of 3.7 (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 $40.98 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 3.8 (reported for FY2025: 3.4). Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings, FY2025 ex one-offs: 2.7. Other multiples: PEG 0.9, P/B 0.8, P/S 1.9, EV/EBITDA 3.6.
What is the PEG ratio of GSL?
The PEG ratio of Global Ship Lease Inc is 0.87 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Global Ship Lease Inc (GSL)?
Balance-sheet figures for Global Ship Lease Inc (as of Nov 8, 2026): return on equity 21.4%, debt of 0.30 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is GSL from its 52-week high?
Global Ship Lease Inc trades at $39.03, about 16% below its 52-week high of $46.40 and 31% above the low of $29.70 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $40.98 is for.
Which stocks are comparable to Global Ship Lease Inc?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Global Ship Lease Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $39.03, calculated fair value $40.98 (+5%), Quality Score 62/100, 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 GSL calculated?
We run Global Ship Lease Inc 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 $40.98 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. Global Ship Lease Inc currently trades 5% 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 Global Ship Lease Inc (GSL)?
The closing price on Nov 6, 2026 was $39.03. Our model-based fair value is $40.98, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Global Ship Lease Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($26.43 to $63.73) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Global Ship Lease Inc (GSL) come from?
Earnings per share at Global Ship Lease Inc grew +11.0 % a year from 2013 to 2024. Broken into its drivers: revenue per share −2.7 %, EBIT margin +5.4 %, tax rate +0.0 %, residual (interest, one-offs) +8.3 %. 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 Global Ship Lease Inc
How large is the market capitalisation of Global Ship Lease Inc (GSL)?
The market capitalisation of Global Ship Lease Inc is $1.4B. 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 Global Ship Lease Inc (GSL)?
The price-to-sales ratio of Global Ship Lease Inc is 1.89 (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 Global Ship Lease Inc (GSL)?
Earnings per share at Global Ship Lease Inc are $10.24 (price ÷ EPS = P/E 3.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Global Ship Lease Inc (GSL)?
The dividend yield of Global Ship Lease Inc is 6.4% (payout 27.6%, on adjusted earnings, reported 24.4%). 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 Global Ship Lease Inc (GSL)?
The net margin of Global Ship Lease Inc is 50.4% (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 Global Ship Lease Inc (GSL)?
The return on equity (ROE) of Global Ship Lease Inc is 21.4% (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 Global Ship Lease Inc (GSL)?
On an EBIT basis the return on assets of Global Ship Lease Inc is 14.8% (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 Global Ship Lease Inc (GSL)?
The operating margin of Global Ship Lease Inc is 48.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Global Ship Lease Inc (GSL)?
Revenue at Global Ship Lease Inc is growing +2.0% versus a year earlier (3y avg +8.2%). 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 Global Ship Lease Inc (GSL)?
Earnings per share at Global Ship Lease Inc are growing −5.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Global Ship Lease Inc (GSL) carry?
The net debt of Global Ship Lease Inc is $365M (fiscal year 2025, ≈ 1.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026