Toro Ltd (TORO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Toro Ltd stock $5.46, price $3.91, upside +39.6%, quality 36 out of 100. Rating: undervalued. Calculated from audited financials with 10 of our 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
44‑month range $0.8818 – $7.88 · fair‑value band $3.82 – $7.10 · the $3.91 price screens below the $5.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing LPG carrier vessels and MR tankers worldwide. It operates through three segments, Eco Tanker, Non-Eco Tanker, and LPG Carrier segments.
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The company provides energy seaborne transportation services for LPG. It also operates and maintains a fleet of two LPG carrier vessels; and a fleet of two MR tankers with an aggregate cargo carrying capacity of 0.1 million deadweight tonnage.
The company was formerly known as Tankco Shipping Inc. and changed its name to Toro Corp. in September 2022. Toro Corp. was founded in 2022 and is based in Limassol, Cyprus. Toro Corp. is a subsidiary of Castor Maritime Inc.
Stock analysis
Toro Ltd (TORO) currently trades at $3.91, while our model-based Fair Value estimate is $5.46, implying the stock looks roughly 28% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $4.62 per share, and 2 of the 10 models we run sit above the $3.91 price.
Bear case: the Asset-Based group reads lowest at $1.57, and 8 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: $3.82 (bear) to $7.10 (bull), the price of $3.91 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 36/100 (below-average quality), in the Energy sector.
Mixed Growth: Spin-off in 2022: revenue and profit before it include the divested business. Growth is measured afresh from 2022.
Toro Ltd reported revenue of $21.1M in FY2025 versus $29.3M in FY2021, a compound −7.9%/yr. Reported net income was $5.9M in FY2025.
Key figures
Market cap $135M Micro · P/S ratio 5.86 · EPS (TTM) $−0.1300 · Net margin 28.1% · Return on equity 1.2% · Return on assets (EBIT) 0.1% (5-year average) · Operating margin −15.5% · Revenue (TTM) $24.4M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 89% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −30% fair-value upside, at 40%, TORO screens cheaper than that median.
Fair Value models
Bear$3.82Fair Value $5.46Bull$7.10
Price $3.91 · Upside +39.6%
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.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
Residual Income$4.34$4.62$4.9873
Gordon GGM$0.2400$0.2500$0.270067
EV/EBITDA$2.61$2.64$2.6667
All 10 models by family
Earnings-Based
Graham-Dodd$1.17$1.60$1.8665
Dividend Discount
Gordon GGM$0.2400$0.2500$0.270067
DDM Multi-Stage$0.2400$0.2700$0.310065
Multiples
P/E Multiple$2.70$3.61$4.5163
P/S Multiple$0.9200$1.22$1.5358
P/B Multiple$28.26$37.68$47.1155
EV/EBITDA$2.61$2.64$2.6667
Asset-Based
NCAV (Graham)$1.04$1.57$1.9754
Economic Profit
Residual Income$4.34$4.62$4.9873
Growth Earnings
Growth-Adj P/E$1.91$2.73$3.5565
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
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.55/100
Spin-off in 2022: revenue and profit before it include the divested business. Growth is measured afresh from 2022.
Revenue growth 1 year
−5.9%
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.
+10.5%
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
−62.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−62.8%
Dividend (yield on the price)0.0%
Profit margin 2021 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.−3% → −22%
News mood ⓘNews mood, the average tone of recent news (43 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.Oil & Gas Midstream · 81 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+39.6% · Top 25%
Profitability
Return on equity (12 months)1.2% · Bottom 25%
Return on assets1.8% · Below median
Net margin (12 months)16.4% · Below median
Operating margin (12 months)−15.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)7.7% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Toro Ltd Fair Value". https://www.fairvalue-calculator.com/stock/TORO
Frequently asked questions
Is Toro Ltd (TORO) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $5.46 versus a price of $3.91, about +40% upside (undervalued).
What is the fair value of TORO?
Our model-based fair value for Toro Ltd is $5.46 (as of Nov 8, 2026), built from audited fundamentals. The current price: $3.91.
What is the quality score of TORO?
Toro Ltd has a Quality Score of 36/100. 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 Toro Ltd (TORO)?
Our model-based price target is the fair value of $5.46 (as of Nov 8, 2026) from 10 valuation models. Cautious scenario $3.82, optimistic scenario $7.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Toro Ltd stock forecast for 2026?
Our models put fair value at $5.46, about +40% upside versus a price of $3.91 (undervalued). Cautious scenario $3.82, optimistic scenario $7.10. The calculation is refreshed regularly with new filings.
What is the revenue of Toro Ltd (TORO)?
Toro Ltd reported trailing-twelve-month revenue of about $24.4M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Toro Ltd (TORO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Toro Ltd it is $5.46 per share (as of Nov 8, 2026), against a price of $3.91. It is the blended result of 10 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Toro Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, TORO trades below its calculated fair value: price $3.91, fair value $5.46, a gap of about +40% (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 TORO?
No. The price is what the market pays today ($3.91); the fair value is what the company's own numbers justify ($5.46). For Toro Ltd the two are $1.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Toro Ltd worth?
The market values Toro Ltd at about $135M (market capitalisation, as of Nov 8, 2026). Per share that is $3.91; our models calculate a fair value of $5.46 per share.
What do the bullish and bearish scenarios say about TORO?
Our models span a range for Toro Ltd: cautious scenario $3.82, base $5.46, optimistic $7.10 per share (as of Nov 8, 2026, price $3.91). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Toro Ltd (TORO)?
Balance-sheet figures for Toro Ltd (as of Nov 8, 2026): return on equity 1.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is TORO from its 52-week high?
Toro Ltd trades at $3.91, about 42% below its 52-week high of $6.78 and 89% above the low of $2.06 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $5.46 is for.
Which stocks are comparable to Toro 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 Toro Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price $3.91, calculated fair value $5.46 (+40%), Quality Score 36/100, from 10 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 TORO calculated?
We run Toro Ltd through 10 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $5.46 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 13.3% above its aggregate fair value. Toro Ltd currently trades 28% 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 Toro Ltd (TORO)?
The closing price on Nov 6, 2026 was $3.91. Our model-based fair value is $5.46, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Toro Ltd right now?
The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($3.82 to $7.10) leaves room in how you read the outcome.
Key figures of Toro Ltd
How large is the market capitalisation of Toro Ltd (TORO)?
The market capitalisation of Toro Ltd is $135M. 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 Toro Ltd (TORO)?
The price-to-sales ratio of Toro Ltd is 5.86 (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 Toro Ltd (TORO)?
Earnings per share at Toro Ltd are $−0.1300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Toro Ltd (TORO)?
The net margin of Toro Ltd is 28.1% (fiscal year 2025). 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 Toro Ltd (TORO)?
The return on equity (ROE) of Toro Ltd is 1.2% (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 Toro Ltd (TORO)?
On an EBIT basis the return on assets of Toro Ltd is 0.1% (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 Toro Ltd (TORO)?
The operating margin of Toro Ltd is −15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Toro Ltd (TORO)?
Revenue at Toro Ltd is growing +7.7% versus a year earlier (3y avg +10.5%). 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 Toro Ltd (TORO)?
Earnings per share at Toro Ltd are growing −96.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Toro Ltd (TORO) generate?
The free cash flow of Toro Ltd is −$73.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Toro Ltd (TORO) hold?
Toro Ltd holds more cash than debt, $87.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026
