Performance Shipping Inc (PSHG) fair value: what the stock is really worth
As of Oct 15, 2026: fair value of Performance Shipping Inc $1.97, price $1.61, upside +22.6%, quality 32 out of 100. 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, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range $0.6900 – $89.70 · fair‑value band $1.42 – $2.73 · the $1.61 price screens below the $1.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 3, 2026.
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Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide.
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As of December 31, 2025, it operated through a fleet of nine Aframax tanker vessels and two Suezmax tanker vessels with a combined carrying capacity of 1,287,118 DWT. The company was incorporated in 2010 and is based in Athens, Greece.
Stock analysis
Performance Shipping Inc (PSHG) currently trades at $1.61, while our model-based Fair Value estimate is $1.97, implying the stock looks roughly 18.4% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $17.43 per share, and 15 of the 15 models we run sit above the $1.61 price.
Bear case: the Dividend Discount group reads lowest at $2.23, and 0 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: $1.42 (bear) to $2.73 (bull), the price of $1.61 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 32/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Performance Shipping Inc reported revenue of $84.2M in FY2025 versus $36.5M in FY2021, a compound +23.2%/yr. Reported net income was $50.0M in FY2025.
Key figures
Market cap $21.0M · P/E ratio 2.1 · P/S ratio 1.23 · EPS (TTM) $0.7800 · Dividend yield 8.8% · Net margin 59.4% · Return on equity 9.7% · Return on assets (EBIT) 10.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 53% fair-value upside, at 23%, PSHG screens richer than that median.
Fair Value models
Bear$1.42Fair Value $1.97Bull$2.73
Price $1.61 · Upside +22.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.6176 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.
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.51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−3.7%
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.
+3.8%
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.
+14.9%
Start year 2020 (pandemic). Over 10 years: +3.1% a year
Revenue growth 15 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.
+19.6%
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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.
−28.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−37.6%
Dividend (yield on the price)8.8%
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.−35.5% vs −71.5%, 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.10% → 39%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 77.6%/yr over ~10Y (margin trend unclear) ⓘ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.
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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 · 230 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside+22.6% · Above median
Profitability
Return on equity (12 months)9.7% · Above median
Return on assets8.9% · Top 25%
Net margin (12 months)31.9% · Top 25%
Operating margin (12 months)44.7% · Top 25%
Growth and dividend
Revenue growth58.3% · Top 25%
Dividend yield (12 months)8.8% · Top 25%
Balance sheet
Debt / equity0.65× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Is Performance Shipping Inc (PSHG) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $1.97 versus a price of $1.61, about +23% upside (undervalued).
What is the fair value of PSHG?
Our model-based fair value for Performance Shipping Inc is $1.97 (as of Oct 3, 2026), built from audited fundamentals. The current price: $1.61.
What is the quality score of PSHG?
Performance Shipping Inc has a Quality Score of 32/100. 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 Performance Shipping Inc (PSHG)?
Our model-based price target is the fair value of $1.97 (as of Oct 3, 2026) from 16 valuation models. Cautious scenario $1.42, optimistic scenario $2.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Performance Shipping Inc stock forecast for 2026?
Our models put fair value at $1.97, about +23% upside versus a price of $1.61 (undervalued). Cautious scenario $1.42, optimistic scenario $2.73. The calculation is refreshed regularly with new filings.
What is the revenue of Performance Shipping Inc (PSHG)?
Performance Shipping Inc reported trailing-twelve-month revenue of about $96.6M (latest available figure, as of Oct 3, 2026).
Does Performance Shipping Inc pay a dividend?
Performance Shipping Inc currently shows a dividend yield of about 8.77% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Performance Shipping Inc (PSHG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Performance Shipping Inc it is $1.97 per share (as of Oct 3, 2026), against a price of $1.61. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Performance Shipping Inc stock overvalued or undervalued in 2026?
As of Oct 3, 2026, PSHG trades below its calculated fair value: price $1.61, fair value $1.97, a gap of about +23% (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 PSHG?
No. The price is what the market pays today ($1.61); the fair value is what the company's own numbers justify ($1.97). For Performance Shipping Inc the two are $0.3640 per share apart. That gap is exactly why we show both numbers side by side.
How much is Performance Shipping Inc worth?
The market values Performance Shipping Inc at about $21.0M (market capitalisation, as of Oct 3, 2026). Per share that is $1.61; our models calculate a fair value of $1.97 per share.
What do the bullish and bearish scenarios say about PSHG?
Our models span a range for Performance Shipping Inc: cautious scenario $1.42, base $1.97, optimistic $2.73 per share (as of Oct 3, 2026, price $1.61). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PSHG?
Performance Shipping Inc trades at a price-to-earnings ratio of 2.1 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.97 is built from several models across several years. Other multiples: PEG 7.3, P/B 0.1, P/S 0.2, EV/EBITDA 3.5.
What is the PEG ratio of PSHG?
The PEG ratio of Performance Shipping Inc is 7.27 (P/E divided by earnings growth, as of Oct 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Performance Shipping Inc (PSHG)?
Balance-sheet figures for Performance Shipping Inc (as of Oct 3, 2026): return on equity 9.7%, debt of 0.65 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is PSHG from its 52-week high?
Performance Shipping Inc trades at $1.61, about 37% below its 52-week high of $2.55 and at the low of $1.61 (as of Oct 15, 2026). Distance from the high says nothing about value: that is what the fair value of $1.97 is for.
Which stocks are comparable to Performance Shipping 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 Performance Shipping Inc stock attractive at the current price?
The data as of Oct 3, 2026: price $1.61, calculated fair value $1.97 (+23%), Quality Score 32/100, from 16 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 PSHG calculated?
We run Performance Shipping Inc through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $1.97, 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 13.8 % above its aggregate fair value. Performance Shipping Inc currently trades 18 % 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 Performance Shipping Inc (PSHG)?
The closing price on Oct 15, 2026 was $1.61. Our model-based fair value is $1.97, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Performance Shipping Inc right now?
A fairly wide model range ($1.42 to $2.73) 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.
Key figures of Performance Shipping Inc
How large is the market capitalisation of Performance Shipping Inc (PSHG)?
The market capitalisation of Performance Shipping Inc is $21.0M. 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 Performance Shipping Inc (PSHG)?
The price-to-sales ratio of Performance Shipping Inc is 1.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Performance Shipping Inc (PSHG)?
Earnings per share at Performance Shipping Inc are $0.7800 (price ÷ EPS = P/E 2.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Performance Shipping Inc (PSHG)?
The dividend yield of Performance Shipping Inc is 8.8% (payout 18.1%). 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 Performance Shipping Inc (PSHG)?
The net margin of Performance Shipping Inc is 59.4% (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 Performance Shipping Inc (PSHG)?
The return on equity (ROE) of Performance Shipping Inc is 9.7% (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 Performance Shipping Inc (PSHG)?
On an EBIT basis the return on assets of Performance Shipping Inc is 10.4% (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 Performance Shipping Inc (PSHG)?
The operating margin of Performance Shipping Inc is 44.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Performance Shipping Inc (PSHG)?
Revenue at Performance Shipping Inc is growing +58.3% versus a year earlier (3y avg +3.8%). 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 Performance Shipping Inc (PSHG)?
Earnings per share at Performance Shipping Inc are growing −65.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Performance Shipping Inc (PSHG) generate?
The free cash flow of Performance Shipping Inc is −$231M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Performance Shipping Inc (PSHG) carry?
The net debt of Performance Shipping Inc is $174M (fiscal year 2025). 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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Broad data
Oct 3, 2026