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Tsakos Energy Navigation Limited (TEN) Fair Value & Analysis

Energy · US · Market cap $1.2B

TE Tsakos Energy Navigation Limited logo Tsakos Energy Navigation Limited TEN · US
Price$39.14
Fair Value$40.46
Upside+3.4%
Quality47/100
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Mixed Growth
Highly profitable · 24.8% net margin
Moderate debt · negative free cash flow
Ranks above peers (11/14)
Wide moat 69/100
Evidence: High Range $30.20 – $56.42 Share as image

Fair value as of: Jul 19, 2026

From 16 valuation models · updated 22 days ago

Share price −0.1% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($30.20 to $56.42) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$44.47 $5.66 Fair Value $40.46 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $5.66 – $44.47 · fair‑value band $30.20 – $56.42 · the $39.14 price screens below the $40.46 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Tsakos Energy Navigation Limited (TEN) currently trades at $39.14, while our model-based Fair Value estimate is $40.46, implying the stock looks roughly 3.4% fairly valued today. The Quality Score stands at 47/100 (below-average quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Tsakos Energy Navigation Limited generated revenue of $855M at a net margin of 24.8%. Revenue grew 28.4% year over year. It earns a return on equity of 11.7%. Net debt stands at $1.6B. Fundamentals as of Jul 19, 2026

Our scenario range runs from $30.20 (bear case) to $56.42 (bull case); at $39.14, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 122% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at 3%, TEN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $48.47 $51.58 $56.42 76
ROIC Compounder $0.9600 $4.98 72
Gordon GGM $15.51 $27.95 $38.47 70
All 16 models by family
Earnings-Based
Graham-Dodd $36.32 $164.39 $225.44 54
Lynch FV $42.96 $61.37 $79.77 50
PEG = 1.0 $42.96 $61.37 $79.77 46
EPV $0.9600 $4.98 59
Dividend Discount
Gordon GGM $15.51 $27.95 $38.47 70
DDM Multi-Stage $15.51 $25.53 $29.85 61
Multiples
P/E Multiple $56.08 $74.77 $93.46 63
P/S Multiple $23.86 $31.81 $39.77 58
P/B Multiple $68.09 $90.79 $113.49 55
EV/EBIT $20.63 $40.61 $60.58 53
EV/EBITDA $22.05 $42.51 $62.96 54
EV/Revenue $2.05 43
Asset-Based
NCAV (Graham) $30.20 $40.46 $60.39 50
Economic Profit
Residual Income $48.47 $51.58 $56.42 76
ROIC Compounder $0.9600 $4.98 72
Growth Earnings
Growth-Adj P/E $56.67 $80.96 $105.25 68

Widest divergence: Growth Earnings ($80.96) versus Economic Profit ($0.9600). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $855M
Revenue growth (YoY) +28.4%
Net margin 24.8%
Return on equity 11.7%
Free cash flow −$226M FY2025
P/E ratio 6.7
More key figures
Operating margin 43.4%
EPS (TTM) $6.13
EPS growth (YoY) +163%
Net debt $1.6B FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 43 · Market factors (momentum, volatility) 81

Profitability 36
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 69
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Tsakos Energy Navigation Limited, together with its subsidiaries, provides seaborne crude oil and petroleum product transportation services in Greece and internationally. The company owns and operates various vessels, including VLCC, Suezmax, Aframax, Panamax, Handysize, MR, LNG carrier, and shuttle DP2 tankers.

Full company description

Tsakos Energy Navigation Limited, together with its subsidiaries, provides seaborne crude oil and petroleum product transportation services in Greece and internationally. The company owns and operates various vessels, including VLCC, Suezmax, Aframax, Panamax, Handysize, MR, LNG carrier, and shuttle DP2 tankers. It also provides marine transportation services for national, major, and other independent oil companies and refiners. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was incorporated in 1993 and is based in Athens, Greece.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tsakos Energy Navigation Limited reported revenue of $799M in FY2025 versus $546M in FY2021, a compound +10.0%/yr. Reported net income was $161M in FY2025.

Growth Quality 20/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$799M
Latest YoY
−0.7%
Avg. growth/yr (3Y)
−2.5%
Avg. growth/yr (5Y)
+4.4%
Avg. growth/yr (29Y)
−7.0%
Revenue +10.0%/yr
FY21 $546M
FY22 $860M
FY23 $890M
FY24 $804M
FY25 $799M
Net income
FY21 −$151M
FY22 $204M
FY23 $300M
FY24 $176M
FY25 $161M

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Cite: Fair Value Calculator (2026). "Tsakos Energy Navigation Limited Fair Value". https://www.fairvalue-calculator.com/stock/TEN

Peer Group

Oil & Gas Midstream · 87 stocks

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.

Quality Score 47 · Below median
Fair Value upside +3% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 5% · Above median
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 43% · Top 25%
Revenue growth 28% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.82× · Lower than median

Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper

P/E (TTM) 6.7× · Cheaper than 75% of peers
P/B 0.68× · Cheaper than 75% of peers
P/S (TTM) 1.45× · Cheaper than median
EV/EBITDA 5.5× · Cheaper than 75% of peers
PEG 2.53× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 38 · sector 0
FUTURE 100 · sector 41
PAST 47 · sector 41
HEALTH 59 · sector 54
DIVIDEND 0 · sector 99

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Enbridge Inc ENB $56.46 $47.20 -16%
The Williams Companies, Inc WMB $73.38 $12.03 -84%
Enterprise Products Partners L.P. EPD $38.31 $24.74 -35%
TC Energy Corporation TRP C$97.79 C$42.00 -57%
Kinder Morgan, Inc KMI $32.54 $11.12 -66%
Energy Transfer LP, ET $19.91 $17.69 -11%
ONEOK, Inc OKE $93.52 $64.05 -32%
Targa Resources Corp TRGP $273.35 $79.61 -71%
MPLX LP owns and MPLX $57.17 $37.05 -35%
Cheniere Energy, Inc LNG $255.83 $211.18 -17%

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Frequently asked questions

Is Tsakos Energy Navigation Limited (TEN) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $40.46 versus a price of $39.14, about +3% (fairly valued).
What is the fair value of TEN?
Our model-based fair value for Tsakos Energy Navigation Limited is $40.46 (as of Jul 19, 2026), built from audited fundamentals. The current price is $39.14.
What is the quality score of TEN?
Tsakos Energy Navigation Limited has a Quality Score of 47/100. 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 revenue of Tsakos Energy Navigation Limited (TEN)?
Tsakos Energy Navigation Limited reported trailing-twelve-month revenue of about $855M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of TEN?
The net profit margin of Tsakos Energy Navigation Limited is about 24.8%, meaning it keeps roughly 24.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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