Tsakos Energy Navigation Limited (TEN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tsakos Energy Navigation Limited stock $31.81, price $44.86, that is 29.1% below the price, quality 48 out of 100. Rating: overvalued. Calculated from audited financials with 13 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
60‑month range $5.52 – $56.40 · fair‑value band $23.86 – $48.30 · the $44.86 price screens above the $31.81 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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Tsakos Energy Navigation Limited, together with its subsidiaries, provides seaborne crude oil and petroleum product transportation services in Greece and internationally.
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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.
Stock analysis
Tsakos Energy Navigation Limited (TEN) currently trades at $44.86, while our model-based Fair Value estimate is $31.81, 29% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $67.60 per share, and 4 of the 13 models we run sit above the $44.86 price.
Bear case: the Dividend Discount group reads lowest at $24.97, and 9 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $23.86 (bear) to $48.30 (bull), the price of $44.86 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 48/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
Key figures
Market cap $1.3B Small · P/E ratio 4.5 · P/S ratio 1.40 · EPS (TTM) $9.87 · Dividend yield 4.5% · Net margin 33.8% · Return on equity 17.2% · Return on assets (EBIT) 5.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 116% 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 −29%, TEN screens cheaper than that median.
Fair Value models
Bear$23.86Fair Value $31.81Bull$48.30
Price $44.86 · Downside -29.1%
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 ($6.73 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, 4 officers or directors sold shares worth $1.1M and none bought.
SaleGeorgios SaroglouPresident and COO, Director5,000 shares at $53.20$266,000Oct 12, 2026
SaleTheoharrys Evgenios KosmatosCFO and CAO10,000 shares at $53.00$530,000Sep 18, 2026
SaleClio HatzimichalisDirector5,000 shares at $41.07$205,350Aug 13, 2026
SaleNicholas Francis TommasinoDirector2,490 shares at $40.07$99,774Jul 14, 2026
BuyNikolaos TsakosChief Executive Officer, Director25,000 shares at $39.94$998,375Apr 29, 2026
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.25/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−0.7%
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.
−2.5%
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.
+4.4%
Start year 2020 (pandemic). Over 10 years: −20.8% a year
Revenue growth 29 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.
−7.0%
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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.
+14.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.9%
Dividend (yield on the price)4.5%
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.base effect: 69.3% / 4.0%
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.15% → 30%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 14.9%/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.
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.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Compare Tsakos Energy Navigation Limited with another stock
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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 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−29.1% · Below median
Profitability
Return on equity (12 months)17.2% · Above median
Return on assets4.1% · Below median
Net margin (12 months)33.8% · Above median
Operating margin (12 months)41.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)54.4% · Top 25%
Dividend yield (12 months)4.5% · Above median
Balance sheet
Debt / equity0.82× · Below median
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
P/E (12 months)4.5× · Cheapest 25%
P/B0.74× · Cheapest 25%
P/S (12 months)1.40× · Cheaper than median
EV/EBITDA4.8× · Cheapest 25%
PEG2.53× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)100· sector 100
PAST (return on equity)69· sector 52
HEALTH (low debt)59· sector 55
DIVIDEND (yield)89· sector 79
VALUE 0: the price sits above our fair-value range.
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). "Tsakos Energy Navigation Limited Fair Value". https://www.fairvalue-calculator.com/stock/TEN
Frequently asked questions
Is Tsakos Energy Navigation Limited (TEN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $31.81 versus a price of $44.86, about 29% lower (overvalued).
What is the fair value of TEN?
Our model-based fair value for Tsakos Energy Navigation Limited is $31.81 (as of Nov 8, 2026), built from audited fundamentals. The current price: $44.86.
What is the quality score of TEN?
Tsakos Energy Navigation Limited has a Quality Score of 48/100. 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 Tsakos Energy Navigation Limited (TEN)?
Our model-based price target is the fair value of $31.81 (as of Nov 8, 2026) from 13 valuation models. Cautious scenario $23.86, optimistic scenario $48.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Tsakos Energy Navigation Limited stock forecast for 2026?
Our models put fair value at $31.81, about 29% lower versus a price of $44.86 (overvalued). Cautious scenario $23.86, optimistic scenario $48.30. The calculation is refreshed regularly with new filings.
What is the revenue of Tsakos Energy Navigation Limited (TEN)?
Tsakos Energy Navigation Limited reported trailing-twelve-month revenue of about $960M (latest available figure, as of Nov 8, 2026).
Does Tsakos Energy Navigation Limited pay a dividend?
Tsakos Energy Navigation Limited currently shows a dividend yield of 4.46% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Tsakos Energy Navigation Limited (TEN) and when is the ex-dividend date?
Tsakos Energy Navigation Limited pays a dividend of $2.00 per share a year, a dividend yield of 4.5%. The last ex-dividend date was Jul 23, 2026. A dividend has been paid every year since at least 2002. The payout ratio is 20.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Tsakos Energy Navigation Limited (TEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tsakos Energy Navigation Limited it is $31.81 per share (as of Nov 8, 2026), against a price of $44.86. It is the blended result of 13 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Economic Profit, Growth Earnings).
Is Tsakos Energy Navigation Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, TEN trades above its calculated fair value: price $44.86, fair value $31.81, a gap of about −29% (overvalued). 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 TEN?
No. The price is what the market pays today ($44.86); the fair value is what the company's own numbers justify ($31.81). For Tsakos Energy Navigation Limited the two are $13.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tsakos Energy Navigation Limited worth?
The market values Tsakos Energy Navigation Limited at about $1.3B (market capitalisation, as of Nov 8, 2026). Per share that is $44.86; our models calculate a fair value of $31.81 per share.
What do the bullish and bearish scenarios say about TEN?
Our models span a range for Tsakos Energy Navigation Limited: cautious scenario $23.86, base $31.81, optimistic $48.30 per share (as of Nov 8, 2026, price $44.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TEN?
Tsakos Energy Navigation Limited trades at a price-to-earnings ratio of 4.5 (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 $31.81 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2020 to 2025), reported earnings, FY2020, FY2023, FY2024 ex one-offs: 2.8. Other multiples: PEG 2.5, P/B 0.7, P/S 1.4, EV/EBITDA 4.8.
What is the PEG ratio of TEN?
The PEG ratio of Tsakos Energy Navigation Limited is 2.53 (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 Tsakos Energy Navigation Limited (TEN)?
Balance-sheet figures for Tsakos Energy Navigation Limited (as of Nov 8, 2026): return on equity 17.2%, debt of 0.82 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is TEN from its 52-week high?
Tsakos Energy Navigation Limited trades at $44.86, about 20% below its 52-week high of $56.40 and 116% above the low of $20.78 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $31.81 is for.
Which stocks are comparable to Tsakos Energy Navigation Limited?
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 Tsakos Energy Navigation Limited stock attractive at the current price?
The data as of Nov 8, 2026: price $44.86, calculated fair value $31.81 (−29%), Quality Score 48/100, from 13 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 TEN calculated?
We run Tsakos Energy Navigation Limited through 13 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $31.81 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. Tsakos Energy Navigation Limited itself currently trades above fair value. 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 Tsakos Energy Navigation Limited (TEN)?
The closing price on Nov 6, 2026 was $44.86. Our model-based fair value is $31.81, about 29% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tsakos Energy Navigation Limited right now?
Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($23.86 to $48.30) leaves room in how you read the outcome.
Where does the earnings growth of Tsakos Energy Navigation Limited (TEN) come from?
Earnings per share at Tsakos Energy Navigation Limited grew +9.5 % a year from 2012 to 2023. Broken into its drivers: revenue per share −14.1 %, EBIT margin +21.7 %, tax rate +0.5 %, residual (interest, one-offs) +4.2 %. 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 Tsakos Energy Navigation Limited
How large is the market capitalisation of Tsakos Energy Navigation Limited (TEN)?
The market capitalisation of Tsakos Energy Navigation Limited is $1.3B. 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 Tsakos Energy Navigation Limited (TEN)?
The price-to-sales ratio of Tsakos Energy Navigation Limited is 1.40 (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 Tsakos Energy Navigation Limited (TEN)?
Earnings per share at Tsakos Energy Navigation Limited are $9.87 (price ÷ EPS = P/E 4.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tsakos Energy Navigation Limited (TEN)?
The dividend yield of Tsakos Energy Navigation Limited is 4.5% (payout 20.3%). 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 Tsakos Energy Navigation Limited (TEN)?
The net margin of Tsakos Energy Navigation Limited is 33.8% (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 Tsakos Energy Navigation Limited (TEN)?
The return on equity (ROE) of Tsakos Energy Navigation Limited is 17.2% (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 Tsakos Energy Navigation Limited (TEN)?
On an EBIT basis the return on assets of Tsakos Energy Navigation Limited is 5.8% (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 Tsakos Energy Navigation Limited (TEN)?
The operating margin of Tsakos Energy Navigation Limited is 41.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tsakos Energy Navigation Limited (TEN)?
Revenue at Tsakos Energy Navigation Limited is growing +54.4% versus a year earlier (3y avg −2.5%). 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 Tsakos Energy Navigation Limited (TEN)?
Earnings per share at Tsakos Energy Navigation Limited are growing +560% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tsakos Energy Navigation Limited (TEN) generate?
The free cash flow of Tsakos Energy Navigation Limited is −$226M (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 Tsakos Energy Navigation Limited (TEN) carry?
The net debt of Tsakos Energy Navigation Limited is $1.6B (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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Some data
Nov 8, 2026