# Nordic American Tankers Limited (NAT) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Industrials / Shipping. Price $7.44, market value $1.6 billion.

## Valuation
- **P/E (trailing): 12.6×** (5-yr avg 25.2×, 3-yr avg 23.5×). Nordic American Tankers Limited trades at 12.6× trailing earnings, well below its own five-year average of 25.2×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 8.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.3×**. Each dollar of revenue is priced at 4.3×.
- **Price / book: 3.3×**. The shares trade at 3.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 12.3×**. Enterprise value is 12.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.6%**. Free cash flow equals 7.6% of the market value. Above 5% is generally attractive.
- **Earnings yield: 7.9%**. The inverse of the P/E: 7.9% of the price is earned each year.

## Profitability
- **Gross margin: 37.9%**. Nordic American Tankers Limited keeps 37.9% of revenue after the direct cost of what it sells.
- **Operating margin: 33.5%**. 33.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 4.2%**. 4.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.8%**. 2.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 11.9%**. Return on all capital, debt included, is 11.9%.
- **Return on assets: 13.7%**. Each dollar of assets produces 13.7% of profit.

## Growth
- **Revenue growth (1 yr): -16.6%** (3-yr -4.9%/yr, 5-yr -3.8%/yr). Revenue fell 16.6% over the last year, against -3.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -72.7%** (3-yr -5.0%/yr, 5-yr -29.3%/yr). Earnings per share fell 72.7%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.95**. Debt is 0.95 times equity, moderate leverage.
- **Net debt / EBITDA: 2.4×**. It would take 2.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 3.5×**. Operating profit covers interest 3.5× over, a safe margin.
- **Current ratio: 2.24** (quick 2.24). Current assets cover the next year's liabilities 2.24 times.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 14.52%** ($0.79 per share, trailing). Nordic American Tankers Limited yields 14.52%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 690%** (110% of free cash flow). The dividend exceeds earnings (690% payout), which is rarely sustainable outside REITs and one-off years.
- **Dividend growth (5 yr): -4.4%/yr** (1-yr -10.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: hold** (2 analysts). 2 analysts cover Nordic American Tankers Limited; the consensus is hold, with an average price target of $8.50 (+14% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 113.1%** (YTD 127.9%, 3-mo 13.4%). The shares are up 113.1% over twelve months including dividends.
- **From 52-week high: -16.2%** (123.4% above the low). Trading 16% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 0.18** (volatility 41%). Beta of 0.18 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NAT · Page: https://foliofundamentals.com/stocks/nat

Not investment advice.