Nordic American Tankers Limited (NAT) Stock

Nordic American Tankers Limited (NAT) is a Industrials stock trading at $7.00 (as of 2026-08-24), with a market capitalization of $1.33B and a trailing P/E of 108.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Understand Nordic American Tankers Limited: how it makes money

Nordic American Tankers Limited is a tanker transportation business, and it makes money by generating shipping-related revenue.

Gross profit exists (gross margin 39.3%), but the company reports an operating loss (operating margin -21.7%), meaning operating expenses more than offset gross profit.

Business quality (Weak): Fact coverage is limited (no segment breakdown and no operating KPI inputs were provided), so the view focuses on the reported margin structure only.

Valuation: At 97× earnings, NAT trades 454% above the Transportation average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Gross profitability shown: For the period ended 2018-09-30, gross margin is 39.3%, indicating revenue converts into positive gross profit before operating expenses.

Bear case

  • Operating loss despite positive gross margin: Operating margin is -21.7% for the period ended 2018-09-30, so operating expenses more than offset gross profit.
Valuation — source: SEC EDGAR (first-party)
Price$7.00
Market Cap$1.33B
P/E Ratio108.0
EV / EBITDA16.4
Price / Book2.98
Price / Sales4.54
Dividend Yield6.4%
DCF Value (model)$6.82
DCF Upside vs Price-2.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$291.69M
Net Margin4.2%
Return on Equity2.8%
Debt / Equity0.95
Current Ratio2.24
Revenue Growth (YoY)-16.6%
EPS Growth (YoY)-72.7%
Financial Health — source: SEC EDGAR
Altman Z-Score2.55 (grey)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Stock P/E108.0
Sector P/E (Industrials)26.0
Industry P/E (Transportation)17.0
vs Sector315.7%
vs Industry535.4%
Company
SectorIndustrials
IndustryTransportation

Related Companies (Transportation; 8 comparable transport companies)

  • International Seaways, Inc. (INSW)
  • Tidewater Inc. (TDW)
  • Genco Shipping & Trading Limited (GNK)
  • SEACOR Marine Holdings Inc. (SMHI)
  • Matson, Inc. (MATX)
  • Kirby Corporation (KEX)
  • Dorian LPG Ltd. (LPG)
  • Pangaea Logistics Solutions, Ltd. (PANL)
NAT earnings history · NAT institutional & insider holders · NAT KPIs & operating metrics · NAT financials · NAT investor presentations & press releases · NAT SEC filings · NAT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.