Tsakos Energy Navigation Limited (TEN) - Net Assets

Latest as of March 2026: $1.95 Billion USD

Based on the latest financial reports, Tsakos Energy Navigation Limited (TEN) has net assets worth $1.95 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.24 Billion) and total liabilities ($2.29 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. For live market cap and overall valuation, see TEN market cap.

Key Net Assets Metrics

Metric Value
Current Net Assets $1.95 Billion
% of Total Assets 45.93%
Annual Growth Rate -1.57%
5-Year Change 44.22%
10-Year Change 31.43%
Growth Volatility 110.1

Tsakos Energy Navigation Limited - Net Assets Trend (1996–2025)

This chart illustrates how Tsakos Energy Navigation Limited's net assets have evolved over time, based on quarterly financial data.

Annual Net Assets for Tsakos Energy Navigation Limited (1996–2025)

The table below shows the annual net assets of Tsakos Energy Navigation Limited from 1996 to 2025. See Tsakos Energy Navigation Limited balance sheet independence to measure how much of total assets are equity-financed.

Year Net Assets Change
2025-12-31 $1.86 Billion +5.42%
2024-12-31 $1.77 Billion +6.93%
2023-12-31 $1.65 Billion +8.52%
2022-12-31 $1.52 Billion +17.89%
2021-12-31 $1.29 Billion -6.52%
2020-12-31 $1.38 Billion -6.15%
2019-12-31 $1.47 Billion -2.29%
2018-12-31 $1.51 Billion -0.09%
2017-12-31 $1.51 Billion +6.40%
2016-12-31 $1.42 Billion +0.17%
2015-12-31 $1.42 Billion +20.13%
2014-12-31 $1.18 Billion +18.07%
2013-12-31 $997.66 Million +7.64%
2012-12-31 $926.84 Million +0.84%
2011-12-31 $919.16 Million -9.88%
2010-12-31 $1.02 Billion +11.55%
2009-12-31 $914.33 Million -0.09%
2008-12-31 $915.12 Million +6.67%
2007-12-31 $857.93 Million +13.59%
2006-12-31 $755.27 Million +24.39%
2005-12-31 $607.19 Million +16.87%
2004-12-31 $519.52 Million +541.38%
2003-12-31 $81.00 Million +208.00%
2002-12-31 $-75.00 Million -184.27%
2001-12-31 $89.00 Million -74.13%
2000-12-31 $344.00 Million -21.46%
1999-12-31 $438.00 Million -85.03%
1998-12-31 $2.92 Billion -0.91%
1997-12-31 $2.95 Billion +0.07%
1996-12-31 $2.95 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Tsakos Energy Navigation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 75935000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings $738.35 Million 40.58%
Common Stock $151.54 Million 8.33%
Other Comprehensive Income $-1.89 Million -0.10%
Other Components $931.47 Million 51.19%
Total Equity $1.82 Billion 100.00%

Tsakos Energy Navigation Limited Competitors by Market Cap

The table below lists competitors of Tsakos Energy Navigation Limited ranked by their market capitalization.

Company Market Cap
Tsakos Energy Navigation Limited
F:TK41
 $1.11 Billion
Anhui Water Resources Development Co Ltd
SHG:600502
 $1.11 Billion
Shanghai SK Automation Technology Co. Ltd. A
SHG:688155
 $1.11 Billion
Ningbo Fujia Industrial Co Ltd
SHG:603219
 $1.11 Billion
Shanghai Chlor-Alkali Chemical Co Ltd A
SHG:600618
 $1.11 Billion
AFCONS INFRASTRUCTURE LTD
NSE:AFCONS
 $1.11 Billion
Evergreen Steel Corp
TW:2211
 $1.11 Billion
Waypoint REIT
AU:WPR
 $1.11 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tsakos Energy Navigation Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 1,727,708,000 to 1,819,476,000, a change of 91,768,000 (5.3%).
  • Net income of 160,904,000 contributed positively to equity growth.
  • Dividend payments of 60,141,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 982,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income $160.90 Million +8.84%
Dividends Paid $60.14 Million -3.31%
Other Comprehensive Income $-982.00K -0.05%
Other Changes $-8.01 Million -0.44%
Total Change $- 5.31%

Book Value vs Market Value Analysis

This analysis compares Tsakos Energy Navigation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.70x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has increased from 0.55x to 0.70x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 $77.53 $42.71 x
1997-12-31 $74.00 $42.71 x
1998-12-31 $74.16 $42.71 x
1999-12-31 $12.54 $42.71 x
2000-12-31 $9.45 $42.71 x
2001-12-31 $1.95 $42.71 x
2002-12-31 $-2.26 $42.71 x
2003-12-31 $1.39 $42.71 x
2004-12-31 $11.76 $42.71 x
2005-12-31 $13.40 $42.71 x
2006-12-31 $16.15 $42.71 x
2007-12-31 $18.65 $42.71 x
2008-12-31 $19.62 $42.71 x
2009-12-31 $122.89 $42.71 x
2010-12-31 $16.66 $42.71 x
2011-12-31 $14.91 $42.71 x
2012-12-31 $15.13 $42.71 x
2013-12-31 $16.01 $42.71 x
2014-12-31 $18.88 $42.71 x
2015-12-31 $23.31 $42.71 x
2016-12-31 $83.47 $42.71 x
2017-12-31 $88.19 $42.71 x
2018-12-31 $85.79 $42.71 x
2019-12-31 $28.82 $42.71 x
2020-12-31 $26.88 $42.71 x
2021-12-31 $63.14 $42.71 x
2022-12-31 $54.03 $42.71 x
2023-12-31 $54.86 $42.71 x
2024-12-31 $58.56 $42.71 x
2025-12-31 $61.18 $42.71 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tsakos Energy Navigation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 8.84%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 20.15%
  • • Asset Turnover: 0.20x
  • • Equity Multiplier: 2.17x
  • Recent ROE (8.84%) is above the historical average (-2.75%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 15.50% 6.17% 0.88x 2.87x $145.40 Million
1997 12.46% 4.30% 0.88x 3.30x $62.20 Million
1998 10.18% 3.35% 0.87x 3.51x $4.60 Million
1999 -100.24% -12.90% 1.11x 6.97x $-465.20 Million
2000 -12.73% -1.18% 1.23x 8.75x $-75.00 Million
2001 -175.68% -3.86% 1.25x 36.23x $-137.40 Million
2002 0.00% -5.41% 1.38x 0.00x $-177.60 Million
2003 46.55% 0.72% 1.35x 48.19x $21.20 Million
2004 2.50% 0.31% 4.49x 1.81x $-38.95 Million
2005 9.55% 1.31% 4.08x 1.79x $-2.72 Million
2006 6.75% 1.09% 2.38x 2.61x $-24.53 Million
2007 -0.59% -0.08% 2.62x 2.76x $-90.45 Million
2008 -45.57% -7.01% 2.27x 2.86x $-506.07 Million
2009 3.14% 6.45% 0.17x 2.79x $-62.75 Million
2010 3.84% 0.66% 2.20x 2.66x $-62.62 Million
2011 17.12% 2.18% 2.84x 2.76x $65.29 Million
2012 29.74% 3.73% 3.00x 2.65x $182.55 Million
2013 18.55% 2.30% 3.21x 2.52x $84.35 Million
2014 19.37% 2.68% 3.12x 2.31x $109.35 Million
2015 17.60% 3.01% 2.83x 2.07x $106.65 Million
2016 3.94% 11.58% 0.15x 2.31x $-85.96 Million
2017 0.51% 1.44% 0.16x 2.26x $-141.81 Million
2018 -6.64% -18.72% 0.17x 2.14x $-248.68 Million
2019 1.04% 2.53% 0.19x 2.17x $-130.01 Million
2020 1.77% 3.73% 0.21x 2.30x $-111.37 Million
2021 -12.20% -27.72% 0.19x 2.33x $-275.48 Million
2022 13.41% 23.74% 0.26x 2.17x $51.94 Million
2023 18.55% 33.74% 0.26x 2.08x $138.33 Million
2024 10.20% 21.92% 0.22x 2.15x $3.46 Million
2025 8.84% 20.15% 0.20x 2.17x $-21.04 Million

Industry Comparison

This section compares Tsakos Energy Navigation Limited's net assets metrics with peer companies in the Oil & Gas Midstream industry.

Industry Context

  • Industry: Oil & Gas Midstream
  • Average net assets among peers: $666,551,459
  • Average return on equity (ROE) among peers: 7.60%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tsakos Energy Navigation Limited (TEN) $1.95 Billion 15.50% 1.18x $1.11 Billion
Antero Midstream Partners LP (AM) $532.52 Million 0.00% 0.09x $10.41 Billion
CBL International Limited Ordinary Shares (BANL) $8.43 Million 42.35% 2.20x $12.00 Million
BP Prudhoe Bay Royalty Trust (BPT) $268.94 Million 15.44% 0.00x $2.99 Million
Brooge Holdings Ltd (BROG) $61.21 Million 7.25% 6.93x $284.93 Million
BW LPG Limited (BWLP) $1.12 Billion 2.12% 1.32x $3.30 Billion
Cheniere Energy Partners LP (CQP) $-784.00 Million 0.00% 0.00x $29.93 Billion
Cheniere Energy Partners LP (CQP) $712.93 Million -44.74% 17.00x $25.77 Billion
DHT Holdings Inc (DHT) $71.88 Million 38.21% 4.87x $2.56 Billion
Dynagas LNG Partners LP (DLNG) $448.24 Million 8.00% 1.03x $136.80 Million
DT Midstream Inc (DTM) $4.23 Billion 7.38% 0.97x $12.24 Billion

About Tsakos Energy Navigation Limited

NYSE:TEN USA Oil & Gas Midstream
Market Cap
$1.29 Billion
Market Cap Rank
#8495 Global
#2466 in USA
Share Price
$42.71
Change (1 day)
+0.92%
52-Week Range
$21.04 - $44.47
All Time High
$44.47
Categories
Companies in USA Oil & Gas Midstream
About

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 indepe… Read more