BW LPG Ratios and Metrics

Market cap in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	23,228	19,977	18,988	21,102	10,110	6,866
Market Cap Growth	25.84%	5.21%	-10.02%	108.72%	47.26%	-15.74%
Enterprise Value	31,717	29,409	23,300	25,698	16,215	13,517
Last Close Price	153.00	127.16	107.96	105.79	39.75	23.06
PE Ratio	9.49	8.18	4.72	4.43	4.51	4.22
Forward PE	6.86	7.90	8.09	4.68	5.74	4.84
PS Ratio	0.64	0.55	0.47	0.71	0.66	0.63
PB Ratio	1.20	1.03	0.86	1.31	0.64	0.56
P/TBV Ratio	1.26	1.08	0.93	1.42	0.70	0.57
P/FCF Ratio	5.94	5.11	11.36	5.24	2.24	6.50
P/OCF Ratio	4.04	3.48	2.23	4.05	2.03	2.54
PEG Ratio	-	0.02	0.02	0.02	0.02	0.02
EV/Sales Ratio	0.88	0.81	0.57	0.86	1.06	1.24
EV/EBITDA Ratio	5.75	5.33	4.07	4.44	4.05	5.93
EV/EBIT Ratio	10.78	9.99	4.99	5.26	6.65	9.93
EV/FCF Ratio	8.11	7.52	13.94	6.38	3.59	12.79
Debt / Equity Ratio	0.51	0.51	0.61	0.36	0.44	0.63
Debt / EBITDA Ratio	1.81	1.81	1.96	0.83	1.74	2.98
Debt / FCF Ratio	2.55	2.55	7.97	1.44	1.54	7.29
Net Debt / Equity Ratio	0.39	0.39	0.46	0.18	0.26	0.53
Net Debt / EBITDA Ratio	1.36	1.36	1.77	0.49	1.03	2.86
Net Debt / FCF Ratio	1.93	1.93	6.06	0.70	0.91	6.16
Asset Turnover	1.11	1.11	1.22	1.16	0.63	0.52
Inventory Turnover	29.43	29.43	21.72	13.50	11.76	25.94
Quick Ratio	1.14	1.14	0.77	0.91	0.98	1.39
Current Ratio	1.50	1.50	1.11	1.34	1.50	2.06
Return on Equity (ROE)	15.00%	15.00%	22.41%	30.98%	16.00%	14.14%
Return on Assets (ROA)	5.63%	5.63%	8.80%	11.86%	6.29%	4.04%
Return on Invested Capital (ROIC)	10.30%	10.12%	16.29%	24.30%	11.91%	7.16%
Return on Capital Employed (ROCE)	10.70%	10.70%	15.20%	25.80%	12.00%	7.20%
Earnings Yield	10.52%	12.23%	21.20%	22.58%	22.16%	23.72%
FCF Yield	16.83%	19.57%	8.80%	19.09%	44.74%	15.39%
Dividend Yield	9.11%	11.65%	25.47%	33.16%	31.73%	21.40%
Payout Ratio	82.48%	82.48%	109.64%	86.28%	55.72%	53.84%
Buyback Yield / Dilution	-13.20%	-13.20%	-0.87%	1.76%	2.54%	-0.52%
Total Shareholder Return	-4.09%	-1.55%	24.60%	34.92%	34.27%	20.88%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.