Gulf Navigation

Gulf Navigation Holding (P . J . S . C)

GULFNAVStocksDubai Financial MarketTransportation

Financials

1-5

	CurrentMar 10, 2026	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Market & Price
Market Capitalization	5.59B	7.18B	4.53B	4.47B	4.28B
Market Cap Growth	+33.5%	+43.9%	-16.8%	-11.0%	-30.0%
Enterprise Value	5.21B	7.31B	4.66B	4.55B	4.35B
Last Close Price	1.77	9.02	5.69	5.60	5.32
Valuation Multiples
PE Ratio	193.23	892.20	893.12	—	-213.35
PS Ratio	50.86	65.36	42.94	49.26	48.32
PB Ratio	6.12	7.87	12.42	12.36	11.27
P/TBV Ratio	7.26	9.33	20.47	20.50	18.09
P/FCF Ratio	—	-764.24	—	—	—
P/OCF Ratio	222.05	285.35	—	142.04	154.53
EV/Sales Ratio	47.39	66.55	44.11	50.23	49.08
EV/EBITDA Ratio	123.25	161.71	90.14	140.47	184.46
EV/EBIT Ratio	—	—	—	—	—
EV/FCF Ratio	-554.04	-778.09	—	—	—
Leverage & Capital
Debt / Equity Ratio	0.16	0.16	0.43	0.46	0.25
Debt / EBITDA Ratio	3.47	8.35	6.36	7.57	0.80
Debt / FCF Ratio	—	-15.58	—	—	—
Net Debt / Equity Ratio	-0.42	-0.42	0.36	0.34	0.23
Net Debt / EBITDA Ratio	-9.05	-8.45	2.52	3.79	3.72
Net Debt / FCF Ratio	40.68	40.68	-3.95	-2.33	-1.48
Efficiency & Liquidity
Asset Turnover	0.10	0.14	0.14	0.13	0.09
Inventory Turnover	7.64	9.36	8.60	8.11	8.79
Quick Ratio	2.03	2.03	0.17	0.18	0.08
Current Ratio	2.33	2.33	0.40	0.33	0.22
Returns & Yields
Return on Equity (ROE)	+2.6%	+8.1%	-7.5%	+3.5%	+1.0%
Return on Assets (ROA)	-0.4%	0.0%	-0.2%	-1.6%	+0.7%
Return on Invested Capital (ROIC)	-0.3%	0.0%	-0.2%	-1.1%	+0.6%
Return on Capital Employed (ROCE)	-0.1%	-0.8%	-0.7%	-4.8%	-6.9%
Earnings Yield	+0.1%	+0.1%	+0.1%	-0.3%	-0.5%
FCF Yield	-0.2%	-0.1%	-0.7%	-1.2%	-1.4%
Buyback Yield / Dilution	-9.9%	-0.6%	+3.4%	+2.4%	+2.7%

1-5

	CurrentMar 10, 2026	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Market & Price
Market Capitalization	5.59B	7.18B	4.53B	4.47B	4.28B
Market Cap Growth	+33.5%	+43.9%	-16.8%	-11.0%	-30.0%
Enterprise Value	5.21B	7.31B	4.66B	4.55B	4.35B
Last Close Price	1.77	9.02	5.69	5.60	5.32
Valuation Multiples
PE Ratio	193.23	892.20	893.12	—	-213.35
PS Ratio	50.86	65.36	42.94	49.26	48.32
PB Ratio	6.12	7.87	12.42	12.36	11.27
P/TBV Ratio	7.26	9.33	20.47	20.50	18.09
P/FCF Ratio	—	-764.24	—	—	—
P/OCF Ratio	222.05	285.35	—	142.04	154.53
EV/Sales Ratio	47.39	66.55	44.11	50.23	49.08
EV/EBITDA Ratio	123.25	161.71	90.14	140.47	184.46
EV/EBIT Ratio	—	—	—	—	—
EV/FCF Ratio	-554.04	-778.09	—	—	—
Leverage & Capital
Debt / Equity Ratio	0.16	0.16	0.43	0.46	0.25
Debt / EBITDA Ratio	3.47	8.35	6.36	7.57	0.80
Debt / FCF Ratio	—	-15.58	—	—	—
Net Debt / Equity Ratio	-0.42	-0.42	0.36	0.34	0.23
Net Debt / EBITDA Ratio	-9.05	-8.45	2.52	3.79	3.72
Net Debt / FCF Ratio	40.68	40.68	-3.95	-2.33	-1.48
Efficiency & Liquidity
Asset Turnover	0.10	0.14	0.14	0.13	0.09
Inventory Turnover	7.64	9.36	8.60	8.11	8.79
Quick Ratio	2.03	2.03	0.17	0.18	0.08
Current Ratio	2.33	2.33	0.40	0.33	0.22
Returns & Yields
Return on Equity (ROE)	+2.6%	+8.1%	-7.5%	+3.5%	+1.0%
Return on Assets (ROA)	-0.4%	0.0%	-0.2%	-1.6%	+0.7%
Return on Invested Capital (ROIC)	-0.3%	0.0%	-0.2%	-1.1%	+0.6%
Return on Capital Employed (ROCE)	-0.1%	-0.8%	-0.7%	-4.8%	-6.9%
Earnings Yield	+0.1%	+0.1%	+0.1%	-0.3%	-0.5%
FCF Yield	-0.2%	-0.1%	-0.7%	-1.2%	-1.4%
Buyback Yield / Dilution	-9.9%	-0.6%	+3.4%	+2.4%	+2.7%