CMB.TECH owns and operates a fleet of LNG carriers, LPG carriers and oil tankers, chartered out to energy majors and traders on time-charter contracts. The company was formed through the combination of CMB's shipping arm with Golden Ocean, which gave it scale across the gas and crude segments and a larger share of contracted revenue. Revenue growth of 81.5% and an operating margin of 43.2% reflect the merger consolidation and a firm freight market, so the reported trajectory should be read with that structural step-up in mind. At a trailing P/E of 6.1 against a forward P/E of 16.0, the market is pricing in a sharp earnings normalisation, which makes the next few quarters of charter rates and vessel utilisation the key test for whether the trailing numbers hold. The ROE of 29.6% and a 56.0% gross margin are the metrics to verify first, since they depend heavily on spot exposure that can reverse quickly.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 21 Oct 2026, 12:04 CEST | Rating | Fairly valued | first publication | $17.43 |
| 21 Oct 2026, 12:04 CEST | Fair value | $18.35 | $17.24 | $17.43 |
| 16 Oct 2026, 00:00 CEST | Fair value | $17.24 | $18.46 | $18.99 |
| 11 Oct 2026, 00:00 CEST | Fair value | $18.46 | $24.86 | $20.60 |
| 10 Oct 2026, 00:00 CEST | ACCE price target | $18.20 | first publication | $20.81 |
| 28 Sept 2026, 00:00 CEST | Fair value | $24.86 | $25.16 | $19.01 |
| 25 Sept 2026, 00:00 CEST | Fair value | $25.16 | $25.67 | $19.16 |
| 23 Sept 2026, 00:00 CEST | Fair value | $25.67 | $26.01 | $19.66 |
| 5 Sept 2026, 00:00 CEST | Fair value | $26.01 | $25.06 | $18.70 |
| 2 Sept 2026, 00:00 CEST | Fair value | $25.06 | $23.27 | $18.28 |
Answered from CMB.TECH NV Ordinary Shares fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| CMBT CMB.TECH NV Ordinary Shares | $18.46 | $18 | 1% above | 6.2x | 29.6% | 82 | 87 |
| INSW International Seaways Inc. Common Stock | $108.42 | $69 | 58% above | 6.9x | 37.4% | 100 | 93 |
| GLNG Golar Lng Ltd | $44.03 | $15 | 200% above | 31.2x | 10.1% | 76 | 59 |
| HESM Hess Midstream LP Class A Representing Limited Partner Interests | $30.04 | $35 | 15% below | 10.4x | 150.7% | 82 | 55 |
| ODET.PA Compagnie de l'Odet | €960.00 | €1389 | 31% below | 38.7x | 1.6% | 43 | 41 |
| STNG Scorpio Tankers Inc. Common Shares | $82.44 | $103 | 20% below | 5.3x | 24.6% | 95 | 89 |
| VPK.AS Koninklijke Vopak N.V. | €52.50 | €46 | 15% above | 12.6x | 15.4% | 81 | 73 |
Where CMBT ranks against its sector peers on each metric.