Performance Shipping Inc. (PSHG) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Performance Shipping Inc. Do?
Performance Shipping Inc., through its subsidiaries, provides shipping transportation services through its ownership of tanker vessels worldwide. It owned and operated five Aframax tanker vessels with a combined carrying capacity of 546,094 dwt. The company was incorporated in 2010 and is based in Athens, Greece. Performance Shipping Inc. (PSHG) is classified as a micro-cap stock in the Industrials sector, specifically within the Transportation industry. The company is led by CEO Andreas Michalopoulos and employs approximately 150 people. With a market capitalization of $24M, PSHG is one of the notable companies in the Industrials sector.
Performance Shipping Inc. (PSHG) Stock Rating — Reduce (April 2026)
As of April 2026, Performance Shipping Inc. receives a Reduce rating with a composite score of 48.7/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.PSHG ranks #2,573 out of 4,446 stocks in our coverage universe. Within the Industrials sector, Performance Shipping Inc. ranks #414 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
PSHG Stock Price and 52-Week Range
Performance Shipping Inc. (PSHG) currently trades at $1.86. The stock lost $0.05 (2.5%) in the most recent trading session. The 52-week high for PSHG is $2.58, which means the stock is currently trading -27.8% from its annual peak. The 52-week low is $1.30, putting the stock 42.7% above its annual trough. Recent trading volume was 49K shares, suggesting relatively thin trading activity.
Is PSHG Overvalued or Undervalued? — Valuation Analysis
Performance Shipping Inc. (PSHG) carries a value factor score of 99/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 0.56x, compared to the Industrials sector average of 28.33x — a discount of 98%. The price-to-book ratio stands at 0.09x, versus the sector average of 2.23x. The price-to-sales ratio is 0.07x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, PSHG trades at 0.01x EV/EBITDA, versus 5.70x for the sector.
Based on these multiples, Performance Shipping Inc. appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
Performance Shipping Inc. Profitability — ROE, Margins, and Quality Score
Performance Shipping Inc. (PSHG) earns a quality factor score of 39/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 63.5%, compared to the Industrials sector average of 8.9%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 52.9% versus the sector average of 3.3%.
On a margin basis, Performance Shipping Inc. reports gross margins of 100.0%, compared to 35.8% for the sector. The operating margin is 47.8% (sector: 6.2%). Net profit margin stands at 50.0%, versus 3.9% for the average Industrials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
PSHG Debt, Balance Sheet, and Financial Health
Performance Shipping Inc. has a debt-to-equity ratio of 17.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $47M. Cash and equivalents stand at $70M.
PSHG has a beta of 0.46, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Performance Shipping Inc. is 56/100, reflecting average volatility within the normal range for its sector.
Performance Shipping Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Performance Shipping Inc. reported revenue of $87M and earnings per share (EPS) of $3.39. Net income for the quarter was $44M. Gross margin was 100.0%. Operating income came in at $42M.
In FY 2024, Performance Shipping Inc. reported revenue of $87M and earnings per share (EPS) of $3.39. Net income for the quarter was $44M. Gross margin was 100.0%. Revenue grew -19.7% year-over-year compared to FY 2023. Operating income came in at $42M.
In FY 2023, Performance Shipping Inc. reported revenue of $109M and earnings per share (EPS) of $5.43. Net income for the quarter was $69M. Gross margin was 100.0%. Revenue grew 44.9% year-over-year compared to FY 2022. Operating income came in at $76M.
In FY 2022, Performance Shipping Inc. reported revenue of $75M and earnings per share (EPS) of $6.49. Net income for the quarter was $36M. Gross margin was 100.0%. Revenue grew 106.0% year-over-year compared to FY 2021. Operating income came in at $40M.
Over the past 8 quarters, Performance Shipping Inc. has demonstrated a growth trajectory, with revenue expanding from $26M to $87M. Investors analyzing PSHG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
PSHG Dividend Yield and Income Analysis
Performance Shipping Inc. (PSHG) does not currently pay a dividend. This is common among smaller companies in the Transportation industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
PSHG Momentum and Technical Analysis Profile
Performance Shipping Inc. (PSHG) has a momentum factor score of 49/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 35/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 9/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
PSHG vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, Performance Shipping Inc. (PSHG) ranks #414 out of 752 stocks based on the Blank Capital composite score. This places PSHG in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing PSHG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PSHG vs S&P 500 (SPY) comparison to assess how Performance Shipping Inc. stacks up against the broader market across all factor dimensions.
PSHG Next Earnings Date
No upcoming earnings date has been announced for Performance Shipping Inc. (PSHG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy PSHG? — Investment Thesis Summary
The quantitative profile for Performance Shipping Inc. suggests caution. The quality score of 39/100 flags below-average profitability. The value score of 99/100 suggests attractive pricing relative to fundamentals.
In summary, Performance Shipping Inc. (PSHG) earns a Reduce rating with a composite score of 48.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PSHG stock.
Related Resources for PSHG Investors
Explore more research and tools: PSHG vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare PSHG head-to-head with peers: PSHG vs SOBO, PSHG vs TEN, PSHG vs GLDD.