Stock fact sheet · data as of
Dorian LPG Ltd. (LPG): fair value, margin of safety and Wheel Score
Ticker symbol LPG · Energy · Oil & Gas Midstream · United States · Blend Income
Is LPG undervalued?
LPG has a margin of safety of 42%: the stock closed at 49.43 on 5 Nov 2026 against a GLS average fair value of 84.86. 6 of the 9 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between GLS Growth (22.14) and DCF (177.73). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for LPG, so the nightly engine files it under Blend (value score 69, growth score 53, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for LPG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 177.73 | +260% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 70.33 | +42% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 122.04 | +147% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 30.26 | -39% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 22.14 | -55% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 107.29 | +117% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 100.58 | +103% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 49.29 | -0% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 84.05 | +70% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -6.60 | -113% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 55.00 | +11% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Dorian LPG Ltd. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. A GLS Moat score of 4.6/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 10.5%, ROE 17.0%, ROA 10.3% - with debt at 0.62 times equity and a free-cash-flow yield of 10.6%.
The dividend yield is high at 6.78% (payout ratio 39%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Net pool revenues related party 94%, Time charter revenues 6%, Other revenue, net 1% (quarter Q1 FY2024).
Institutional ownership scores 9/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 10.5% |
|---|---|---|---|
| GLS Moat | 4.6 / 10 | ROE | 17.0% |
| Debt / equity | 0.62 | ROA | 10.3% |
| Free-cash-flow yield | 10.6% | Payout ratio | 39% |
| Institutions | 9 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 80: Good
With a Wheel Score of 80 - the Good band - Dorian LPG Ltd. passes all 9 Wheel Trade Filters. How it ranks: value strong, premium strong, moat fair, health good, red flags fair, option trading fair, stability fair. Option trading (fair) is the part keeping it out of the Prime band.
Implied volatility is 48% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 9,856 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 697k shares a day on a market cap of $2.1B, with a beta of 0.78 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 42% below fair value | |
| Premium | Strong | implied volatility 48% | |
| Moat | Fair | moat 4.6/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Fair | Red Flags score 77/100 | |
| Option trading | Fair | 1,364 contracts a day, 9,856 open interest | |
| Stability | Fair | beta 0.78, $2.1B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Dorian LPG Ltd. reports earnings on 5 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk. The shares go ex-dividend on 9 Nov 2026 (1.25 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Midstream
The 12 companies below are the closest to Dorian LPG Ltd. by market cap within the Oil & Gas Midstream industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| NGL NGL Energy Partners LP | 15.52 | 36.03 | +57% | 43Weak | $1.9B |
| GEL Genesis Energy, L.P. | 13.26 | 33.67 | +61% | 48Weak | $1.6B |
| DKL Delek Logistics Partners, LP | 52.31 | 50.17 | -4% | 34Weak | $3.0B |
| GLP Global Partners LP | 43.47 | 59.60 | +27% | 47Weak | $1.5B |
| TEN Tsakos Energy Navigation Limited | 46.80 | 88.10 | +47% | 49Weak | $1.4B |
| PBT Permian Basin Royalty Trust | 28.49 | 8.25 | -246% | 35Weak | $1.3B |
| TK Teekay Corporation | 13.44 | 67.03 | +80% | 85Prime | $1.2B |
| EE Excelerate Energy, Inc. | 34.29 | 63.78 | +46% | 80Good | $3.9B |
| KNTK Kinetik Holdings Inc. | 51.17 | 203.51 | +75% | 47Weak | $4.1B |
| SBR Sabine Royalty Trust | 67.62 | 45.19 | -50% | 21No options | $986M |
| GLNG Golar LNG Limited | 44.88 | 34.79 | -29% | 40Weak | $4.6B |
| PAGP Plains GP Holdings LP | 26.93 | 67.82 | +60% | 41Weak | $5.3B |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about LPG
Is LPG undervalued right now?
By the GLS models, yes: at 49.43 the stock is 42% below the average fair value of 84.86 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of LPG and what does it mean?
LPG scores 80 out of 100 (Good). The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for LPG?
84.86 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Dorian LPG Ltd. report earnings next?
The next earnings report is due on 5 Nov 2026 (before the open), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does LPG have listed options, and how liquid are they?
Yes. The nightly snapshot found 88 listed contracts with 9,856 open interest across all expiries and implied volatility of 48% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.