Okeanis Eco Tankers (OB:OET) Valuation in Focus After Strong Rally
November 22, 2025, 12:04 AM EST. Okeanis Eco Tankers has delivered notable returns, with 52% YTD and a 1-year total shareholder return of 54.6%. The stock trades around NOK378 vs a fair value of NOK390.14, suggesting a modest upside but a valuation that may already price in growth. A focus on its modern, eco-friendly fleet (average age ~5.9 years) and widespread scrubber adoption supports potential regulatory advantages, lower costs per voyage, and higher charter rates, underpinning a cautiously optimistic valuation thesis. The stock trades at 15.5x earnings, above industry and peer multiples, raising questions about growth expectations baked in. Key risks include a demand slowdown and shipping-regulation shifts.

