# Frontline share price today (Frontline plc, FRO)

> Frontline plc's multiple is near its low because earnings grew even faster than a 6× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 30% of its own 4-year history. FRO · Energy · Oil & Gas Midstream · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/fro

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: $48.48 (+104.9% in a year)
- P/E: 7.3× (lower than 70% of the last 4.3 years)
- Revenue (Jun 2026): $943 M (+96.5% on a year ago)
- Profit (Jun 2026): $659 M (+750.1% on a year ago)
- Operating margin: 65.8% (+38.3 points on a year ago)
- ROE: 15%, FY25
- ROIC: 26.4%, against a 5.6% cost of capital: +20.8 points

The main question: the share price moved +104.9% in a year while yearly earnings per share moved −23.5%. The difference came from the market paying a higher multiple. ## What is the Frontline share price today? Frontline plc's share price was $48.48 at the close on 4 November 2026. It has been rising for 50 weeks. That is 22.5% above its average price over the last 200 trading days. In the last 52 weeks it traded between $21 and $57, and at that close it sat 77% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 13 weeks in a row. Over the last 10 years the share price moved +544% while the S&P 500 moved +261%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Frontline pay? Frontline plc paid $5.38 per share over the last four reported quarters. The most recent declaration was $2.61 for Jun 2026. At today's price of $48.48 that is a yield of 11.10%, based on dividends already paid, not a forecast. ## Which stock lists is Frontline on? Frontline is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Frontline profitable? Frontline plc earned $659 M of net profit in the Jun 2026 quarter, +750.1% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY25 profit was $379 M. That is 69.9% of the quarter's revenue. The same quarter a year earlier earned $77.5 M. For the full year, FY25 profit was $379 M (−23.5% on the year before). Why profit moved: revenue changed +96.5% on a year earlier and the margin moved +38.3 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +634.5% and revenue +49.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Frontline make, and is it growing? Frontline plc reported $943 M of revenue in the Jun 2026 quarter, +96.5% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 4 years it has grown 27.3% a year on average. The last full year, FY25, came in at $2.0 B. The last four reported quarters add to $2.7 B. FY25 revenue was $2.0 B, −4.2% on the year before. Recent pace: the last four quarters grew +49.6% on average, against 27.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +48.8%, against +18.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +524.5%, against +58.1% a year (accelerating). ## How much of every $100 of sales does Frontline keep? Frontline plc's operating margin was 65.8% in the Jun 2026 quarter, 38.3 percentage points higher than the same quarter a year ago. Across 5 years it has been between 0.7% and 40.2%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +38.3 percentage points on the year while gross margin changed +25.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Frontline's profit turning into cash? Over the last 3 years, 149% of Frontline plc's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $682 M of operating cash against $379 M of profit. After $12.5 M of spending on assets, $670 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Frontline's cash go? Frontline plc does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $2.6 B on assets over the last 3 years. Averaged over those years that is 43.4% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $2.6 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Frontline's P/E ratio, and how does it compare with its own history? Frontline plc's P/E is 7.3×, near the low end of its own history: it has been lower only 30% of the time. Its usual P/E (the middle reading) is 8.4×, over 4.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −23.5% while the price moved +104.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +28.8% a year; about +24.2% a year came from earnings growth and about +4.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Frontline business getting better or worse? Frontline plc's business is turning around. Profit growth has swung from −60.0% at its low to +524.5%, improving for 3 quarters in a row, with ROCE falling at 7.8%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Frontline earn on its capital? Frontline plc earned a ROE of 15% in FY25. That is up from a low of −1% in FY21. Its return on capital used (ROIC) is 20.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 19.3% net margin and 0.34× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 19.3% net margin × 0.34× asset turnover × 2.29× leverage (assets divided by equity) ≈ 15.0% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 26.4% − 5.6% = +20.8 percentage points. The 5.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 26.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 10.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Frontline have too much debt? Frontline plc has total debt of $2.4 B against shareholder equity of $3.2 B as of Jun 2026, so its debt is 0.77× its equity. Year by year, that ratio went from 1.45 in FY21 to 1.22 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Frontline shareholding pattern? We have no ownership or short-position figures for Frontline plc, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 2.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Frontline from balance-sheet trouble? For Frontline plc, the Z-score is 3.03. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.03 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Frontline rank in its industry? 86.3 out of 100, rank 1 of 30 in Oil & Gas Midstream, with 81% of the evidence available. Frontline plc scores 86.3 out of 100 against the 30 companies it is compared with in Oil & Gas Midstream, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 30 + 21.2 + 15.5 + 19.6 = 86.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Frontline compared with? Frontline ranks 1 of 30 Oil & Gas Midstream companies on the 4-Factor Sector Score, with 86.3 out of 100. 1. Frontline plc this page FRO · leader · Sector-leading setup · 81% evidence 86.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.0/35 · Revenue 48.9% · Profit 100% · Operating margin change 38.3 points · 83% evidence Capital efficiency 21.2/25 · ROCE 25.5% · Operating margin 65.8% · 76% evidence Valuation 15.5/20 · P/E 5.2× · PEG 0.19 · 65% evidence Relative strength 19.6/20 · Lead over its industry 25.2% · Lead over S&P 500 25.2% · 1 year 104.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30 + 21.2 + 15.5 + 19.6 = 86.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [TORM plc](https://www.sectoralpha.in/us/stocks/trmd) TRMD · breaking out · Sector-leading setup · 81% evidence 80.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/35 · Revenue 33.3% · Profit 89.4% · Operating margin change 31.6 points · 83% evidence Capital efficiency 18.0/25 · ROCE 19.9% · Operating margin 53.6% · 76% evidence Valuation 15.1/20 · P/E 4.2× · PEG 0.38 · 65% evidence Relative strength 19.7/20 · Lead over its industry 21.3% · Lead over S&P 500 21.8% · 1 year 65.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.4 + 18 + 15.1 + 19.7 = 80.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [International Seaways, Inc.](https://www.sectoralpha.in/us/stocks/insw) INSW · leader · Most evidence points up · 81% evidence 78.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 57.8% · Profit 100% · Operating margin change 34.3 points · 83% evidence Capital efficiency 19.1/25 · ROCE 24.2% · Operating margin 64.2% · 76% evidence Valuation 16.3/20 · P/E 4.9× · PEG 0.09 · 65% evidence Relative strength 13.8/20 · Lead over its industry 17.7% · Lead over S&P 500 17.7% · 1 year 86.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 28.9 + 19.1 + 16.3 + 13.8 = 78.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Scorpio Tankers Inc.](https://www.sectoralpha.in/us/stocks/stng) STNG · breaking out · Most evidence points up · 81% evidence 75.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 32.8% · Profit 100% · Operating margin change 25.4 points · 83% evidence Capital efficiency 14.9/25 · ROCE 13.2% · Operating margin 59.7% · 76% evidence Valuation 16.4/20 · P/E 3.9× · PEG 0.11 · 65% evidence Relative strength 17.5/20 · Lead over its industry 8.4% · Lead over S&P 500 9% · 1 year 33% · 100% evidence · 6 of 12 weeks ahead Exact sum: 27.1 + 14.9 + 16.4 + 17.5 = 75.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [BW LPG Limited](https://www.sectoralpha.in/us/stocks/bwlp) BWLP · losing its lead · Most evidence points up · 81% evidence 71.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue -0.8% · Profit 100% · Operating margin change 8 points · 83% evidence Capital efficiency 17.3/25 · ROCE 20% · Operating margin 13.8% · 76% evidence Valuation 15.3/20 · P/E 5.9× · PEG 0.28 · 65% evidence Relative strength 14.8/20 · Lead over its industry 12.3% · Lead over S&P 500 12.6% · 1 year 68% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.8 + 17.3 + 15.3 + 14.8 = 71.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 6. [Cmb.Tech NV](https://www.sectoralpha.in/us/stocks/cmbt) CMBT · leader · Evidence leans up · 71% evidence 62.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.9/35 · Revenue 100% · Profit 100% · Operating margin change 27.7 points · 83% evidence Capital efficiency 10.4/25 · ROCE 9.1% · Operating margin 43.2% · 76% evidence Valuation 11.2/20 · P/E 4.9× · PEG n/a · 15% evidence Relative strength 13.4/20 · Lead over its industry 10.8% · Lead over S&P 500 11.3% · 1 year 79.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.9 + 10.4 + 11.2 + 13.4 = 62.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Targa Resources Corp.](https://www.sectoralpha.in/us/stocks/trgp) TRGP · breaking out · Evidence leans up · 81% evidence 61.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue -2% · Profit 47.9% · Operating margin change 3.5 points · 83% evidence Capital efficiency 15.3/25 · ROCE 15.3% · Operating margin 27.8% · 76% evidence Valuation 12.8/20 · P/E 25.5× · PEG 0.51 · 65% evidence Relative strength 16.4/20 · Lead over its industry 8.7% · Lead over S&P 500 9.2% · 1 year 65.5% · 100% evidence · 7 of 12 weeks ahead Exact sum: 16.7 + 15.3 + 12.8 + 16.4 = 61.2 · What this means: Relative strength against the index is 9.2%, and revenue and profit growth are weak. 8. [Venture Global, Inc.](https://www.sectoralpha.in/us/stocks/vg) VG · quiet · Evidence leans up · 81% evidence 61.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.0/35 · Revenue 100% · Profit 100% · Operating margin change 14.3 points · 83% evidence Capital efficiency 11.9/25 · ROCE 11.1% · Operating margin 47.8% · 76% evidence Valuation 15.5/20 · P/E 8.3× · PEG 0.14 · 65% evidence Relative strength 6.7/20 · Lead over its industry -3.3% · Lead over S&P 500 -3.7% · 1 year 49.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 27 + 11.9 + 15.5 + 6.7 = 61.1 · What this means: Earnings are strong; relative strength in its sector is -3.3% and the one-year return is 49.9%. 9. [Plains All American Pipeline, L.P.](https://www.sectoralpha.in/us/stocks/paa) PAA · breaking out · Evidence leans up · 81% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 12.2% · Profit 100% · Operating margin change 0.1 points · 83% evidence Capital efficiency 7.7/25 · ROCE 6.9% · Operating margin 2.8% · 76% evidence Valuation 14.0/20 · P/E 6.2× · PEG 0.62 · 65% evidence Relative strength 17.0/20 · Lead over its industry 7.1% · Lead over S&P 500 8% · 1 year 51.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.6 + 7.7 + 14 + 17 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Plains GP Holdings, L.P.](https://www.sectoralpha.in/us/stocks/pagp) PAGP · leader · Evidence leans up · 81% evidence 58.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 12.2% · Profit 100% · Operating margin change 0.2 points · 83% evidence Capital efficiency 7.3/25 · ROCE 6.6% · Operating margin 2.8% · 76% evidence Valuation 12.5/20 · P/E 8.7× · PEG 0.92 · 65% evidence Relative strength 16.5/20 · Lead over its industry 6.3% · Lead over S&P 500 7.1% · 1 year 53.7% · 100% evidence · 8 of 12 weeks ahead Exact sum: 22.1 + 7.3 + 12.5 + 16.5 = 58.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Cheniere Energy, Inc.](https://www.sectoralpha.in/us/stocks/lng) LNG · leader · Evidence leans up · 81% evidence 57.7 out of 100 Growth Capital Valuation Relative
12. [Cheniere Energy Partners, L.P.](https://www.sectoralpha.in/us/stocks/cqp) CQP · quiet · Evidence leans up · 81% evidence 57.0 out of 100 Growth Capital Valuation Relative
13. [Kinetik Holdings Inc.](https://www.sectoralpha.in/us/stocks/kntk) KNTK · losing its lead · Evidence leans up · 81% evidence 51.1 out of 100 Growth Capital Valuation Relative
14. [Excelerate Energy, Inc.](https://www.sectoralpha.in/us/stocks/ee) EE · quiet · Evidence leans up · 75% evidence 50.2 out of 100 Growth Capital Valuation Relative
15. [Viper Energy, Inc.](https://www.sectoralpha.in/us/stocks/vnom) VNOM · turning · Evidence leans down · 81% evidence 49.8 out of 100 Growth Capital Valuation Relative
16. [Kinder Morgan, Inc.](https://www.sectoralpha.in/us/stocks/kmi) KMI · turning · Evidence leans down · 85% evidence 49.0 out of 100 Growth Capital Valuation Relative
17. [South Bow Corporation](https://www.sectoralpha.in/us/stocks/sobo) SOBO · quiet · Evidence leans down · 81% evidence 48.8 out of 100 Growth Capital Valuation Relative
18. [ONEOK, Inc.](https://www.sectoralpha.in/us/stocks/oke) OKE · turning · Evidence leans down · 81% evidence 48.2 out of 100 Growth Capital Valuation Relative
19. [Hess Midstream LP](https://www.sectoralpha.in/us/stocks/hesm) HESM · basing · Evidence leans down · 81% evidence 47.7 out of 100 Growth Capital Valuation Relative
20. [Pembina Pipeline Corporation](https://www.sectoralpha.in/us/stocks/pba) PBA · turning · Evidence leans down · 81% evidence 47.0 out of 100 Growth Capital Valuation Relative
21. [The Williams Companies, Inc.](https://www.sectoralpha.in/us/stocks/wmb) WMB · quiet · Evidence leans down · 81% evidence 45.4 out of 100 Growth Capital Valuation Relative
22. [Energy Transfer LP](https://www.sectoralpha.in/us/stocks/et) ET · quiet · Evidence leans down · 81% evidence 44.8 out of 100 Growth Capital Valuation Relative
23. [Golar LNG Limited](https://www.sectoralpha.in/us/stocks/glng) GLNG · quiet · Evidence leans down · 81% evidence 43.0 out of 100 Growth Capital Valuation Relative
24. [Western Midstream Partners, LP](https://www.sectoralpha.in/us/stocks/wes) WES · quiet · Evidence leans down · 81% evidence 42.8 out of 100 Growth Capital Valuation Relative
25. [MPLX LP](https://www.sectoralpha.in/us/stocks/mplx) MPLX · quiet · Evidence leans down · 81% evidence 41.0 out of 100 Growth Capital Valuation Relative
26. [Enterprise Products Partners L.P.](https://www.sectoralpha.in/us/stocks/epd) EPD · quiet · Evidence leans down · 81% evidence 40.6 out of 100 Growth Capital Valuation Relative
27. [TC Energy Corporation](https://www.sectoralpha.in/us/stocks/trp) TRP · quiet · Evidence leans down · 81% evidence 40.0 out of 100 Growth Capital Valuation Relative
28. [Antero Midstream Corporation](https://www.sectoralpha.in/us/stocks/am) AM · quiet · Evidence leans down · 81% evidence 38.6 out of 100 Growth Capital Valuation Relative
29. [DT Midstream, Inc.](https://www.sectoralpha.in/us/stocks/dtm) DTM · basing · Evidence leans down · 81% evidence 38.4 out of 100 Growth Capital Valuation Relative
30. [Enbridge Inc.](https://www.sectoralpha.in/us/stocks/enb) ENB · basing · Most evidence points down · 81% evidence 26.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Oil & Gas Midstream](https://www.sectoralpha.in/us/sectors/oil-gas-midstream), all 30 compared on one page. ## Which companies are close to Frontline in size? Frontline is the 18th largest of 47 Oil & Gas Midstream companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Western Midstream Partners, LP, Viper Energy, Inc. and DT Midstream, Inc. Just below it: Antero Midstream Corporation, Kinetik Holdings Inc. and South Bow Corporation. ### Oil & Gas Midstream companies close in size

1. [Western Midstream Partners, LP](https://www.sectoralpha.in/us/stocks/wes) $17.6 billion
2. [Viper Energy, Inc.](https://www.sectoralpha.in/us/stocks/vnom) $14.8 billion
3. [DT Midstream, Inc.](https://www.sectoralpha.in/us/stocks/dtm) $12 billion
4. Frontline plc $10.8 billion
5. [Antero Midstream Corporation](https://www.sectoralpha.in/us/stocks/am) $9.4 billion
6. [Kinetik Holdings Inc.](https://www.sectoralpha.in/us/stocks/kntk) $8.3 billion
7. [South Bow Corporation](https://www.sectoralpha.in/us/stocks/sobo) $7.1 billion

[All 47 Oil & Gas Midstream companies, largest first](https://www.sectoralpha.in/us/sectors/oil-gas-midstream#all-companies)

### Companies close in size in other industries

1. [PayPay Corporation](https://www.sectoralpha.in/us/stocks/payp) $10.8 billion · Software - Infrastructure
2. [HubSpot, Inc.](https://www.sectoralpha.in/us/stocks/hubs) $10.8 billion · Software - Application
3. Frontline plc $10.8 billion
4. [EastGroup Properties, Inc.](https://www.sectoralpha.in/us/stocks/egp) $10.8 billion · REIT - Industrial
5. [The New York Times Company](https://www.sectoralpha.in/us/stocks/nyt) $10.7 billion · Publishing

## What else do people ask about Frontline? ### What were Frontline's latest quarterly results? Frontline plc reported revenue of $943 M and net profit of $659 M for the Jun 2026 quarter. Revenue rose 96.5% and profit rose 750.1% compared with a year earlier. Earnings per share were $2.96. The operating margin was 65.8%, 38.3 percentage points higher than a year earlier (as of 4 November 2026). ### What is Frontline's market cap? Frontline plc's market capitalisation is $10.8 B at a stock price of $48.48. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Frontline performing? Frontline plc's share price has been rising for 50 weeks. In its latest quarter, revenue rose 96.5% and profit rose 750.1% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 13 weeks running (as of 4 November 2026). ### Will Frontline's stock price go up? This page does not forecast Frontline plc's stock price. What it shows instead: the stock price is $48.48, and it has been rising for 50 weeks. Its P/E of 7.3× is higher than 30% of its own last 4 years (as of 4 November 2026). ### Where is Frontline in its business cycle? Frontline plc's FY25 operating margin was 30.2%, against a 5-year range of 0.7% to 40.2%: the middle of its own range, neither a peak nor a low. The latest quarter was 65.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Frontline story? The main question: the share price moved +104.9% in a year while yearly earnings per share moved −23.5%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Frontline a stock worth studying right now? What the numbers show: Frontline plc's multiple is near its low because earnings grew even faster than a 6× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 30% of its own 4-year history. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). This is research, not advice. We’re not SEBI-registered.