Is TORM plc (NASDAQ:TRMD) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating TORM plc at current levels.
Product tanker cycle has legs the consensus refuses to underwrite, and TORM is the cleanest way to play it at 6x earnings.
Where TRMD is headed
TORM ends 2027 doing something the market currently refuses to model: earning through-cycle returns that look more like a specialty industrial than a shipping company. The fleet, roughly 95 LR2s, LR1s, and MRs at last count, sits at the centre of a refined product trade that has been structurally lengthened by the Russia-EU split, the Red Sea reroute that still hasn't normalised, and a wave of new refineries in the Middle East and Asia shipping to demand centres in Europe, West Africa, and Latin America. Tonne-miles have outrun fleet growth for three years. The orderbook for product tankers sits in the mid-teens as a percentage of the fleet, which sounds heavy until you look at the average age of what's on the water and the IMO-driven scrapping that has to happen by 2028.
Read the full Compass Direction on TRMD
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $28.02).
See the full TRMD analysisGet calls like this, free
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Frequently asked questions
Is TORM plc (NASDAQ:TRMD) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating TORM plc at current levels. Product tanker cycle has legs the consensus refuses to underwrite, and TORM is the cleanest way to play it at 6x earnings.
What is TRMD's Compass Score?
TORM plc scores 82/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for TRMD?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the TRMD page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.