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Penn West Petroleum Ltd (NYSE:PWE)
Book Value Per Share
$14.13 (As of Jun. 2014)

Penn West Petroleum Ltd's book value per share for the quarter that ended in Jun. 2014 was $14.13.

During the past 12 months, Penn West Petroleum Ltd's average Book Value Per Share Growth Rate was -13.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -6.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -3.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Penn West Petroleum Ltd was 19.70% per year. The lowest was -18.90% per year. And the median was -4.45% per year.

As of today, Penn West Petroleum Ltd's share price is $4.88. Penn West Petroleum Ltd's Book Value per Share for the quarter that ended in Jun. 2014 was $14.13. Hence, Penn West Petroleum Ltd's P/B Ratio of today is 0.35.

During the past 13 years, the highest P/B Ratio of Penn West Petroleum Ltd was 3.42. The lowest was 0.36. And the median was 1.02.

Good Sign:

Penn West Petroleum Ltd stock P/B Ratio (=0.36) is close to 10-year low of 0.36


Definition

Penn West Petroleum Ltd's Book Value Per Share for the fiscal year that ended in Dec. 2013 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(6,867-0)/489
=14.04

Penn West Petroleum Ltd's Book Value Per Share for the quarter that ended in Jun. 2014 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(6,959-0)/493
=14.13

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company.

Book value may include intangible items which may come from the company’s past acquisitions. Book value less intangibles is called Tangible Book.


Explanation

Usually a company’s book value and Tangible Book Value per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Related Terms

Total Equity, Preferred Stock, Total Shares Outstanding, Tangible Book Value per Share


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Penn West Petroleum Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Book Value Per Share 28.9311.5018.6118.7317.7017.9918.7318.9918.0814.04

Penn West Petroleum Ltd Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Book Value Per Share 19.2419.0819.1718.0817.6716.9316.8814.0413.7214.13
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