The historical rank and industry rank for Continental Resources's Price-to-Tangible-Book or its related term are showing as below:
CLR's Price-to-Tangible-Book is not ranked *
in the Oil & Gas industry.
Industry Median: 1.31 * Ranked among companies with meaningful Price-to-Tangible-Book only.
Continental Resources Price-to-Tangible-Book Historical Data
The historical data trend for Continental Resources's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Continental Resources's Price-to-Tangible-Book
For the Oil & Gas E&P subindustry, Continental Resources's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Continental Resources's Price-to-Tangible-Book Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Continental Resources's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Continental Resources's Price-to-Tangible-Book falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Continental Resources Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Continental Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Continental Resources (Continental Resources) Business Description
Continental Resources is a U.S. oil and gas producer targeting in the Bakken Shale in North Dakota, the Delaware Basin in Texas, and the Scoop/Stack plays in Oklahoma. At the end of 2021, the company reported net proven reserves of 1.6 billion barrels of oil equivalent. Net production averaged 330 thousand barrels of oil equivalent per day in 2020, at a ratio of 49% oil and 51% natural gas and NGLs.
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