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As of today, Devon Energy Corp's share price is $40.67. Devon Energy Corp's Tangible Book Value per Share of Jun. 2016 for the quarter that ended in Jun. 2016 was $-1.87. Hence, Devon Energy Corp's Price to Tangible Book Ratio of today is .
During the past 13 years, Devon Energy Corp's highest Price to Tangible Book Ratio was 25.96. The lowest was 0.00. And the median was 2.48.
A closely related ratio is called P/B Ratio. As of today, Devon Energy Corp's share price is $40.67. Devon Energy Corp's Book Value per Share for the quarter that ended in Jun. 2016 was $9.25. Hence, Devon Energy Corp's P/B Ratio of today is 4.40.
Devon Energy Corp's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Jun. 2016 )|
It can also be calculated from the numbers for the whole company:
|Price to Tangible Book||=||Market Cap||/||Tangible Equity|
|=||Market Cap||/||(Total Equity||-||Preferred Stock||-||Intangibles)|
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.
Devon Energy Corp Annual Data
Devon Energy Corp Quarterly Data