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As of today, Devon Energy Corp's share price is $66.50. Devon Energy Corp's Tangible Book Value per Share of Dec. 2014 for the quarter that ended in Dec. 2014 was $37.24. Hence, Devon Energy Corp's Price to Tangible Book Ratio of today is 1.79.
During the past 13 years, Devon Energy Corp's highest Price to Tangible Book Ratio was 6.56. The lowest was 1.29. And the median was 2.51.
A closely related ratio is called P/B Ratio. As of today, Devon Energy Corp's share price is $66.50. Devon Energy Corp's Book Value per Share for the quarter that ended in Dec. 2014 was $52.65. Hence, Devon Energy Corp's P/B Ratio of today is 1.26.
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: Dec. 2014 )|
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