As of today (2024-04-26), PDC Energy's share price is $73.85. PDC Energy's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was $50.84. Hence, PDC Energy's Price to Tangible Book Ratio of today is 1.45.
The historical rank and industry rank for PDC Energy's Price-to-Tangible-Book or its related term are showing as below:
PDCE'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.22 Med: 1.5 Max: 2.51
Current: 1.45
During the past 13 years, PDC Energy's highest Price to Tangible Book Ratio was 2.51. The lowest was 0.22. And the median was 1.50.
PDCE's Price-to-Tangible-Book is not ranked
in the Oil & Gas industry.
Industry Median: 1.31
vs PDCE: 1.45
The historical data trend for PDC Energy'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 PDC Energy's Price-to-Tangible-Book
For the Oil & Gas E&P subindustry, PDC Energy'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.
PDC Energy's Price-to-Tangible-Book Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PDC Energy's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where PDC Energy's Price-to-Tangible-Book falls into.
PDC Energy Price-to-Tangible-Book Calculation
PDC Energy's price-to-tangible-book ratio for today is calculated as:
* 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.
PDC Energy Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of PDC Energy's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
PDC Energy Inc is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and the Delaware Basin in west Texas. Company's operations in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and Delaware Basin operations are focused in the horizontal Wolfcamp zones.
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