As of today (2024-04-24), Nabors Industries's share price is $80.65. Nabors Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $34.77. Hence, Nabors Industries's Price to Tangible Book Ratio of today is 2.32.
The historical rank and industry rank for Nabors Industries's Price-to-Tangible-Book or its related term are showing as below:
NBR'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.28 Med: 0.79 Max: 3.95
Current: 2.32
During the past 13 years, Nabors Industries's highest Price to Tangible Book Ratio was 3.95. The lowest was 0.28. And the median was 0.79.
NBR's Price-to-Tangible-Book is ranked worse than 71.27% of 926
companies
in the Oil & Gas industry
Industry Median: 1.32
vs NBR: 2.32
A closely related ratio is called PB Ratio. As of today, Nabors Industries's share price is $80.65. Nabors Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was $34.77. Hence, Nabors Industries's P/B Ratio of today is 2.32.
Nabors Industries Price-to-Tangible-Book Historical Data
The historical data trend for Nabors Industries'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.
For the Oil & Gas Drilling subindustry, Nabors Industries'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.
Nabors Industries Price-to-Tangible-Book Distribution
For the Oil & Gas industry and Energy sector, Nabors Industries's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Nabors Industries'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.
Nabors Industries Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Nabors Industries's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Nabors Industries (Nabors Industries) Business Description
Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NBR has been successfully added to your 