Teekay Tankers (Teekay Tankers) Price-to-Tangible-Book

: 1.28 (As of Today)

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As of today (2024-04-18), Teekay Tankers's share price is $57.29. Teekay Tankers's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $44.66. Hence, Teekay Tankers's Price to Tangible Book Ratio of today is 1.28.

The historical rank and industry rank for Teekay Tankers's Price-to-Tangible-Book or its related term are showing as below:

TNK' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.27 Med: 0.63 Max: 1.29
Current: 1.28

During the past 13 years, Teekay Tankers's highest Price to Tangible Book Ratio was 1.29. The lowest was 0.27. And the median was 0.63.

TNK's Price-to-Tangible-Book is ranked better than
52.48% of 928 companies
in the Oil & Gas industry
Industry Median: 1.33 vs TNK: 1.28

A closely related ratio is called PB Ratio. As of today, Teekay Tankers's share price is $57.29. Teekay Tankers's Book Value per Sharefor the quarter that ended in Dec. 2023 was $44.75. Hence, Teekay Tankers's P/B Ratio of today is 1.28.

Teekay Tankers Price-to-Tangible-Book Historical Data

The historical data trend for Teekay Tankers'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.

* Premium members only.

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

0.82

0.35

0.44

0.98

1.12

Teekay Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																0.98	1.18	0.97	1.00	1.12

Competitive Comparison

For the Oil & Gas Midstream subindustry, Teekay Tankers'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.

Teekay Tankers Price-to-Tangible-Book Distribution

For the Oil & Gas industry and Energy sector, Teekay Tankers's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Teekay Tankers's Price-to-Tangible-Book falls into.

Teekay Tankers Price-to-Tangible-Book Calculation

Teekay Tankers's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	57.29	/	44.663
	=	1.28

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Teekay Tankers Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Teekay Tankers's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Price-to-Tangible-Book

Comparable Companies

DHT KNTK LPG GLP GLNG INSW GEL NVGS HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.