Freehold Royalties (Freehold Royalties) Price-to-Tangible-Book : 2.27 (As of Apr. 25, 2024)

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What is Freehold Royalties Price-to-Tangible-Book?

As of today (2024-04-25), Freehold Royalties's share price is $10.37. Freehold Royalties's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $4.57. Hence, Freehold Royalties's Price to Tangible Book Ratio of today is 2.27.

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

FRHLF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.94 Med: 1.93 Max: 3.4
Current: 2.33

During the past 13 years, Freehold Royalties's highest Price to Tangible Book Ratio was 3.40. The lowest was 0.94. And the median was 1.93.

FRHLF's Price-to-Tangible-Book is ranked worse than
73.11% of 926 companies
in the Oil & Gas industry
Industry Median: 1.31 vs FRHLF: 2.33

A closely related ratio is called PB Ratio. As of today, Freehold Royalties's share price is $10.37. Freehold Royalties's Book Value per Sharefor the quarter that ended in Dec. 2023 was $4.57. Hence, Freehold Royalties's P/B Ratio of today is 2.27.

Freehold Royalties Price-to-Tangible-Book Historical Data

The historical data trend for Freehold Royalties'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.

Freehold Royalties Price-to-Tangible-Book Chart

Freehold Royalties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.24

0.95

1.99

2.49

2.27

Freehold Royalties 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	Get a 7-Day Free Trial															2.49	2.31	2.18	2.37	2.27

Competitive Comparison of Freehold Royalties's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, Freehold Royalties'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.

Freehold Royalties's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

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

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

Freehold Royalties Price-to-Tangible-Book Calculation

Freehold Royalties's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	10.37	/	4.569
	=	2.27

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.

Freehold Royalties Price-to-Tangible-Book Related Terms

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

Freehold Royalties (Freehold Royalties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Freehold Royalties Ltd (OTCPK:FRHLF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

1FH:Germany FRU:Canada

Address

517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8

Website

https://www.freeholdroyalties.com

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.