Parex Resources (Parex Resources) Price-to-Tangible-Book

: 0.98 (As of Today)

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As of today (2024-04-23), Parex Resources's share price is $17.6785. Parex Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $18.13. Hence, Parex Resources's Price to Tangible Book Ratio of today is 0.98.

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

PARXF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.96 Med: 1.56 Max: 3.04
Current: 1

During the past 13 years, Parex Resources's highest Price to Tangible Book Ratio was 3.04. The lowest was 0.96. And the median was 1.56.

PARXF's Price-to-Tangible-Book is ranked better than
66.09% of 926 companies
in the Oil & Gas industry
Industry Median: 1.32 vs PARXF: 1.00

A closely related ratio is called PB Ratio. As of today, Parex Resources's share price is $17.6785. Parex Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was $18.84. Hence, Parex Resources's P/B Ratio of today is 0.94.

Parex Resources Price-to-Tangible-Book Historical Data

The historical data trend for Parex Resources'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.

Parex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.01

1.42

1.56

0.99

1.04

Parex Resources 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															0.99	1.18	1.22	1.09	1.04

Competitive Comparison

For the Oil & Gas E&P subindustry, Parex Resources'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.

Parex Resources Price-to-Tangible-Book Distribution

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

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

Parex Resources Price-to-Tangible-Book Calculation

Parex Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	17.6785	/	18.129
	=	0.98

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.

Parex Resources Price-to-Tangible-Book Related Terms

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Parex Resources (Parex Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (OTCPK:PARXF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

QPX:Germany PXT:Canada

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.