TAG Oil (TAG Oil) Price-to-Tangible-Book

: 2.02 (As of Today)

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As of today (2024-04-18), TAG Oil's share price is $0.40365. TAG Oil's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $0.20. Hence, TAG Oil's Price to Tangible Book Ratio of today is 2.02.

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

TAOIF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.22 Med: 0.6 Max: 2.74
Current: 2.12

During the past 13 years, TAG Oil's highest Price to Tangible Book Ratio was 2.74. The lowest was 0.22. And the median was 0.60.

TAOIF's Price-to-Tangible-Book is ranked worse than
71.34% of 928 companies
in the Oil & Gas industry
Industry Median: 1.31 vs TAOIF: 2.12

A closely related ratio is called PB Ratio. As of today, TAG Oil's share price is $0.40365. TAG Oil's Book Value per Sharefor the quarter that ended in Sep. 2023 was $0.20. Hence, TAG Oil's P/B Ratio of today is 2.02.

TAG Oil Price-to-Tangible-Book Historical Data

The historical data trend for TAG Oil'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.

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

0.49

0.54

1.24

1.67

2.32

TAG Oil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book																2.35	2.46	2.32	2.78	2.07

Competitive Comparison

For the Oil & Gas E&P subindustry, TAG Oil'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.

TAG Oil Price-to-Tangible-Book Distribution

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

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

TAG Oil Price-to-Tangible-Book Calculation

TAG Oil's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.40365	/	0.2
	=	2.02

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.

TAG Oil Price-to-Tangible-Book Related Terms

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

TAG Oil (TAG Oil) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.