Texon Petroleum Limited (ASX:TXN) PB Ratio : 1.69 (As of May. 17, 2024)

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What is Texon Petroleum Limited PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-17), Texon Petroleum Limited's share price is A$0.58. Texon Petroleum Limited's Book Value per Share for the fiscal year that ended in Dec. 2011 was A$0.34. Hence, Texon Petroleum Limited's PB Ratio of today is 1.69.

The historical rank and industry rank for Texon Petroleum Limited's PB Ratio or its related term are showing as below:

ASX:TXN' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1.71
Current: 1.71

During the past 6 years, Texon Petroleum Limited's highest PB Ratio was 1.71. The lowest was 0.00. And the median was 0.00.

ASX:TXN's PB Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.245 vs ASX:TXN: 1.71

During the past 12 months, Texon Petroleum Limited's average Book Value Per Share Growth Rate was 61.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 31.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 12.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.80% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Texon Petroleum Limited was 31.40% per year. The lowest was -11.40% per year. And the median was -1.50% per year.

Back to Basics: PB Ratio

Texon Petroleum Limited PB Ratio Historical Data

The historical data trend for Texon Petroleum Limited's PB Ratio 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.

Texon Petroleum Limited PB Ratio Chart

Texon Petroleum Limited Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

PB Ratio

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Texon Petroleum Limited Quarterly Data

PB Ratio

Competitive Comparison of Texon Petroleum Limited's PB Ratio

For the Oil & Gas E&P subindustry, Texon Petroleum Limited's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Texon Petroleum Limited's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texon Petroleum Limited's PB Ratio distribution charts can be found below:

* The bar in red indicates where Texon Petroleum Limited's PB Ratio falls into.

Texon Petroleum Limited PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Texon Petroleum Limited's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (A: Dec. 2011)
	=	0.58	/	0.344
	=	1.69

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Texon Petroleum Limited (ASX:TXN) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Texon Petroleum Limited PB Ratio Related Terms

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