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 (2024-05-12), Concho Resources's share price is $65.60. Concho Resources's Book Value per Share for the quarter that ended in Sep. 2020 was $39.67. Hence, Concho Resources's PB Ratio of today is 1.65.
The historical rank and industry rank for Concho Resources's PB Ratio or its related term are showing as below:
CXO'
s PB Ratio Range Over the Past 10 Years
Min: 0.69 Med: 1.38 Max: 2.56
Current: 1.57
During the past 13 years, Concho Resources's highest PB Ratio was 2.56. The lowest was 0.69. And the median was 1.38.
CXO's PB Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.25
vs CXO: 1.57
During the past 12 months, Concho Resources's average Book Value Per Share Growth Rate was -52.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 21.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 24.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Concho Resources was 37.30% per year. The lowest was -9.90% per year. And the median was 21.65% per year.
Back to Basics: PB Ratio
Concho Resources PB Ratio Historical Data
The historical data trend for Concho Resources'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.
Competitive Comparison of Concho Resources's PB Ratio
For the Oil & Gas E&P subindustry, Concho Resources'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.
Concho Resources's PB Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Concho Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Concho Resources's PB Ratio falls into.
Concho Resources 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.
* 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.
It can also be calculated from the numbers for the whole company:
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.
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.
Concho Resources PB Ratio Related Terms
Thank you for viewing the detailed overview of Concho Resources's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Concho Resources (Concho Resources) Business Description
Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At the end of 2019, it reported proved reserves of 1.0 billion barrels of oil equivalent. Net production averaged about 331 thousand boe per day in 2018, of which 63% was oil (with natural gas and natural gas liquids making up the remainder).
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