DHT Holdings (DHT Holdings) PB Ratio

: 1.78 (As of Today)

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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 (2024-04-23), DHT Holdings's share price is $11.33. DHT Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was $6.38. Hence, DHT Holdings's PB Ratio of today is 1.78.

Warning Sign:

DHT Holdings Inc stock PB Ratio (=1.75) is close to 10-year high of 1.83

The historical rank and industry rank for DHT Holdings's PB Ratio or its related term are showing as below:

DHT' s PB Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.89 Max: 1.83
Current: 1.78

During the past 13 years, DHT Holdings's highest PB Ratio was 1.83. The lowest was 0.23. And the median was 0.89.

DHT's PB Ratio is ranked worse than
66.57% of 990 companies
in the Oil & Gas industry
Industry Median: 1.22 vs DHT: 1.78

During the past 12 months, DHT Holdings's average Book Value Per Share Growth Rate was -2.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -0.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -3.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of DHT Holdings was 140.80% per year. The lowest was -42.60% per year. And the median was -2.40% per year.

Back to Basics: PB Ratio

DHT Holdings PB Ratio Historical Data

The historical data trend for DHT Holdings'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.

DHT Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.30

0.81

0.82

1.35

1.54

DHT Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.35	1.68	1.31	1.62	1.54

Competitive Comparison

For the Oil & Gas Midstream subindustry, DHT Holdings'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.

DHT Holdings PB Ratio Distribution

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

* The bar in red indicates where DHT Holdings's PB Ratio falls into.

DHT Holdings 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.

DHT Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	11.33	/	6.38
	=	1.78

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.

DHT Holdings (NYSE:DHT) 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.

DHT Holdings PB Ratio Related Terms

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DHT Holdings (DHT Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » PB Ratio

Comparable Companies

TNK LPG GLP GEL KNTK GLNG NVGS INSW HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

DHT:Mexico D8EN:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.dhtankers.com

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.