Enerplus (Enerplus) PB Ratio : 3.37 (As of Apr. 25, 2024)

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What is Enerplus 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 (2024-04-25), Enerplus's share price is $20.44. Enerplus's Book Value per Share for the quarter that ended in Dec. 2023 was $6.07. Hence, Enerplus's PB Ratio of today is 3.37.

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

ERF' s PB Ratio Range Over the Past 10 Years
Min: 0.27 Med: 2.01 Max: 7.22
Current: 3.44

During the past 13 years, Enerplus's highest PB Ratio was 7.22. The lowest was 0.27. And the median was 2.01.

ERF's PB Ratio is ranked worse than
87.26% of 989 companies
in the Oil & Gas industry
Industry Median: 1.24 vs ERF: 3.44

During the past 12 months, Enerplus's average Book Value Per Share Growth Rate was 21.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 49.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -4.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Enerplus was 58.70% per year. The lowest was -28.80% per year. And the median was -0.30% per year.

Back to Basics: PB Ratio

Enerplus PB Ratio Historical Data

The historical data trend for Enerplus'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.

Enerplus PB Ratio Chart

Enerplus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.40

1.65

4.23

3.56

2.53

Enerplus 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															3.56	2.72	2.65	3.02	2.53

Competitive Comparison of Enerplus's PB Ratio

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

Enerplus's PB Ratio Distribution in the Oil & Gas Industry

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

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

Enerplus 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.

Enerplus's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	20.44	/	6.07
	=	3.37

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.

Enerplus (NYSE:ERF) 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.

Enerplus PB Ratio Related Terms

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Enerplus (Enerplus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerplus Corp (NYSE:ERF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

E17:Germany ERF:Canada

Address

3000, 333 - 7th Avenue S.W., The Dome Tower, Calgary, AB, CAN, T2P 2Z1

Website

https://www.enerplus.com

Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. The majority of oil production is derived from the Williston and Waterfloods basins, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners and mineral rights owners. Crude oil and natural gas are sold to customers in both countries where assets are held and can be sold either at the well or a fixed destination.