Piedmont Natural Gas Co (Piedmont Natural Gas Co) PB Ratio : 3.20 (As of Apr. 26, 2024)

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What is Piedmont Natural Gas Co 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 (2024-04-26), Piedmont Natural Gas Co's share price is $60.02. Piedmont Natural Gas Co's Book Value per Share for the quarter that ended in Jul. 2016 was $18.73. Hence, Piedmont Natural Gas Co's PB Ratio of today is 3.20.

The historical rank and industry rank for Piedmont Natural Gas Co's PB Ratio or its related term are showing as below:

PNY's PB Ratio is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 1.395
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio

Piedmont Natural Gas Co PB Ratio Historical Data

The historical data trend for Piedmont Natural Gas Co'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.

Piedmont Natural Gas Co PB Ratio Chart

Piedmont Natural Gas Co Annual Data

Trend

Oct06

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

PB Ratio

Get a 7-Day Free Trial

2.37

2.24

2.19

2.28

3.25

Piedmont Natural Gas Co Quarterly Data
	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16
PB Ratio	Get a 7-Day Free Trial															2.14	3.25	3.18	3.13	3.19

Competitive Comparison of Piedmont Natural Gas Co's PB Ratio

For the Utilities - Regulated Gas subindustry, Piedmont Natural Gas Co'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.

Piedmont Natural Gas Co's PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Piedmont Natural Gas Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Piedmont Natural Gas Co's PB Ratio falls into.

Piedmont Natural Gas Co 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.

Piedmont Natural Gas Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jul. 2016)
	=	60.02	/	18.727
	=	3.20

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.

Piedmont Natural Gas Co (NYSE:PNY) 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.

Piedmont Natural Gas Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Piedmont Natural Gas Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Piedmont Natural Gas Co (Piedmont Natural Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Piedmont Natural Gas Co Inc (NYSE:PNY) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.piedmontng.com

Piedmont Natural Gas Co Inc was incorporated in New York in 1950 and began operations in 1951. In 1994, it merged into a newly formed North Carolina corporation with the same name for the purpose of changing its state of incorporation to North Carolina. The Company is an energy services company whose business is distribution of natural gas to residential, commercial, industrial and power generation clients in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities who are its wholesale customers. The Company is invested in joint venture, energy-related businesses, including unregulated retail natural gas marketing, regulated interstate natural gas transportation and storage and regulated intrastate natural gas transportation. It provides service from resource centers in Anderson, Greenville and Spartanburg in South Carolina and Charlotte, Salisbury, Greensboro, Winston-Salem, High Point, Burlington, Hickory, Indian Trail, Spruce Pine, Reidsville, Fayetteville, New Bern, Wilmington, Tarboro, Elizabeth City, Rockingham and Goldsboro in North Carolina. In North Carolina, it also provides natural gas service to Greenville, Rocky Mount and Wilson. In Tennessee, its service area is the metropolitan area of Nashville, including wholesale natural gas service to Gallatin and Smyrna. The Company has three reportable business segments, regulated utility, regulated non-utility activities and unregulated non-utility activities. The regulated utility segment includes operating a safe and reliable natural gas distribution system and the ability to recover the costs and expenses of the business in the rates charged to customers. The regulated non-utility activities segment consists of equity method investments in regulated energy-related joint ventures that are held by the Company's wholly-owned subsidiaries. The unregulated non-utility activities segment consists of its equity method investment in an unregulated energy-related joint venture that is held by a wholly-owned subsidiary. The regulated utility competes with other energy products, such as electricity and propane, in the residential and commercial customer markets. Natural gas for power generation competes with other fuel sources for the generation of electricity, including coal, nuclear and renewable resources. Additionally, as with industrial customers, the Company competes with other pipeline providers to serve the power generation plants.

Executives

Frank H Yoho	officer: Senior Vice President	5430 LBJ FREEWAY, SUITE 1800, DALLAS TX 75240
Thomas E Skains	director, officer: Chairman, President and CEO	214 N TRYON STREET, CHARLOTTE NC 28202
Phillip D Wright	director	17988 EDISON AVE., CHESTERFIELD MO 63005
Holding Frank B Jr	director	4300 SIX FORKS ROAD, RALEIGH NC 27609
Vicki W Mcelreath	director	PO BOX 33068, CHARLOTTE NC 28233
Minor M Shaw	director	PO BOX 6721, C/O MICCO CORP, GREENVILLE SC 29606
John W Harris	director	PO BOX 26532, RICHMOND VA 23261
Kim R Cocklin	officer: Vice President	C/O ATMOS ENERGY CORPORATION, PO BOX 650205, DALLAS TX 75256