Prominence Energy (ASX:PRM) Price-to-Tangible-Book : 0.75 (As of Jun. 05, 2024)

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What is Prominence Energy Price-to-Tangible-Book?

As of today (2024-06-05), Prominence Energy's share price is A$0.006. Prominence Energy's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.01. Hence, Prominence Energy's Price to Tangible Book Ratio of today is 0.75.

The historical rank and industry rank for Prominence Energy's Price-to-Tangible-Book or its related term are showing as below:

ASX:PRM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.32 Med: 0.97 Max: 6.36
Current: 0.6

During the past 13 years, Prominence Energy's highest Price to Tangible Book Ratio was 6.36. The lowest was 0.32. And the median was 0.97.

ASX:PRM's Price-to-Tangible-Book is ranked better than
81.58% of 923 companies
in the Oil & Gas industry
Industry Median: 1.3 vs ASX:PRM: 0.60

A closely related ratio is called PB Ratio. As of today, Prominence Energy's share price is A$0.006. Prominence Energy's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.01. Hence, Prominence Energy's P/B Ratio of today is 0.75.

Prominence Energy Price-to-Tangible-Book Historical Data

The historical data trend for Prominence Energy's Price-to-Tangible-Book 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.

Prominence Energy Price-to-Tangible-Book Chart

Prominence Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

3.16

0.57

0.32

Prominence Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.47	0.57	0.60	0.32	1.38

Competitive Comparison of Prominence Energy's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, Prominence Energy's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Prominence Energy's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Prominence Energy's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Prominence Energy's Price-to-Tangible-Book falls into.

Prominence Energy Price-to-Tangible-Book Calculation

Prominence Energy's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.006	/	0.008
	=	0.75

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

Prominence Energy Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Prominence Energy's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Prominence Energy (ASX:PRM) Business Description

Industry

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Traded in Other Exchanges

RSX:Germany

Address

30 Richardson Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

http://www.prominenceenergy.com.au

Prominence Energy Ltd is an oil and gas exploration company. It is engaged in the exploration, development, and production of oil and gas projects. Its project includes Bowsprit Oil. The company's geographical segment includes Australia and United States of America. It derives a majority of revenue from Australia.