Rubellite Energy (Rubellite Energy) Price-to-Tangible-Book : 0.77 (As of May. 31, 2024)

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

As of today (2024-05-31), Rubellite Energy's share price is $1.79. Rubellite Energy's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $2.32. Hence, Rubellite Energy's Price to Tangible Book Ratio of today is 0.77.

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

RUBLF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.32 Med: 0.81 Max: 1.69
Current: 0.77

During the past 3 years, Rubellite Energy's highest Price to Tangible Book Ratio was 1.69. The lowest was 0.32. And the median was 0.81.

RUBLF's Price-to-Tangible-Book is ranked better than
74.16% of 925 companies
in the Oil & Gas industry
Industry Median: 1.35 vs RUBLF: 0.77

A closely related ratio is called PB Ratio. As of today, Rubellite Energy's share price is $1.79. Rubellite Energy's Book Value per Sharefor the quarter that ended in Mar. 2024 was $2.32. Hence, Rubellite Energy's P/B Ratio of today is 0.77.

Rubellite Energy Price-to-Tangible-Book Historical Data

The historical data trend for Rubellite 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.

Rubellite Energy Price-to-Tangible-Book Chart

Rubellite Energy Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.05

0.66

0.63

Rubellite Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial						0.78	0.55	0.78	0.63	0.82

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

For the Oil & Gas E&P subindustry, Rubellite 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.

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

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

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

Rubellite Energy Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	1.79	/	2.317
	=	0.77

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.

Rubellite Energy Price-to-Tangible-Book Related Terms

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

Rubellite Energy (Rubellite Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rubellite Energy Inc (OTCPK:RUBLF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

6L0:Germany RBY:Canada

Address

605 5 Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 3H5

Website

https://www.rubelliteenergy.com

Rubellite Energy Inc is a Canadian energy company. It is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.