During the past 12 months, Ring Energy's average Book Value per Share Growth Rate was 8.20% per year.
During the past 3 years, the average Book Value per Share Growth Rate was 13.00% per year.
During the past 5 years, the average Book Value per Share Growth Rate was -6.10% per year.
During the past 10 years, the average Book Value per Share Growth Rate was -5.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Ring Energy was 430.70% per year. The lowest was -25.70% per year. And the median was 9.20% per year.
Competitive Comparison of Ring Energy's 3-Year Book Growth Rate
For the Oil & Gas E&P subindustry, Ring Energy's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.
Ring Energy's 3-Year Book Growth Rate Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ring Energy's 3-Year Book Growth Rate distribution charts can be found below:
* The bar in red indicates where Ring Energy's 3-Year Book Growth Rate falls into.
Ring Energy 3-Year Book Growth Rate Calculation
This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
Ring Energy (AMEX:REI) 3-Year Book Growth Rate Explanation
Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.
Ring Energy 3-Year Book Growth Rate Related Terms
Thank you for viewing the detailed overview of Ring Energy's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.
Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquid rich producing formations in the Northwest Shelf, the Central Basin Platform, and the Delaware Basin all of which are part of the Permian Basin in Texas.
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