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The historical rank and industry rank for Pioneer Natural Resources Co's Equity-to-Asset or its related term are showing as below:
BSP:P1IO34's Equity-to-Asset is not ranked *
in the Oil & Gas industry.
Industry Median: 0.5 * Ranked among companies with meaningful Equity-to-Asset only.
Pioneer Natural Resources Co (BSP:P1IO34) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Pioneer Natural Resources Co Equity-to-Asset Related Terms
Pioneer Natural Resources Co Equity-to-Asset Historical Data
* 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.
Pioneer Natural Resources Co Equity-to-Asset Chart
BSP:P1IO34 vs OXY, HES, EOG: Equity-to-Asset Comparison
For the Oil & Gas E&P subindustry, Pioneer Natural Resources Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Pioneer Natural Resources Co Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pioneer Natural Resources Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Pioneer Natural Resources Co's Equity-to-Asset falls into.
Pioneer Natural Resources Co Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Pioneer Natural Resources Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Pioneer Natural Resources Co (BSP:P1IO34) has a Equity-to-Asset of 0.63 as of Mar. 2024. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Pioneer Natural Resources Co and its competitors.
Is Pioneer Natural Resources Co's Equity-to-Asset too high?
Pioneer Natural Resources Co's current Equity-to-Asset is 0.63. The Oil & Gas industry median Equity-to-Asset is 0.50. Pioneer Natural Resources Co's value of 0.63 is 26% above this industry median. Overall, Pioneer Natural Resources Co has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Pioneer Natural Resources Co's Equity-to-Asset compare to OXY and HES?
Pioneer Natural Resources Co's Equity-to-Asset of 0.63 can be compared against companies in the Oil & Gas industry. The industry median Equity-to-Asset is 0.50. Pioneer Natural Resources Co's value of 0.63 is 26% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.50, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pioneer Natural Resources Co's current Equity-to-Asset of 0.63 is 26% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Pioneer Natural Resources Co and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Natural Resources Co's current Equity-to-Asset is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Natural Resources Co stock overvalued right now?
Pioneer Natural Resources Co (BSP:P1IO34) has a current Equity-to-Asset of 0.63. The current Equity-to-Asset is 0.63 and 26% above the Oil & Gas industry median of 0.50. Pioneer Natural Resources Co's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Pioneer Natural Resources Co (BSP:P1IO34), the current Equity-to-Asset is 0.63 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.
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