The historical rank and industry rank for Ring Energy's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of Ring Energy was 110.38. The lowest was 11.81. And the median was 23.78.
REI's Price-to-Net-Cash is not ranked *
in the Oil & Gas industry.
Industry Median: 5 * Ranked among companies with meaningful Price-to-Net-Cash only.
Ring Energy Net Cash per Share Historical Data
The historical data trend for Ring Energy's Net Cash per Share 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.
Competitive Comparison of Ring Energy's Net Cash per Share
For the Oil & Gas E&P subindustry, Ring Energy's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ring Energy's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Ring Energy's Price-to-Net-Cash falls into.
Ring Energy Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Ring Energy's Net Cash per Share 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.
Ring Energy (AMEX:REI) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Ring Energy Net Cash per Share Related Terms
Thank you for viewing the detailed overview of Ring Energy's Net Cash per Share 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 liquids 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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