What is Nine Energy Service Price-to-Tangible-Book?
As of today (2024-04-25), Nine Energy Service's share price is $2.30. Nine Energy Service's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-3.57. Hence, Nine Energy Service's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Nine Energy Service's Price-to-Tangible-Book or its related term are showing as below:
During the past 9 years, Nine Energy Service's highest Price to Tangible Book Ratio was 140.00. The lowest was 140.00. And the median was 140.00.
NINE's Price-to-Tangible-Book is not ranked *
in the Oil & Gas industry.
Industry Median: 1.31 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Nine Energy Service's share price is $2.30. Nine Energy Service's Book Value per Sharefor the quarter that ended in Dec. 2023 was $-1.01. Hence, Nine Energy Service's P/B Ratio of today is .
Nine Energy Service Price-to-Tangible-Book Historical Data
The historical data trend for Nine Energy Service'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.
Competitive Comparison of Nine Energy Service's Price-to-Tangible-Book
For the Oil & Gas Equipment & Services subindustry, Nine Energy Service'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.
Nine Energy Service's Price-to-Tangible-Book Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Nine Energy Service's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Nine Energy Service's Price-to-Tangible-Book falls into.
Nine Energy Service Price-to-Tangible-Book Calculation
Nine Energy Service's price-to-tangible-book ratio for today 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.
It can also be calculated from the numbers for the whole company:
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.
Nine Energy Service Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Nine Energy Service's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Nine Energy Service (Nine Energy Service) Business Description
Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the US, Canada, and other countries where most of the revenue is generated from the United States.
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