As of today (2024-04-24), Range Resources's share price is $37.77. Range Resources's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $15.79. Hence, Range Resources's Price to Tangible Book Ratio of today is 2.39.
The historical rank and industry rank for Range Resources's Price-to-Tangible-Book or its related term are showing as below:
RRC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.52 Med: 1.73 Max: 2.61
Current: 2.42
During the past 13 years, Range Resources's highest Price to Tangible Book Ratio was 2.61. The lowest was 0.52. And the median was 1.73.
RRC's Price-to-Tangible-Book is ranked worse than 73.43% of 926
companies
in the Oil & Gas industry
Industry Median: 1.31
vs RRC: 2.42
A closely related ratio is called PB Ratio. As of today, Range Resources's share price is $37.77. Range Resources's Book Value per Sharefor the quarter that ended in Mar. 2024 was $15.79. Hence, Range Resources's P/B Ratio of today is 2.39.
Range Resources Price-to-Tangible-Book Historical Data
The historical data trend for Range Resources'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 Range Resources's Price-to-Tangible-Book
For the Oil & Gas E&P subindustry, Range Resources'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.
Range Resources's Price-to-Tangible-Book Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Range Resources's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Range Resources's Price-to-Tangible-Book falls into.
Range Resources Price-to-Tangible-Book Calculation
Range Resources'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.
Range Resources Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Range Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Range Resources (Range Resources) Business Description
Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.
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