Cathedral Energy Services (Cathedral Energy Services) Price-to-Tangible-Book : 2.87 (As of May. 11, 2024)

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What is Cathedral Energy Services Price-to-Tangible-Book?

As of today (2024-05-11), Cathedral Energy Services's share price is $0.6483. Cathedral Energy Services's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.23. Hence, Cathedral Energy Services's Price to Tangible Book Ratio of today is 2.87.

The historical rank and industry rank for Cathedral Energy Services's Price-to-Tangible-Book or its related term are showing as below:

CETEF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.18 Med: 0.58 Max: 3.72
Current: 2.87

During the past 13 years, Cathedral Energy Services's highest Price to Tangible Book Ratio was 3.72. The lowest was 0.18. And the median was 0.58.

CETEF's Price-to-Tangible-Book is ranked worse than
79.87% of 929 companies
in the Oil & Gas industry
Industry Median: 1.36 vs CETEF: 2.87

A closely related ratio is called PB Ratio. As of today, Cathedral Energy Services's share price is $0.6483. Cathedral Energy Services's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.55. Hence, Cathedral Energy Services's P/B Ratio of today is 1.17.

Cathedral Energy Services Price-to-Tangible-Book Historical Data

The historical data trend for Cathedral Energy Services'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.

* Premium members only.

Cathedral Energy Services Price-to-Tangible-Book Chart

Cathedral Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.21

0.20

0.83

3.66

2.41

Cathedral Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.66	2.85	1.41	3.14	2.41

Competitive Comparison of Cathedral Energy Services's Price-to-Tangible-Book

For the Oil & Gas Drilling subindustry, Cathedral Energy Services'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.

Cathedral Energy Services's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cathedral Energy Services's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Cathedral Energy Services's Price-to-Tangible-Book falls into.

Cathedral Energy Services Price-to-Tangible-Book Calculation

Cathedral Energy Services's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.6483	/	0.226
	=	2.87

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Cathedral Energy Services Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Cathedral Energy Services's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Cathedral Energy Services (Cathedral Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cathedral Energy Services Ltd (OTCPK:CETEF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CET:Canada

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.cathedralenergyservices.com

Cathedral Energy Services Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Directional Drilling division provides horizontal, directional, and underbalanced drilling services. Geographically the company caters its services to Canada and the United States, of which a majority of the revenue is derived from United States.