Topaz Energy (TSX:TPZ) Price-to-Tangible-Book : 2.69 (As of May. 06, 2024)

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What is Topaz Energy Price-to-Tangible-Book?

As of today (2024-05-06), Topaz Energy's share price is C$22.37. Topaz Energy's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$8.33. Hence, Topaz Energy's Price to Tangible Book Ratio of today is 2.69.

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

TSX:TPZ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.52 Med: 2.13 Max: 2.69
Current: 2.69

During the past 5 years, Topaz Energy's highest Price to Tangible Book Ratio was 2.69. The lowest was 1.52. And the median was 2.13.

TSX:TPZ's Price-to-Tangible-Book is ranked worse than
77.96% of 930 companies
in the Oil & Gas industry
Industry Median: 1.32 vs TSX:TPZ: 2.69

A closely related ratio is called PB Ratio. As of today, Topaz Energy's share price is C$22.37. Topaz Energy's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$8.33. Hence, Topaz Energy's P/B Ratio of today is 2.69.

Topaz Energy Price-to-Tangible-Book Historical Data

The historical data trend for Topaz Energy'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.

Topaz Energy Price-to-Tangible-Book Chart

Topaz Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.52

1.88

2.24

2.26

Topaz Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.08	2.30	2.45	2.26	2.68

Competitive Comparison of Topaz Energy's Price-to-Tangible-Book

For the Oil & Gas Midstream subindustry, Topaz Energy'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.

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

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

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

Topaz Energy Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	22.37	/	8.325
	=	2.69

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.

Topaz Energy Price-to-Tangible-Book Related Terms

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

Topaz Energy (TSX:TPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Topaz Energy Corp (TSX:TPZ) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TPZEF:USA 5XU:Germany

Address

250 - 6th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 3H7

Website

https://www.topazenergy.ca

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. It generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.