Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
What is BlackRock Energy & Resources Trust PB Ratio?
BlackRock Energy & Resources TrustBGR -0.29%43 PB Ratio is 1.23 as of Aug. 21, 2026, which is 29% above its 10-year median of 0.95. GuruFocus rates BGR with a GF Score™ of 43/100 and a GF Value™ of $25.12 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,594 Asset Management companies, BlackRock Energy & Resources Trust ranks worse than 75.66% on this metric.
BGR's PB Ratio is ranked worse than 75.66% of 1594
companies
in the Asset Management industry
Industry Median: 0.95
vs BGR: 1.23
During the past 12 months, BlackRock Energy & Resources Trust's average Book Value Per Share Growth Rate was 3.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.50% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of BlackRock Energy & Resources Trust was 20.00% per year. The lowest was -19.70% per year. And the median was 2.10% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
BlackRock Energy & Resources Trust PB Ratio Related Terms
BlackRock Energy & Resources Trust PB Ratio Historical Data
* 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.
For the Asset Management subindustry, BlackRock Energy & Resources Trust's PB Ratio, along with its competitors' market caps and PB Ratio 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.
BlackRock Energy & Resources Trust PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock Energy & Resources Trust's PB Ratio distribution charts can be found below:
* The bar in red indicates where BlackRock Energy & Resources Trust's PB Ratio falls into.
BlackRock Energy & Resources Trust PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
BlackRock Energy & Resources Trust (BGR) has a PB Ratio of 1.23 as of Aug. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BlackRock Energy & Resources Trust and its competitors. This is 29% above median its historical median of 0.95. Over the past decade, BlackRock Energy & Resources Trust's PB Ratio has ranged from 0.40 to 1.26. According to the industry distribution chart, BlackRock Energy & Resources Trust ranks #1206 out of 1594 companies in the Asset Management industry, placing it in the top 75.7%.
Is BlackRock Energy & Resources Trust's PB Ratio too high?
BlackRock Energy & Resources Trust's current PB Ratio of 1.23 is 29% above median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.26. The Asset Management industry median PB Ratio is 0.95. BlackRock Energy & Resources Trust's value of 1.23 is 29.5% above this industry median. Based on the distribution chart, BlackRock Energy & Resources Trust ranks #1206 out of 1594 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, BlackRock Energy & Resources Trust has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlackRock Energy & Resources Trust's PB Ratio compare to FINS and DFP?
According to the Asset Management industry distribution chart, BlackRock Energy & Resources Trust ranks #1206 out of 1594 companies for PB Ratio. This places BlackRock Energy & Resources Trust in the lower half of its industry. The industry median PB Ratio is 0.95. BlackRock Energy & Resources Trust's value of 1.23 is 29.5% above this benchmark. Historically, BlackRock Energy & Resources Trust's own PB Ratio has ranged from 0.40 to 1.26 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.95, BlackRock Energy & Resources Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,594 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock Energy & Resources Trust's current PB Ratio of 1.23 is 29.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BlackRock Energy & Resources Trust and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock Energy & Resources Trust's current PB Ratio is 1.23, which is 29% above median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock Energy & Resources Trust stock overvalued right now?
Based on GuruFocus' analysis, BlackRock Energy & Resources Trust (BGR) is currently considered Significantly Undervalued. The stock's GF Value™ is $25.12, compared to a current price of $17.40 — trading 30.7% below its estimated fair value. The current PB Ratio is 1.23, which is 29% above median its 10-year median of 0.95 and 29.5% above the Asset Management industry median of 0.95. BlackRock Energy & Resources Trust's overall GF Score™ is 43/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For BlackRock Energy & Resources Trust (BGR), the current PB Ratio is 1.23 as of Aug. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BlackRock Energy & Resources Trust (BGR) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock Energy & Resources Trust stock appears to be undervalued.
The current stock price of $17.40 is trading 30.7% below its estimated GF Value™ of $25.12.
GuruFocus considers BlackRock Energy & Resources Trust to be Significantly Undervalued.
Key valuation signals for BGR:
PB Ratio: 1.23 (29% above median its 10-year median of 0.95)
GF Value™: $25.12 vs. price of $17.40 (30.7% below fair value)
Industry Position: 29.5% above the Asset Management median (#1206 of 1594)
No single metric tells the full story. See the BGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlackRock Energy & Resources Trust is a closed-end equity fund providing total return through a combination of current income, gains, and capital appreciation by investing in equity securities and derivatives of energy and natural resources companies. The fund invests in various sectors such as information technology, financials, healthcare, consumer discretionary, industrial, energy, materials, utilities, and others.
43GF Score
Get the complete analysis for BGR
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BGR has been successfully added to your 
