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Expand EnergyEXE +0.92%56 PB Ratio is 1.09 as of Jul. 16, 2026, which is 17% below its 10-year median of 1.32. GuruFocus rates EXE with a GF Score™ of 56/100 and a GF Value™ of $126.90 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 926 Oil & Gas companies, Expand Energy ranks better than 64.9% on this metric.
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. As of today (2026-07-16), Expand Energy's share price is $88.45. Expand Energy's Book Value per Share for the quarter that ended in Mar. 2026 was $81.41. Hence, Expand Energy's PB Ratio of today is 1.09.
Good Sign:
Expand Energy Corp stock PB Ratio (=1.08) is close to 1-year low of 1.07.
The historical rank and industry rank for Expand Energy's PB Ratio or its related term are showing as below:
EXE'
s PB Ratio Range Over the Past 10 Years
Min: 0.9 Med: 1.32 Max: 2.43
Current: 1.09
During the past 13 years, Expand Energy's highest PB Ratio was 2.43. The lowest was 0.90. And the median was 1.32.
EXE's PB Ratio is ranked better than 64.9% of 926
companies
in the Oil & Gas industry
Industry Median: 1.45
vs EXE: 1.09
During the past 12 months, Expand Energy's average Book Value Per Share Growth Rate was 12.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Expand Energy was 454.70% per year. The lowest was -37.70% per year. And the median was 30.25% 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.
Expand Energy PB Ratio Related Terms
Expand Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for Expand Energy's PB Ratio 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.
For the Oil & Gas E&P subindustry, Expand Energy'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.
Expand Energy PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Expand Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Expand Energy's PB Ratio falls into.
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.
Expand Energy's PB Ratio for today is calculated as follows:
* 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.
Expand Energy (EXE) has a PB Ratio of 1.09 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Expand Energy and its competitors. This is 17% below median its historical median of 1.32. Over the past decade, Expand Energy's PB Ratio has ranged from 0.90 to 2.43. According to the industry distribution chart, Expand Energy ranks #325 out of 926 companies in the Oil & Gas industry, placing it in the top 35.1%.
Is Expand Energy's PB Ratio too high?
Expand Energy's current PB Ratio of 1.09 is 17% below median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 2.43. The Oil & Gas industry median PB Ratio is 1.45. Expand Energy's value of 1.09 is 24.8% below this industry median. Based on the distribution chart, Expand Energy ranks #325 out of 926 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Expand Energy has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Expand Energy's PB Ratio compare to PR and TPL?
According to the Oil & Gas industry distribution chart, Expand Energy ranks #325 out of 926 companies for PB Ratio. This puts Expand Energy in the upper half of its industry. The industry median PB Ratio is 1.45. Expand Energy's value of 1.09 is 24.8% below this benchmark. Historically, Expand Energy's own PB Ratio has ranged from 0.90 to 2.43 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.45, Expand Energy has consistently been below 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 Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.45, based on 926 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. Expand Energy's current PB Ratio of 1.09 is 24.8% below 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 Expand Energy and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Expand Energy's current PB Ratio is 1.09, which is 17% below median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expand Energy stock overvalued right now?
Based on GuruFocus' analysis, Expand Energy (EXE) is currently considered Significantly Undervalued. The stock's GF Value™ is $126.90, compared to a current price of $88.45 — trading 30.3% below its estimated fair value. The current PB Ratio is 1.09, which is 17% below median its 10-year median of 1.32 and 24.8% below the Oil & Gas industry median of 1.45. Expand Energy's overall GF Score™ is 56/100 with 3 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 Expand Energy (EXE), the current PB Ratio is 1.09 as of Jul. 16, 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 Expand Energy (EXE) Overvalued in 2026?
Based on GuruFocus' analysis, Expand Energy stock appears to be undervalued.
The current stock price of $88.45 is trading 30.3% below its estimated GF Value™ of $126.90.
GuruFocus considers Expand Energy to be Significantly Undervalued.
Key valuation signals for EXE:
PB Ratio: 1.09 (17% below median its 10-year median of 1.32)
GF Value™: $126.90 vs. price of $88.45 (30.3% below fair value)
Industry Position: 24.8% below the Oil & Gas median (#325 of 926)
No single metric tells the full story. See the EXE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Expand Energy is a North American natural gas producer in the Haynesville and Appalachian basins, formed by the combination of Chesapeake and Southwestern. Its largest operation by volume is the Haynesville basin in Louisiana, which is heavily exposed to nearby LNG production. Appalachia benefits from its proximity to population centers in the Northeast and mid-Atlantic regions.
56GF Score
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