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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.
Liberty EnergyLBRT -11.52%82 PB Ratio is 1.48 as of Jul. 25, 2026, which is 16% below its 10-year median of 1.77. GuruFocus rates LBRT with a GF Score™ of 82/100 and a GF Value™ of $18.38 (Fairly Valued). The stock has 8 warning signs investors should review. Among 925 Oil & Gas companies, Liberty Energy ranks worse than 54.81% 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 (2026-07-25), Liberty Energy's share price is $17.36. Liberty Energy's Book Value per Share for the quarter that ended in Jun. 2026 was $11.71. Hence, Liberty Energy's PB Ratio of today is 1.48.
The historical rank and industry rank for Liberty Energy's PB Ratio or its related term are showing as below:
LBRT'
s PB Ratio Range Over the Past 10 Years
Min: 0.36 Med: 1.77 Max: 4.3
Current: 1.44
During the past 11 years, Liberty Energy's highest PB Ratio was 4.30. The lowest was 0.36. And the median was 1.77.
LBRT's PB Ratio is ranked worse than 54.81% of 925
companies
in the Oil & Gas industry
Industry Median: 1.46
vs LBRT: 1.44
During the past 12 months, Liberty Energy's average Book Value Per Share Growth Rate was -2.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.90% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Liberty Energy was 38.40% per year. The lowest was 1.50% per year. And the median was 15.10% 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.
Liberty Energy PB Ratio Related Terms
Liberty Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for Liberty 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 Equipment & Services subindustry, Liberty 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.
Liberty Energy PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Liberty Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Liberty 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.
Liberty 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.
Liberty Energy (LBRT) has a PB Ratio of 1.48 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Liberty Energy and its competitors. This is 16% below median its historical median of 1.77. Over the past decade, Liberty Energy's PB Ratio has ranged from 0.36 to 4.30. According to the industry distribution chart, Liberty Energy ranks #507 out of 925 companies in the Oil & Gas industry, placing it in the top 54.8%.
Is Liberty Energy's PB Ratio too high?
Liberty Energy's current PB Ratio of 1.48 is 16% below median its 10-year median of 1.77. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 4.30. The Oil & Gas industry median PB Ratio is 1.46. Liberty Energy's value of 1.48 is 1.4% above this industry median. Based on the distribution chart, Liberty Energy ranks #507 out of 925 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Liberty Energy has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Liberty Energy's PB Ratio compare to SEI and OII?
According to the Oil & Gas industry distribution chart, Liberty Energy ranks #507 out of 925 companies for PB Ratio. This places Liberty Energy in the lower half of its industry. The industry median PB Ratio is 1.46. Liberty Energy's value of 1.48 is 1.4% above this benchmark. Historically, Liberty Energy's own PB Ratio has ranged from 0.36 to 4.30 over the past decade. While the company's 10-year median is 1.77 vs. the industry median of 1.46, Liberty Energy 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 Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.46, based on 925 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. Liberty Energy's current PB Ratio of 1.48 is 1.4% 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 Liberty Energy and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty Energy's current PB Ratio is 1.48, which is 16% below median its own 10-year median of 1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty Energy stock overvalued right now?
Based on GuruFocus' analysis, Liberty Energy (LBRT) is currently considered Fairly Valued. The stock's GF Value™ is $18.38, compared to a current price of $17.36 — trading 5.5% below its estimated fair value. The current PB Ratio is 1.48, which is 16% below median its 10-year median of 1.77 and 1.4% above the Oil & Gas industry median of 1.46. Liberty Energy's overall GF Score™ is 82/100 with 8 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 Liberty Energy (LBRT), the current PB Ratio is 1.48 as of Jul. 25, 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 Liberty Energy (LBRT) Overvalued in 2026?
Based on GuruFocus' analysis, Liberty Energy stock appears to be undervalued.
The current stock price of $17.36 is trading 5.5% below its estimated GF Value™ of $18.38.
GuruFocus considers Liberty Energy to be Fairly Valued.
Key valuation signals for LBRT:
PB Ratio: 1.48 (16% below median its 10-year median of 1.77)
GF Value™: $18.38 vs. price of $17.36 (5.5% below fair value)
Industry Position: 1.4% above the Oil & Gas median (#507 of 925)
No single metric tells the full story. See the LBRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liberty Energy Inc is a integrated energy services and technology company focused on providing hydraulic fracturing services and related technologies to onshore oil and natural gas exploration and production (E&P) companies. The Company offers customers with hydraulic fracturing services, together with complementary services including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods (including sand mine operations), and technologies to facilitate lower emission completions, thereby helping customers reduce emissions profile. The company provides services across USA and Canada.
82GF Score
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