NAT (Nordic American Tankers) PB Ratio : 1.07 (As of Dec. 12, 2024)

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What is Nordic American Tankers PB Ratio?

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 (2024-12-12), Nordic American Tankers's share price is $2.61. Nordic American Tankers's Book Value per Share for the quarter that ended in Sep. 2024 was $2.44. Hence, Nordic American Tankers's PB Ratio of today is 1.07.

Good Sign:

Nordic American Tankers Ltd stock PB Ratio (=1.08) is close to 2-year low of 1.08

The historical rank and industry rank for Nordic American Tankers's PB Ratio or its related term are showing as below:

NAT' s PB Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.98 Max: 1.87
Current: 1.07

During the past 13 years, Nordic American Tankers's highest PB Ratio was 1.87. The lowest was 0.33. And the median was 0.98.

NAT's PB Ratio is ranked better than
54.92% of 956 companies
in the Oil & Gas industry
Industry Median: 1.17 vs NAT: 1.07

During the past 12 months, Nordic American Tankers's average Book Value Per Share Growth Rate was -4.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -13.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -11.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -15.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nordic American Tankers was 27.80% per year. The lowest was -24.60% per year. And the median was -7.40% per year.

Back to Basics: PB Ratio

Nordic American Tankers PB Ratio Historical Data

The historical data trend for Nordic American Tankers'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.

* Premium members only.

Nordic American Tankers PB Ratio Chart

Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.22

0.75

0.62

1.18

1.63

Nordic American Tankers Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
PB Ratio	Get a 7-Day Free Trial															1.61	1.63	1.55	1.58	1.50

Competitive Comparison of Nordic American Tankers's PB Ratio

For the Oil & Gas Midstream subindustry, Nordic American Tankers'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.

Nordic American Tankers's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Nordic American Tankers's PB Ratio distribution charts can be found below:

* The bar in red indicates where Nordic American Tankers's PB Ratio falls into.

Nordic American Tankers 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.

Nordic American Tankers's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2024)
	=	2.61	/	2.443
	=	1.07

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Nordic American Tankers (NYSE:NAT) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.

Nordic American Tankers PB Ratio Related Terms

Thank you for viewing the detailed overview of Nordic American Tankers's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Nordic American Tankers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nordic American Tankers Ltd (NYSE:NAT) » Definitions » PB Ratio

Comparable Companies

PBT TEN NGL TK EE SMC SBR DLNG MMLP BROG TSX:ENB WMB EPD OKE ET KMI TSX:TRP MPLX LNG TRGP

Traded in Other Exchanges

0UC0:UK B30:Germany B3O:Germany

Address

26 Victoria Street, Swan Building, Hamilton, BMU, HM 12

Website

https://www.nat.bm

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.