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NGL Energy Partners LPNGL +2.85%52 PB Ratio is 68.78 as of Aug. 29, 2026, which is 10166% above its 10-year median of 0.67. GuruFocus rates NGL with a GF Score™ of 52/100 and a GF Value™ of $5.59 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 934 Oil & Gas companies, NGL Energy Partners LP ranks worse than 99.57% on this metric.
NGL Energy Partners LP stock PB Ratio (=68.78) is close to 10-year high of 68.78.
The historical rank and industry rank for NGL Energy Partners LP's PB Ratio or its related term are showing as below:
NGL'
s PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.67 Max: 68.78
Current: 68.78
During the past 13 years, NGL Energy Partners LP's highest PB Ratio was 68.78. The lowest was 0.12. And the median was 0.67.
NGL's PB Ratio is ranked worse than 99.57% of 934
companies
in the Oil & Gas industry
Industry Median: 1.48
vs NGL: 68.78
During the past 12 months, NGL Energy Partners LP's average Book Value Per Share Growth Rate was -94.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of NGL Energy Partners LP was 80.30% per year. The lowest was -20.50% per year. And the median was -1.95% 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.
* 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 Midstream subindustry, NGL Energy Partners LP'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.
NGL Energy Partners LP PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's PB Ratio distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP'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.
* 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.
NGL Energy Partners LP (NGL) has a PB Ratio of 68.78 as of Aug. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on NGL Energy Partners LP and its competitors. This is 10166% above median its historical median of 0.67. Over the past decade, NGL Energy Partners LP's PB Ratio has ranged from 0.12 to 68.78. According to the industry distribution chart, NGL Energy Partners LP ranks #930 out of 934 companies in the Oil & Gas industry, placing it in the top 99.6%.
Is NGL Energy Partners LP's PB Ratio too high?
NGL Energy Partners LP's current PB Ratio of 68.78 is 10166% above median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 68.78. The Oil & Gas industry median PB Ratio is 1.48. NGL Energy Partners LP's value of 68.78 is 4547.3% above this industry median. Based on the distribution chart, NGL Energy Partners LP ranks #930 out of 934 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, NGL Energy Partners LP has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's PB Ratio compare to LPG and GEL?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #930 out of 934 companies for PB Ratio. This places NGL Energy Partners LP in the lower half of its industry. The industry median PB Ratio is 1.48. NGL Energy Partners LP's value of 68.78 is 4547.3% above this benchmark. Historically, NGL Energy Partners LP's own PB Ratio has ranged from 0.12 to 68.78 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 1.48, NGL Energy Partners LP 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 1.48, based on 934 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. NGL Energy Partners LP's current PB Ratio of 68.78 is 4547.3% 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 NGL Energy Partners LP and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current PB Ratio is 68.78, which is 10166% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGL Energy Partners LP stock overvalued right now?
Based on GuruFocus' analysis, NGL Energy Partners LP (NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.59, compared to a current price of $18.02 — trading 222.4% above its estimated fair value. The current PB Ratio is 68.78, which is 10166% above median its 10-year median of 0.67 and 4547.3% above the Oil & Gas industry median of 1.48. NGL Energy Partners LP's overall GF Score™ is 52/100 with 7 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 NGL Energy Partners LP (NGL), the current PB Ratio is 68.78 as of Aug. 29, 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 NGL Energy Partners LP (NGL) Overvalued in 2026?
Based on GuruFocus' analysis, NGL Energy Partners LP stock appears to be overvalued.
The current stock price of $18.02 is trading 222.4% above its estimated GF Value™ of $5.59.
GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.
Key valuation signals for NGL:
PB Ratio: 68.78 (10166% above median its 10-year median of 0.67)
GF Value™: $5.59 vs. price of $18.02 (222.4% above fair value)
Industry Position: 4547.3% above the Oil & Gas median (#930 of 934)
No single metric tells the full story. See the NGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NGL Energy Partners LP is a USA-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, as well as for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants and sells propane and distillates.
52GF Score
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