Seplat EnergyNSA:SEPLAT 69 PB Ratio is 2.71 as of Jul. 03, 2026, which is 1326% above its 10-year median of 0.19. GuruFocus rates NSA:SEPLAT with a GF Score™ of 69/100 and a GF Value™ of ₦9,872.33 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 923 Oil & Gas companies, Seplat Energy ranks worse than 77.46% 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 (2026-07-03), Seplat Energy's share price is ₦11363.90. Seplat Energy's Book Value per Share for the quarter that ended in Mar. 2026 was ₦4,197.51. Hence, Seplat Energy's PB Ratio of today is 2.71.
Warning Sign:
Seplat Energy PLC stock PB Ratio (=2.72) is close to 10-year high of 2.78.
The historical rank and industry rank for Seplat Energy's PB Ratio or its related term are showing as below:
NSA:SEPLAT'
s PB Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.19 Max: 2.78
Current: 2.72
During the past 13 years, Seplat Energy's highest PB Ratio was 2.78. The lowest was 0.07. And the median was 0.19.
NSA:SEPLAT's PB Ratio is ranked worse than 77.46% of 923
companies
in the Oil & Gas industry
Industry Median: 1.38
vs NSA:SEPLAT: 2.72
During the past 12 months, Seplat Energy's average Book Value Per Share Growth Rate was -2.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Seplat Energy was 134.90% per year. The lowest was -1.70% per year. And the median was 2.70% 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.
Seplat Energy PB Ratio Related Terms
Seplat Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for Seplat 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, Seplat 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.
Seplat Energy PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Seplat Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Seplat 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.
Seplat 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.
Seplat Energy (NSA:SEPLAT) has a PB Ratio of 2.71 as of Jul. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Seplat Energy and its competitors. This is 1326% above median its historical median of 0.19. Over the past decade, Seplat Energy's PB Ratio has ranged from 0.07 to 2.78. According to the industry distribution chart, Seplat Energy ranks #715 out of 923 companies in the Oil & Gas industry, placing it in the top 77.5%.
Is Seplat Energy's PB Ratio too high?
Seplat Energy's current PB Ratio of 2.71 is 1326% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 2.78. The Oil & Gas industry median PB Ratio is 1.38. Seplat Energy's value of 2.71 is 96.4% above this industry median. Based on the distribution chart, Seplat Energy ranks #715 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Seplat Energy has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seplat Energy's PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Seplat Energy ranks #715 out of 923 companies for PB Ratio. This places Seplat Energy in the lower half of its industry. The industry median PB Ratio is 1.38. Seplat Energy's value of 2.71 is 96.4% above this benchmark. Historically, Seplat Energy's own PB Ratio has ranged from 0.07 to 2.78 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 1.38, Seplat 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 1.38, based on 923 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. Seplat Energy's current PB Ratio of 2.71 is 96.4% 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 Seplat Energy and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seplat Energy's current PB Ratio is 2.71, which is 1326% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seplat Energy stock overvalued right now?
Based on GuruFocus' analysis, Seplat Energy (NSA:SEPLAT) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦9,872.33, compared to a current price of ₦11,363.90 — trading 15.1% above its estimated fair value. The current PB Ratio is 2.71, which is 1326% above median its 10-year median of 0.19 and 96.4% above the Oil & Gas industry median of 1.38. Seplat Energy's overall GF Score™ is 69/100 with 9 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 Seplat Energy (NSA:SEPLAT), the current PB Ratio is 2.71 as of Jul. 03, 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 Seplat Energy (NSA:SEPLAT) Overvalued in 2026?
Based on GuruFocus' analysis, Seplat Energy stock appears to be overvalued.
The current stock price of ₦11,363.90 is trading 15.1% above its estimated GF Value™ of ₦9,872.33.
GuruFocus considers Seplat Energy to be Modestly Overvalued.
Key valuation signals for NSA:SEPLAT:
PB Ratio: 2.71 (1326% above median its 10-year median of 0.19)
GF Value™: ₦9,872.33 vs. price of ₦11,363.90 (15.1% above fair value)
Industry Position: 96.4% above the Oil & Gas median (#715 of 923)
No single metric tells the full story. See the NSA:SEPLAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Seplat Energy PLC is a Nigerian independent upstream oil and gas company that focuses on production and development opportunities in Nigeria. The company has two reportable segments, namely Oil and Gas. Geographically, it derives a key revenue from India, Spain, the Netherlands, and the USA. The company's exploration assets include OMLs 4, 38, and 41, which are located in Edo and Delta States onshore Nigeria; OPL 283 Marginal Field Area; and OML 53, which is located onshore in Imo State in the North-Eastern Niger Delta.
69GF Score
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