NTOIF (Neste OYJ) PB Ratio : 1.23 (As of Dec. 12, 2024)

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What is Neste OYJ 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), Neste OYJ's share price is $13.40. Neste OYJ's Book Value per Share for the quarter that ended in Sep. 2024 was $10.90. Hence, Neste OYJ's PB Ratio of today is 1.23.

Good Sign:

Neste OYJ stock PB Ratio (=1.34) is close to 10-year low of 1.31

The historical rank and industry rank for Neste OYJ's PB Ratio or its related term are showing as below:

NTOIF' s PB Ratio Range Over the Past 10 Years
Min: 1.31 Med: 3.68 Max: 8.12
Current: 1.33

During the past 13 years, Neste OYJ's highest PB Ratio was 8.12. The lowest was 1.31. And the median was 3.68.

NTOIF's PB Ratio is ranked worse than
56.74% of 957 companies
in the Oil & Gas industry
Industry Median: 1.17 vs NTOIF: 1.33

During the past 12 months, Neste OYJ's average Book Value Per Share Growth Rate was -6.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 12.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 13.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Neste OYJ was 18.00% per year. The lowest was -26.80% per year. And the median was 8.70% per year.

Back to Basics: PB Ratio

Neste OYJ PB Ratio Historical Data

The historical data trend for Neste OYJ'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.

Neste OYJ PB Ratio Chart

Neste OYJ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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4.03

7.71

4.79

3.94

3.06

Neste OYJ 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															3.07	3.06	2.48	1.68	1.74

Competitive Comparison of Neste OYJ's PB Ratio

For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.

Neste OYJ's PB Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Neste OYJ's PB Ratio falls into.

Neste OYJ 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.

Neste OYJ's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2024)
	=	13.40	/	10.898
	=	1.23

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.

Neste OYJ (OTCPK:NTOIF) 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.

Neste OYJ PB Ratio Related Terms

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Neste OYJ Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (OTCPK:NTOIF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

NTOIY:USA 1NESTE:Italy NESTEh:UK 0O46:UK NESTE:Finland NEF:Germany

Address

Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095

Website

https://www.neste.com

Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.