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Flex LNGOSTO:FLNGO 72 PB Ratio is 1.96 as of Jul. 18, 2026, which is 48% above its 10-year median of 1.32. GuruFocus rates OSTO:FLNGO with a GF Score™ of 72/100 and a GF Value™ of kr199.30. The stock has 9 warning signs investors should review. Among 926 Oil & Gas companies, Flex LNG ranks worse than 72.46% 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 (2026-07-18), Flex LNG's share price is kr244.50. Flex LNG's Book Value per Share for the quarter that ended in Mar. 2026 was kr124.68. Hence, Flex LNG's PB Ratio of today is 1.96.
Warning Sign:
Flex LNG Ltd stock PB Ratio (=2.38) is close to 10-year high of 2.53.
The historical rank and industry rank for Flex LNG's PB Ratio or its related term are showing as below:
OSTO:FLNGo'
s PB Ratio Range Over the Past 10 Years
Min: 0.26 Med: 1.32 Max: 2.53
Current: 2.38
During the past 13 years, Flex LNG's highest PB Ratio was 2.53. The lowest was 0.26. And the median was 1.32.
OSTO:FLNGo's PB Ratio is ranked worse than 72.46% of 926
companies
in the Oil & Gas industry
Industry Median: 1.425
vs OSTO:FLNGo: 2.38
During the past 12 months, Flex LNG's average Book Value Per Share Growth Rate was -11.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -7.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Flex LNG was 229.70% per year. The lowest was -78.80% per year. And the median was -2.00% 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.
Flex LNG PB Ratio Related Terms
Flex LNG PB Ratio Historical Data
* Premium members only.
The historical data trend for Flex LNG'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 Midstream subindustry, Flex LNG'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.
Flex LNG PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Flex LNG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Flex LNG'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.
Flex LNG'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.
Flex LNG (OSTO:FLNGO) has a PB Ratio of 1.96 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Flex LNG and its competitors. This is 48% above median its historical median of 1.32. Over the past decade, Flex LNG's PB Ratio has ranged from 0.26 to 2.53. According to the industry distribution chart, Flex LNG ranks #671 out of 926 companies in the Oil & Gas industry, placing it in the top 72.5%.
Is Flex LNG's PB Ratio too high?
Flex LNG's current PB Ratio of 1.96 is 48% above median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 2.53. The Oil & Gas industry median PB Ratio is 1.43. Flex LNG's value of 1.96 is 37.5% above this industry median. Based on the distribution chart, Flex LNG ranks #671 out of 926 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Flex LNG has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Flex LNG's PB Ratio compare to GLP and LPG?
According to the Oil & Gas industry distribution chart, Flex LNG ranks #671 out of 926 companies for PB Ratio. This places Flex LNG in the lower half of its industry. The industry median PB Ratio is 1.43. Flex LNG's value of 1.96 is 37.5% above this benchmark. Historically, Flex LNG's own PB Ratio has ranged from 0.26 to 2.53 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.43, Flex LNG 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 1.43, based on 926 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. Flex LNG's current PB Ratio of 1.96 is 37.5% 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 Flex LNG and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flex LNG's current PB Ratio is 1.96, which is 48% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flex LNG stock overvalued right now?
Flex LNG (OSTO:FLNGO) has a current PB Ratio of 1.96. The stock's GF Value™ is kr199.30, compared to a current price of kr244.50 — trading 22.7% above its estimated fair value. The current PB Ratio is 1.96, which is 48% above median its 10-year median of 1.32 and 37.5% above the Oil & Gas industry median of 1.43. Flex LNG's overall GF Score™ is 72/100 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 Flex LNG (OSTO:FLNGO), the current PB Ratio is 1.96 as of Jul. 18, 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 Flex LNG (OSTO:FLNGO) Overvalued in 2026?
Based on GuruFocus' analysis, Flex LNG stock appears to be overvalued.
The current stock price of kr244.50 is trading 22.7% above its estimated GF Value™ of kr199.30.
Key valuation signals for OSTO:FLNGO:
PB Ratio: 1.96 (48% above median its 10-year median of 1.32)
GF Value™: kr199.30 vs. price of kr244.50 (22.7% above fair value)
Industry Position: 37.5% above the Oil & Gas median (#671 of 926)
No single metric tells the full story. See the OSTO:FLNGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The company's fleet consists of several LNG carriers on the water, and all of its vessels are of the latest generation equipped with two-stroke propulsion. Its fleet consists of M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers and Generation X Dual Fuel (X-DF) LNG carriers, offering improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. The company has one reportable segment: vessel operations, which generates revenue from the chartering of vessels to customers.
72GF Score
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