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Patterson-UTI EnergyPTEN +1.86%64 PB Ratio is 1.18 as of Jul. 14, 2026, which is 23% above its 10-year median of 0.96. GuruFocus rates PTEN with a GF Score™ of 64/100 and a GF Value™ of $8.02 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 924 Oil & Gas companies, Patterson-UTI Energy ranks better than 60.71% on this metric.
The historical rank and industry rank for Patterson-UTI Energy's PB Ratio or its related term are showing as below:
PTEN'
s PB Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.96 Max: 2.7
Current: 1.19
During the past 13 years, Patterson-UTI Energy's highest PB Ratio was 2.70. The lowest was 0.13. And the median was 0.96.
PTEN's PB Ratio is ranked better than 60.71% of 924
companies
in the Oil & Gas industry
Industry Median: 1.445
vs PTEN: 1.19
During the past 12 months, Patterson-UTI Energy's average Book Value Per Share Growth Rate was -6.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -8.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Patterson-UTI Energy was 51.10% per year. The lowest was -23.00% per year. And the median was 8.50% per year.
Back to Basics: PB Ratio
Patterson-UTI Energy (NAS:PTEN) PB Ratio Explanation
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.
Patterson-UTI Energy PB Ratio Related Terms
Patterson-UTI Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for Patterson-UTI 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 Drilling subindustry, Patterson-UTI 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.
Patterson-UTI Energy PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Patterson-UTI 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.
* 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.
Patterson-UTI Energy (PTEN) has a PB Ratio of 1.18 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Patterson-UTI Energy and its competitors. This is 23% above median its historical median of 0.96. Over the past decade, Patterson-UTI Energy's PB Ratio has ranged from 0.13 to 2.70. According to the industry distribution chart, Patterson-UTI Energy ranks #363 out of 924 companies in the Oil & Gas industry, placing it in the top 39.3%.
Is Patterson-UTI Energy's PB Ratio too high?
Patterson-UTI Energy's current PB Ratio of 1.18 is 23% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 2.70. The Oil & Gas industry median PB Ratio is 1.45. Patterson-UTI Energy's value of 1.18 is 18.3% below this industry median. Based on the distribution chart, Patterson-UTI Energy ranks #363 out of 924 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Patterson-UTI Energy has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patterson-UTI Energy's PB Ratio compare to HP and SDRL?
According to the Oil & Gas industry distribution chart, Patterson-UTI Energy ranks #363 out of 924 companies for PB Ratio. This puts Patterson-UTI Energy in the upper half of its industry. The industry median PB Ratio is 1.45. Patterson-UTI Energy's value of 1.18 is 18.3% below this benchmark. Historically, Patterson-UTI Energy's own PB Ratio has ranged from 0.13 to 2.70 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 1.45, Patterson-UTI Energy has consistently been below 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 1.45, based on 924 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. Patterson-UTI Energy's current PB Ratio of 1.18 is 18.3% below 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 Patterson-UTI Energy and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patterson-UTI Energy's current PB Ratio is 1.18, which is 23% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patterson-UTI Energy stock overvalued right now?
Based on GuruFocus' analysis, Patterson-UTI Energy (PTEN) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.02, compared to a current price of $9.86 — trading 22.9% above its estimated fair value. The current PB Ratio is 1.18, which is 23% above median its 10-year median of 0.96 and 18.3% below the Oil & Gas industry median of 1.45. Patterson-UTI Energy's overall GF Score™ is 64/100 with 3 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 Patterson-UTI Energy (PTEN), the current PB Ratio is 1.18 as of Jul. 14, 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 Patterson-UTI Energy (PTEN) Overvalued in 2026?
Based on GuruFocus' analysis, Patterson-UTI Energy stock appears to be overvalued.
The current stock price of $9.86 is trading 22.9% above its estimated GF Value™ of $8.02.
GuruFocus considers Patterson-UTI Energy to be Modestly Overvalued.
Key valuation signals for PTEN:
PB Ratio: 1.18 (23% above median its 10-year median of 0.96)
GF Value™: $8.02 vs. price of $9.86 (22.9% above fair value)
Industry Position: 18.3% below the Oil & Gas median (#363 of 924)
No single metric tells the full story. See the PTEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patterson-UTI Energy Inc is a Texas based provider of drilling and completion services to oil and natural gas exploration and production companies, offering contract drilling, integrated well completion, directional drilling services, and specialized drill bit solutions. The Company operates through three segments: Drilling Services, Completion Services, and Drilling Products. Drilling Services includes contract and directional drilling, Completion Services generates maximum revenue and includes hydraulic fracturing and related support services, and Drilling Products includes the manufacturing and distribution of drill bits. The Company operates in the United States, Canada, Colombia, and Other Countries, with the majority of revenue coming from the United States.
64GF Score
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