Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Pulse OilTSXV:PUL -33.33% PB Ratio is 0.28 as of Jul. 25, 2026, which is 67% below its 10-year median of 0.85. The stock has 4 warning signs investors should review. Among 925 Oil & Gas companies, Pulse Oil ranks better than 92.22% 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 (2026-07-25), Pulse Oil's share price is C$0.01. Pulse Oil's Book Value per Share for the quarter that ended in Dec. 2025 was C$0.04. Hence, Pulse Oil's PB Ratio of today is 0.28.
Good Sign:
Pulse Oil Corp stock PB Ratio (=0.28) is close to 5-year low of 0.26.
The historical rank and industry rank for Pulse Oil's PB Ratio or its related term are showing as below:
TSXV:PUL'
s PB Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.85 Max: 4.19
Current: 0.28
During the past 13 years, Pulse Oil's highest PB Ratio was 4.19. The lowest was 0.11. And the median was 0.85.
TSXV:PUL's PB Ratio is ranked better than 92.22% of 925
companies
in the Oil & Gas industry
Industry Median: 1.46
vs TSXV:PUL: 0.28
During the past 12 months, Pulse Oil's average Book Value Per Share Growth Rate was -7.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -11.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -5.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Pulse Oil was 98.20% per year. The lowest was -37.40% per year. And the median was -2.60% 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.
Pulse Oil PB Ratio Related Terms
Pulse Oil PB Ratio Historical Data
* Premium members only.
The historical data trend for Pulse Oil'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, Pulse Oil'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.
Pulse Oil PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pulse Oil's PB Ratio distribution charts can be found below:
* The bar in red indicates where Pulse Oil'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.
Pulse Oil'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.
Pulse Oil (TSXV:PUL) has a PB Ratio of 0.28 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Pulse Oil and its competitors. This is 67% below median its historical median of 0.85. Over the past decade, Pulse Oil's PB Ratio has ranged from 0.11 to 4.19. According to the industry distribution chart, Pulse Oil ranks #72 out of 925 companies in the Oil & Gas industry, placing it in the top 7.8%.
Is Pulse Oil's PB Ratio too high?
Pulse Oil's current PB Ratio of 0.28 is 67% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 4.19. The Oil & Gas industry median PB Ratio is 1.46. Pulse Oil's value of 0.28 is 80.8% below this industry median. Based on the distribution chart, Pulse Oil ranks #72 out of 925 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does Pulse Oil's PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Pulse Oil ranks #72 out of 925 companies for PB Ratio. This places Pulse Oil in the top 8% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.46. Pulse Oil's value of 0.28 is 80.8% below this benchmark. Historically, Pulse Oil's own PB Ratio has ranged from 0.11 to 4.19 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.46, Pulse Oil 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 1.46, based on 925 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. Pulse Oil's current PB Ratio of 0.28 is 80.8% 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 Pulse Oil and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pulse Oil's current PB Ratio is 0.28, which is 67% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulse Oil stock overvalued right now?
Based on GuruFocus' analysis, Pulse Oil (TSXV:PUL) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.02, compared to a current price of C$0.01 — trading 50% below its estimated fair value. The current PB Ratio is 0.28, which is 67% below median its 10-year median of 0.85 and 80.8% below the Oil & Gas industry median of 1.46. 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 Pulse Oil (TSXV:PUL), the current PB Ratio is 0.28 as of Jul. 25, 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.
Pulse Oil Corp is a Canadian oil and gas company engaged in oil and gas exploration and production in Canada. It has two primary reporting segments located in the Bigoray area of Alberta and the Queenstown area of southern Alberta. The company holds various acres of land in the Bigoray area of Alberta and the Queenstown area of southern Alberta, managing its oil and gas assets, including proved, probable, producing, and non-producing reserves. It focuses on enhanced oil recovery (EOR) in its Nisku D and E Pools, aiming to improve production efficiency through miscible flood schemes. The company produces all of its crude oil and natural gas through conventional methods of production. All production is transported via pipeline or trucking to nearby purchasers of all products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:PUL has been successfully added to your 
