Permex Petroleum (XCNQ:OIL) PB Ratio : 0.30 (As of May. 20, 2024)

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What is Permex Petroleum 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 (2024-05-20), Permex Petroleum's share price is C$5.60. Permex Petroleum's Book Value per Share for the quarter that ended in Jun. 2023 was C$18.84. Hence, Permex Petroleum's PB Ratio of today is 0.30.

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

XCNQ:OIL' s PB Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.78 Max: 5.71
Current: 0.3

During the past 6 years, Permex Petroleum's highest PB Ratio was 5.71. The lowest was 0.16. And the median was 0.78.

XCNQ:OIL's PB Ratio is ranked better than
94.53% of 988 companies
in the Oil & Gas industry
Industry Median: 1.25 vs XCNQ:OIL: 0.30

During the past 12 months, Permex Petroleum's average Book Value Per Share Growth Rate was -38.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -7.50% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Permex Petroleum was -7.50% per year. The lowest was -14.20% per year. And the median was -10.85% per year.

Back to Basics: PB Ratio

Permex Petroleum PB Ratio Historical Data

The historical data trend for Permex Petroleum'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.

Permex Petroleum PB Ratio Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

PB Ratio

Get a 7-Day Free Trial

1.91

0.39

0.46

1.13

1.08

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
PB Ratio	Get a 7-Day Free Trial															1.25	1.08	0.38	0.90	0.57

Competitive Comparison of Permex Petroleum's PB Ratio

For the Oil & Gas E&P subindustry, Permex Petroleum'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.

Permex Petroleum's PB Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Permex Petroleum's PB Ratio falls into.

Permex Petroleum 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.

Permex Petroleum's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2023)
	=	5.60	/	18.841
	=	0.30

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.

Permex Petroleum (XCNQ:OIL) 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.

Permex Petroleum PB Ratio Related Terms

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Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer