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 (2024-04-25), Nabors Industries's share price is $75.13. Nabors Industries's Book Value per Share for the quarter that ended in Dec. 2023 was $34.77. Hence, Nabors Industries's PB Ratio of today is 2.16.
Good Sign:
Nabors Industries Ltd stock PB Ratio (=2.3) is close to 1-year low of 2.09
The historical rank and industry rank for Nabors Industries's PB Ratio or its related term are showing as below:
NBR'
s PB Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.79 Max: 4.53
Current: 2.16
During the past 13 years, Nabors Industries's highest PB Ratio was 4.53. The lowest was 0.06. And the median was 0.79.
NBR's PB Ratio is ranked worse than 77.05% of 989
companies
in the Oil & Gas industry
Industry Median: 1.24
vs NBR: 2.16
During the past 12 months, Nabors Industries's average Book Value Per Share Growth Rate was -11.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -39.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -41.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -30.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nabors Industries was 45.80% per year. The lowest was -47.60% per year. And the median was 11.45% per year.
Back to Basics: PB Ratio
Nabors Industries PB Ratio Historical Data
The historical data trend for Nabors Industries'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.
Competitive Comparison of Nabors Industries's PB Ratio
For the Oil & Gas Drilling subindustry, Nabors Industries'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.
Nabors Industries's PB Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Nabors Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nabors Industries's PB Ratio falls into.
Nabors Industries 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.
Nabors Industries'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.
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.
Nabors Industries PB Ratio Related Terms
Thank you for viewing the detailed overview of Nabors Industries's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Nabors Industries (Nabors Industries) Business Description
Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.
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