Hoegh LNG Partners LP (Hoegh LNG Partners LP) PB Ratio : 0.51 (As of Apr. 26, 2024)

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What is Hoegh LNG Partners LP 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 (2024-04-26), Hoegh LNG Partners LP's share price is $9.24. Hoegh LNG Partners LP's Book Value per Share for the quarter that ended in Sep. 2022 was $18.07. Hence, Hoegh LNG Partners LP's PB Ratio of today is 0.51.

The historical rank and industry rank for Hoegh LNG Partners LP's PB Ratio or its related term are showing as below:

HMLP' s PB Ratio Range Over the Past 10 Years
Min: 0.25 Med: 1.21 Max: 2.76
Current: 0.53

During the past 10 years, Hoegh LNG Partners LP's highest PB Ratio was 2.76. The lowest was 0.25. And the median was 1.21.

HMLP's PB Ratio is not ranked
in the Oil & Gas industry.
Industry Median: 1.24 vs HMLP: 0.53

During the past 12 months, Hoegh LNG Partners LP's average Book Value Per Share Growth Rate was 16.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.40% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Hoegh LNG Partners LP was 18.20% per year. The lowest was 0.50% per year. And the median was 10.80% per year.

Back to Basics: PB Ratio

Hoegh LNG Partners LP PB Ratio Historical Data

The historical data trend for Hoegh LNG Partners LP'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.

Hoegh LNG Partners LP PB Ratio Chart

Hoegh LNG Partners LP Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

PB Ratio

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1.29

0.98

1.04

0.97

0.27

Hoegh LNG Partners LP Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
PB Ratio	Get a 7-Day Free Trial															0.32	0.27	0.44	0.52	-

Competitive Comparison of Hoegh LNG Partners LP's PB Ratio

For the Oil & Gas Midstream subindustry, Hoegh LNG Partners LP'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.

Hoegh LNG Partners LP's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hoegh LNG Partners LP's PB Ratio distribution charts can be found below:

* The bar in red indicates where Hoegh LNG Partners LP's PB Ratio falls into.

Hoegh LNG Partners LP 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.

Hoegh LNG Partners LP's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2022)
	=	9.24	/	18.066
	=	0.51

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.

Hoegh LNG Partners LP (NYSE:HMLP) 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.

Hoegh LNG Partners LP PB Ratio Related Terms

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Hoegh LNG Partners LP (Hoegh LNG Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hoegh LNG Partners LP (NYSE:HMLP) » Definitions » PB Ratio

Comparable Companies

GPP GLOP TNP TK NGL BKEP OSG SMLP MMLP DLNG TSX:ENB EPD TSX:TRP WMB KMI ET LNG MPLX OKE CQP

Traded in Other Exchanges

HMLPF.PFD:USA

Address

22 Victoria Street, Canon's Court, Hamilton, BMU, HM 12

Website

https://www.hoeghlngpartners.com

Hoegh LNG Partners LP own and operate floating storage and regasification units (FSRUs), under long-term charters. The company's primary business objective is making accretive acquisitions of FSRUs, LNG carriers and other LNG infrastructure assets with long-term charters. It has two segments, which are the Majority held FSRUs and the Joint venture FSRUs. The Majority held FSRUs segment is a key revenue driver which includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease-related to the Hoegh Gallant. The Joint venture FSRUs segment includes approximately two FSRUs, including the GDF Suez LNG Supply S.A. (GDF Suez) Neptune and the GDF Suez Cape Ann, which operate under long-term time charters.