Golden Ocean Group (OSL:GOGL) PB Ratio : 1.54 (As of May. 02, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Golden Ocean Group 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 (2024-05-02), Golden Ocean Group's share price is kr156.85. Golden Ocean Group's Book Value per Share for the quarter that ended in Dec. 2023 was kr101.56. Hence, Golden Ocean Group's PB Ratio of today is 1.54.

The historical rank and industry rank for Golden Ocean Group's PB Ratio or its related term are showing as below:

OSL:GOGL' s PB Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.7 Max: 1.87
Current: 1.54

During the past 13 years, Golden Ocean Group's highest PB Ratio was 1.87. The lowest was 0.09. And the median was 0.70.

OSL:GOGL's PB Ratio is ranked worse than
57.27% of 929 companies
in the Transportation industry
Industry Median: 1.32 vs OSL:GOGL: 1.54

During the past 12 months, Golden Ocean Group's average Book Value Per Share Growth Rate was 7.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -12.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Golden Ocean Group was 8.20% per year. The lowest was -37.70% per year. And the median was -3.40% per year.

Back to Basics: PB Ratio

Golden Ocean Group PB Ratio Historical Data

The historical data trend for Golden Ocean Group'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.

Golden Ocean Group PB Ratio Chart

Golden Ocean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

Get a 7-Day Free Trial

0.53

0.48

0.92

0.91

0.97

Golden Ocean Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.91	1.00	0.80	0.83	0.97

Competitive Comparison of Golden Ocean Group's PB Ratio

For the Marine Shipping subindustry, Golden Ocean Group'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.

Golden Ocean Group's PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Ocean Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Golden Ocean Group's PB Ratio falls into.

Golden Ocean Group 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.

Golden Ocean Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	156.85	/	101.563
	=	1.54

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.

Golden Ocean Group (OSL:GOGL) 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.

Golden Ocean Group PB Ratio Related Terms

Thank you for viewing the detailed overview of Golden Ocean Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Ocean Group (OSL:GOGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Ocean Group Ltd (OSL:GOGL) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

GOGL:USA GOGLo:Sweden GOGLo:UK 0RII:UK KT31:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.goldenocean.bm

Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.