Core Natural ResourcesCNR +2.07%81 PB Ratio is 1.14 as of Jun. 25, 2026, which is 31% below its 10-year median of 1.65. GuruFocus rates CNR with a GF Score™ of 81/100 and a GF Value™ of $95.55 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 176 Other Energy Sources companies, Core Natural Resources ranks better than 55.68% on this metric.
The historical rank and industry rank for Core Natural Resources's PB Ratio or its related term are showing as below:
CNR'
s PB Ratio Range Over the Past 10 Years
Min: 0.23 Med: 1.65 Max: 4.8
Current: 1.14
During the past 12 years, Core Natural Resources's highest PB Ratio was 4.80. The lowest was 0.23. And the median was 1.65.
CNR's PB Ratio is ranked better than 55.68% of 176
companies
in the Other Energy Sources industry
Industry Median: 1.375
vs CNR: 1.14
During the past 12 months, Core Natural Resources's average Book Value Per Share Growth Rate was -2.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 29.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 36.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.10% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Core Natural Resources was 40.30% per year. The lowest was -22.70% per year. And the median was 27.55% per year.
Back to Basics: PB Ratio
Core Natural Resources (NYSE:CNR) PB Ratio Explanation
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.
* 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 Thermal Coal subindustry, Core Natural Resources'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.
Core Natural Resources PB Ratio vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Core Natural Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Core Natural Resources'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.
* 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.
Core Natural Resources (CNR) has a PB Ratio of 1.14 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Core Natural Resources and its competitors. This is 31% below median its historical median of 1.65. Over the past decade, Core Natural Resources' PB Ratio has ranged from 0.23 to 4.80. According to the industry distribution chart, Core Natural Resources ranks #78 out of 176 companies in the Other Energy Sources industry, placing it in the top 44.3%.
Is Core Natural Resources' PB Ratio too high?
Core Natural Resources' current PB Ratio of 1.14 is 31% below median its 10-year median of 1.65. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 4.80. The Other Energy Sources industry median PB Ratio is 1.38. Core Natural Resources' value of 1.14 is 17.1% below this industry median. Based on the distribution chart, Core Natural Resources ranks #78 out of 176 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Core Natural Resources has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Core Natural Resources' PB Ratio compare to BTU and ARLP?
According to the Other Energy Sources industry distribution chart, Core Natural Resources ranks #78 out of 176 companies for PB Ratio. This puts Core Natural Resources in the upper half of its industry. The industry median PB Ratio is 1.38. Core Natural Resources' value of 1.14 is 17.1% below this benchmark. Historically, Core Natural Resources' own PB Ratio has ranged from 0.23 to 4.80 over the past decade. While the company's 10-year median is 1.65 vs. the industry median of 1.38, Core Natural Resources 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 Other Energy Sources company?
The median PB Ratio among Other Energy Sources companies is 1.38, based on 176 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. Core Natural Resources's current PB Ratio of 1.14 is 17.1% 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 Core Natural Resources and its competitors. For the Other Energy Sources industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Core Natural Resources's current PB Ratio is 1.14, which is 31% below median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Core Natural Resources stock overvalued right now?
Based on GuruFocus' analysis, Core Natural Resources (CNR) is currently considered Modestly Undervalued. The stock's GF Value™ is $95.55, compared to a current price of $82.51 — trading 13.7% below its estimated fair value. The current PB Ratio is 1.14, which is 31% below median its 10-year median of 1.65 and 17.1% below the Other Energy Sources industry median of 1.38. Core Natural Resources' overall GF Score™ is 81/100 with 4 warning signs to review. 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 Core Natural Resources (CNR), the current PB Ratio is 1.14 as of Jun. 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.
Is Core Natural Resources (CNR) Overvalued in 2026?
Based on GuruFocus' analysis, Core Natural Resources stock appears to be undervalued.
The current stock price of $82.51 is trading 13.7% below its estimated GF Value™ of $95.55.
GuruFocus considers Core Natural Resources to be Modestly Undervalued.
Key valuation signals for CNR:
PB Ratio: 1.14 (31% below median its 10-year median of 1.65)
GF Value™: $95.55 vs. price of $82.51 (13.7% below fair value)
Industry Position: 17.1% below the Other Energy Sources median (#78 of 176)
No single metric tells the full story. See the CNR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Core Natural Resources Inc is a producer and exporter of metallurgical and thermal coal. The company owns and operates longwall mining operations in the nation and export terminals on the Eastern seaboard. The activities of the company involves mining of thermal coal, power generation, and other related activities.
81GF Score
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