APAHAM:2S3 57 PB Ratio is 1.82 as of Jun. 27, 2026, which is 19% below its 10-year median of 2.25. GuruFocus rates HAM:2S3 with a GF Score™ of 57/100 and a GF Value™ of €22.67 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 923 Oil & Gas companies, APA ranks worse than 61.97% on this metric.
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 (2026-06-27), APA's share price is €28.68. APA's Book Value per Share for the quarter that ended in Mar. 2026 was €15.80. Hence, APA's PB Ratio of today is 1.82.
The historical rank and industry rank for APA's PB Ratio or its related term are showing as below:
HAM:2S3'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 2.25 Max: 33.67
Current: 1.81
During the past 13 years, APA's highest PB Ratio was 33.67. The lowest was 0.56. And the median was 2.25.
HAM:2S3's PB Ratio is ranked worse than 61.97% of 923
companies
in the Oil & Gas industry
Industry Median: 1.39
vs HAM:2S3: 1.81
During the past 12 months, APA's average Book Value Per Share Growth Rate was 21.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 133.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of APA was 133.40% per year. The lowest was -46.10% per year. And the median was 12.90% per year.
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.
APA PB Ratio Related Terms
APA PB Ratio Historical Data
* Premium members only.
The historical data trend for APA'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.
For the Oil & Gas E&P subindustry, APA'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.
APA PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, APA's PB Ratio distribution charts can be found below:
* The bar in red indicates where APA'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.
APA'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.
APA (HAM:2S3) has a PB Ratio of 1.82 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on APA and its competitors. This is 19% below median its historical median of 2.25. Over the past decade, APA's PB Ratio has ranged from 0.56 to 33.67. According to the industry distribution chart, APA ranks #572 out of 923 companies in the Oil & Gas industry, placing it in the top 62%.
Is APA's PB Ratio too high?
APA's current PB Ratio of 1.82 is 19% below median its 10-year median of 2.25. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 33.67. The Oil & Gas industry median PB Ratio is 1.39. APA's value of 1.82 is 30.9% above this industry median. Based on the distribution chart, APA ranks #572 out of 923 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, APA has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APA's PB Ratio compare to AR and OVV?
According to the Oil & Gas industry distribution chart, APA ranks #572 out of 923 companies for PB Ratio. This places APA in the lower half of its industry. The industry median PB Ratio is 1.39. APA's value of 1.82 is 30.9% above this benchmark. Historically, APA's own PB Ratio has ranged from 0.56 to 33.67 over the past decade. While the company's 10-year median is 2.25 vs. the industry median of 1.39, APA has consistently been above 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 Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.39, based on 923 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. APA's current PB Ratio of 1.82 is 30.9% above 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 APA and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APA's current PB Ratio is 1.82, which is 19% below median its own 10-year median of 2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APA stock overvalued right now?
Based on GuruFocus' analysis, APA (HAM:2S3) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.67, compared to a current price of €28.68 — trading 26.5% above its estimated fair value. The current PB Ratio is 1.82, which is 19% below median its 10-year median of 2.25 and 30.9% above the Oil & Gas industry median of 1.39. APA's overall GF Score™ is 57/100 with 3 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 APA (HAM:2S3), the current PB Ratio is 1.82 as of Jun. 27, 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 APA (HAM:2S3) Overvalued in 2026?
Based on GuruFocus' analysis, APA stock appears to be overvalued.
The current stock price of €28.68 is trading 26.5% above its estimated GF Value™ of €22.67.
GuruFocus considers APA to be Modestly Overvalued.
Key valuation signals for HAM:2S3:
PB Ratio: 1.82 (19% below median its 10-year median of 2.25)
GF Value™: €22.67 vs. price of €28.68 (26.5% above fair value)
Industry Position: 30.9% above the Oil & Gas median (#572 of 923)
No single metric tells the full story. See the HAM:2S3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APA Corp is an independent exploration and production company. It develops and produces crude oil, natural gas, and natural gas liquids. The company's business has oil and gas operations in four segments: Egypt, the North Sea, Suriname, and the U.S. The company generates the majority of its revenue from the U.S. reporting segment. The company also has exploration interests in Uruguay, Alaska, and other international locations.
57GF Score
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