Harbour EnergyHBRIY -0.81%79 PB Ratio is 0.69 as of Jun. 29, 2026, which is 70% below its 10-year median of 2.32. GuruFocus rates HBRIY with a GF Score™ of 79/100 and a GF Value™ of $4.28 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 926 Oil & Gas companies, Harbour Energy ranks better than 81.1% 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 (2026-06-29), Harbour Energy's share price is $3.0552. Harbour Energy's Book Value per Share for the quarter that ended in Dec. 2025 was $4.44. Hence, Harbour Energy's PB Ratio of today is 0.69.
The historical rank and industry rank for Harbour Energy's PB Ratio or its related term are showing as below:
HBRIY'
s PB Ratio Range Over the Past 10 Years
Min: 0.44 Med: 2.32 Max: 13.49
Current: 0.66
During the past 6 years, Harbour Energy's highest PB Ratio was 13.49. The lowest was 0.44. And the median was 2.32.
HBRIY's PB Ratio is ranked better than 81.1% of 926
companies
in the Oil & Gas industry
Industry Median: 1.38
vs HBRIY: 0.66
During the past 12 months, Harbour Energy's average Book Value Per Share Growth Rate was -4.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 49.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 48.40% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Harbour Energy was 107.80% per year. The lowest was 23.20% per year. And the median was 49.30% 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.
Harbour Energy PB Ratio Related Terms
Harbour Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for Harbour Energy'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, Harbour Energy'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.
Harbour Energy PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Harbour Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Harbour Energy'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.
Harbour Energy'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.
Harbour Energy (HBRIY) has a PB Ratio of 0.69 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harbour Energy and its competitors. This is 70% below median its historical median of 2.32. Over the past decade, Harbour Energy's PB Ratio has ranged from 0.44 to 13.49. According to the industry distribution chart, Harbour Energy ranks #175 out of 926 companies in the Oil & Gas industry, placing it in the top 18.9%.
Is Harbour Energy's PB Ratio too high?
Harbour Energy's current PB Ratio of 0.69 is 70% below median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 13.49. The Oil & Gas industry median PB Ratio is 1.38. Harbour Energy's value of 0.69 is 50% below this industry median. Based on the distribution chart, Harbour Energy ranks #175 out of 926 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Harbour Energy has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harbour Energy's PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Harbour Energy ranks #175 out of 926 companies for PB Ratio. This places Harbour Energy in the top 19% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.38. Harbour Energy's value of 0.69 is 50% below this benchmark. Historically, Harbour Energy's own PB Ratio has ranged from 0.44 to 13.49 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 1.38, Harbour Energy 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 Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.38, based on 926 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. Harbour Energy's current PB Ratio of 0.69 is 50% 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 Harbour Energy and its competitors. For the Oil & Gas 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. Harbour Energy's current PB Ratio is 0.69, which is 70% below median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbour Energy stock overvalued right now?
Based on GuruFocus' analysis, Harbour Energy (HBRIY) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.28, compared to a current price of $3.06 — trading 28.6% below its estimated fair value. The current PB Ratio is 0.69, which is 70% below median its 10-year median of 2.32 and 50% below the Oil & Gas industry median of 1.38. Harbour Energy's overall GF Score™ is 79/100 with 6 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 Harbour Energy (HBRIY), the current PB Ratio is 0.69 as of Jun. 29, 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 Harbour Energy (HBRIY) Overvalued in 2026?
Based on GuruFocus' analysis, Harbour Energy stock appears to be undervalued.
The current stock price of $3.06 is trading 28.6% below its estimated GF Value™ of $4.28.
GuruFocus considers Harbour Energy to be Modestly Undervalued.
Key valuation signals for HBRIY:
PB Ratio: 0.69 (70% below median its 10-year median of 2.32)
GF Value™: $4.28 vs. price of $3.06 (28.6% below fair value)
Industry Position: 50% below the Oil & Gas median (#175 of 926)
No single metric tells the full story. See the HBRIY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbour Energy PLC is an independent upstream oil and gas company engaged in the acquisition, exploration, development, and production of oil and natural gas reserves. The operating segments are divided geographically and managed across nine business units: namely Norway, UK, Germany, Mexico, Argentina, North Africa, Southeast Asia, CCS and Corporate. The CCS segment includes Denmark. The majority of the company's revenue is derived from the sale of crude oil in Norway.
79GF Score
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