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Innovex InternationalINVX -1.46%21 PB Ratio is 1.84 as of Aug. 27, 2026, which is 43% above its 10-year median of 1.29. GuruFocus rates INVX with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 934 Oil & Gas companies, Innovex International ranks worse than 61.03% on this metric.
Innovex International Inc stock PB Ratio (=1.87) is close to 2-year high of 2.03.
The historical rank and industry rank for Innovex International's PB Ratio or its related term are showing as below:
INVX'
s PB Ratio Range Over the Past 10 Years
Min: 0.93 Med: 1.29 Max: 2.03
Current: 1.84
During the past 5 years, Innovex International's highest PB Ratio was 2.03. The lowest was 0.93. And the median was 1.29.
INVX's PB Ratio is ranked worse than 61.03% of 934
companies
in the Oil & Gas industry
Industry Median: 1.49
vs INVX: 1.84
During the past 12 months, Innovex International's average Book Value Per Share Growth Rate was 6.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 59.50% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Innovex International was 72.30% per year. The lowest was 59.50% per year. And the median was 65.90% 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.
* 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 Equipment & Services subindustry, Innovex International'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.
Innovex International PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Innovex International's PB Ratio distribution charts can be found below:
* The bar in red indicates where Innovex International'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.
Innovex International (INVX) has a PB Ratio of 1.84 as of Aug. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Innovex International and its competitors. This is 43% above median its historical median of 1.29. Over the past decade, Innovex International's PB Ratio has ranged from 0.93 to 2.03. According to the industry distribution chart, Innovex International ranks #570 out of 934 companies in the Oil & Gas industry, placing it in the top 61%.
Is Innovex International's PB Ratio too high?
Innovex International's current PB Ratio of 1.84 is 43% above median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 2.03. The Oil & Gas industry median PB Ratio is 1.49. Innovex International's value of 1.84 is 23.5% above this industry median. Based on the distribution chart, Innovex International ranks #570 out of 934 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Innovex International has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Innovex International's PB Ratio compare to NEXT and XPRO?
According to the Oil & Gas industry distribution chart, Innovex International ranks #570 out of 934 companies for PB Ratio. This places Innovex International in the lower half of its industry. The industry median PB Ratio is 1.49. Innovex International's value of 1.84 is 23.5% above this benchmark. Historically, Innovex International's own PB Ratio has ranged from 0.93 to 2.03 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 1.49, Innovex International 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 1.49, based on 934 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. Innovex International's current PB Ratio of 1.84 is 23.5% 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 Innovex International and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovex International's current PB Ratio is 1.84, which is 43% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovex International stock overvalued right now?
Innovex International (INVX) has a current PB Ratio of 1.84. The current PB Ratio is 1.84, which is 43% above median its 10-year median of 1.29 and 23.5% above the Oil & Gas industry median of 1.49. Innovex International's overall GF Score™ is 21/100 with 5 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 Innovex International (INVX), the current PB Ratio is 1.84 as of Aug. 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.
Innovex International Inc designs, manufactures, sells, and rents mission-critical engineered products to the oil and natural gas industry. Its products are Subsea, Surface Wellheads, Well Construction, Well Completion, Production Solutions, Fishing & Intervention. Its products support upstream onshore and offshore activities. The group's geographic regions are North America, Latin America, Middle East & Asia Pacific, and Europe & Africa.
21GF Score
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