Mermaid Maritime PCLMMMPF +2.56%48 PB Ratio is 0.65 as of Jul. 12, 2026, which is 35% above its 10-year median of 0.48. GuruFocus rates MMMPF with a GF Score™ of 48/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 924 Oil & Gas companies, Mermaid Maritime PCL ranks better than 80.95% on this metric.
Mermaid Maritime PCL stock PB Ratio (=0.67) is close to 1-year low of 0.61.
The historical rank and industry rank for Mermaid Maritime PCL's PB Ratio or its related term are showing as below:
MMMPF'
s PB Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.48 Max: 1.36
Current: 0.67
During the past 13 years, Mermaid Maritime PCL's highest PB Ratio was 1.36. The lowest was 0.18. And the median was 0.48.
MMMPF's PB Ratio is ranked better than 80.95% of 924
companies
in the Oil & Gas industry
Industry Median: 1.41
vs MMMPF: 0.67
During the past 12 months, Mermaid Maritime PCL's average Book Value Per Share Growth Rate was -6.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -8.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mermaid Maritime PCL was 50.70% per year. The lowest was -20.30% per year. And the median was -6.30% per year.
Back to Basics: PB Ratio
Mermaid Maritime PCL (OTCPK:MMMPF) 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.
Mermaid Maritime PCL PB Ratio Related Terms
Mermaid Maritime PCL PB Ratio Historical Data
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The historical data trend for Mermaid Maritime PCL'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 Equipment & Services subindustry, Mermaid Maritime PCL'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.
Mermaid Maritime PCL PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL'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.
Mermaid Maritime PCL (MMMPF) has a PB Ratio of 0.65 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mermaid Maritime PCL and its competitors. This is 35% above median its historical median of 0.48. Over the past decade, Mermaid Maritime PCL's PB Ratio has ranged from 0.18 to 1.36. According to the industry distribution chart, Mermaid Maritime PCL ranks #176 out of 924 companies in the Oil & Gas industry, placing it in the top 19%.
Is Mermaid Maritime PCL's PB Ratio too high?
Mermaid Maritime PCL's current PB Ratio of 0.65 is 35% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.36. The Oil & Gas industry median PB Ratio is 1.41. Mermaid Maritime PCL's value of 0.65 is 53.9% below this industry median. Based on the distribution chart, Mermaid Maritime PCL ranks #176 out of 924 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Mermaid Maritime PCL has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #176 out of 924 companies for PB Ratio. This places Mermaid Maritime PCL in the top 19% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.41. Mermaid Maritime PCL's value of 0.65 is 53.9% below this benchmark. Historically, Mermaid Maritime PCL's own PB Ratio has ranged from 0.18 to 1.36 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 1.41, Mermaid Maritime PCL 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 1.41, based on 924 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. Mermaid Maritime PCL's current PB Ratio of 0.65 is 53.9% 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 Mermaid Maritime PCL and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current PB Ratio is 0.65, which is 35% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (MMMPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.08 — trading 33.3% above its estimated fair value. The current PB Ratio is 0.65, which is 35% above median its 10-year median of 0.48 and 53.9% below the Oil & Gas industry median of 1.41. Mermaid Maritime PCL's overall GF Score™ is 48/100 with 7 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 Mermaid Maritime PCL (MMMPF), the current PB Ratio is 0.65 as of Jul. 12, 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 Mermaid Maritime PCL (MMMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued.
The current stock price of $0.08 is trading 33.3% above its estimated GF Value™ of $0.06.
GuruFocus considers Mermaid Maritime PCL to be Significantly Overvalued.
Key valuation signals for MMMPF:
PB Ratio: 0.65 (35% above median its 10-year median of 0.48)
GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
Industry Position: 53.9% below the Oil & Gas median (#176 of 924)
No single metric tells the full story. See the MMMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.
48GF Score
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