NOA'
s PB Ratio Range Over the Past 10 Years
Min: 0.57 Med: 1.63 Max: 2.82
Current: 1.13
During the past 13 years, North American Construction Group's highest PB Ratio was 2.82. The lowest was 0.57. And the median was 1.63.
NOA's PB Ratio is ranked better than 61% of 923
companies
in the Oil & Gas industry
Industry Median: 1.39
vs NOA: 1.13
During the past 12 months, North American Construction Group's average Book Value Per Share Growth Rate was 11.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of North American Construction Group was 101.00% per year. The lowest was -19.80% per year. And the median was 14.20% per year.
Back to Basics: PB Ratio
North American Construction Group (NYSE:NOA) 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.
North American Construction Group PB Ratio Related Terms
North American Construction Group PB Ratio Historical Data
* 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, North American Construction Group'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.
North American Construction Group PB Ratio vs Oil & Gas Industry
North American Construction Group PB Ratio Calculation
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.
North American Construction Group (NOA) has a PB Ratio of 1.09 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on North American Construction Group and its competitors. This is 33% below median its historical median of 1.63. Over the past decade, North American Construction Group's PB Ratio has ranged from 0.57 to 2.82. According to the industry distribution chart, North American Construction Group ranks #360 out of 923 companies in the Oil & Gas industry, placing it in the top 39%.
Is North American Construction Group's PB Ratio too high?
North American Construction Group's current PB Ratio of 1.09 is 33% below median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 2.82. The Oil & Gas industry median PB Ratio is 1.39. North American Construction Group's value of 1.09 is 21.6% below this industry median. Based on the distribution chart, North American Construction Group ranks #360 out of 923 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, North American Construction Group has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does North American Construction Group's PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, North American Construction Group ranks #360 out of 923 companies for PB Ratio. This puts North American Construction Group in the upper half of its industry. The industry median PB Ratio is 1.39. North American Construction Group's value of 1.09 is 21.6% below this benchmark. Historically, North American Construction Group's own PB Ratio has ranged from 0.57 to 2.82 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 1.39, North American Construction Group 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 1.39, 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. North American Construction Group's current PB Ratio of 1.09 is 21.6% 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 North American Construction Group 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. North American Construction Group's current PB Ratio is 1.09, which is 33% below median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North American Construction Group stock overvalued right now?
Based on GuruFocus' analysis, North American Construction Group (NOA) is currently considered Possible Value Trap. The stock's GF Value™ is $24.29, compared to a current price of $13.75 — trading 43.4% below its estimated fair value. The current PB Ratio is 1.09, which is 33% below median its 10-year median of 1.63 and 21.6% below the Oil & Gas industry median of 1.39. North American Construction Group's overall GF Score™ is 86/100 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 North American Construction Group (NOA), the current PB Ratio is 1.09 as of Jun. 26, 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 North American Construction Group (NOA) Overvalued in 2026?
Based on GuruFocus' analysis, North American Construction Group stock appears to be undervalued.
The current stock price of $13.75 is trading 43.4% below its estimated GF Value™ of $24.29.
GuruFocus considers North American Construction Group to be Possible Value Trap.
Key valuation signals for NOA:
PB Ratio: 1.09 (33% below median its 10-year median of 1.63)
GF Value™: $24.29 vs. price of $13.75 (43.4% below fair value)
Industry Position: 21.6% below the Oil & Gas median (#360 of 923)
No single metric tells the full story. See the NOA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North American Construction Group Business Description
North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies. The Company provides a wide range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. The Company's reportable segments are Heavy Equipment Canada, Heavy Equipment Australia, and Other. Heavy Equipment Canada and Heavy Equipment Australia include all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes mine management contract work in the United States, its external maintenance and rebuild programs.
86GF Score
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