New Zealand EnergyNZERF -6.47%29 PB Ratio is 2.67 as of Jul. 02, 2026, which is 105% above its 10-year median of 1.30. GuruFocus rates NZERF with a GF Score™ of 29/100 and a GF Value™ of $0.05 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 923 Oil & Gas companies, New Zealand Energy ranks worse than 79.63% on this metric.
The historical rank and industry rank for New Zealand Energy's PB Ratio or its related term are showing as below:
NZERF'
s PB Ratio Range Over the Past 10 Years
Min: 0.31 Med: 1.3 Max: 4.48
Current: 2.83
During the past 13 years, New Zealand Energy's highest PB Ratio was 4.48. The lowest was 0.31. And the median was 1.30.
NZERF's PB Ratio is ranked worse than 79.63% of 923
companies
in the Oil & Gas industry
Industry Median: 1.38
vs NZERF: 2.83
During the past 12 months, New Zealand Energy's average Book Value Per Share Growth Rate was -59.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -33.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -29.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -29.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of New Zealand Energy was 116.00% per year. The lowest was -57.50% per year. And the median was -29.45% per year.
Back to Basics: PB Ratio
New Zealand Energy (OTCPK:NZERF) 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.
New Zealand Energy PB Ratio Related Terms
New Zealand Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for New Zealand 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, New Zealand 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.
New Zealand Energy PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, New Zealand Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where New Zealand 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.
* 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.
New Zealand Energy (NZERF) has a PB Ratio of 2.67 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on New Zealand Energy and its competitors. This is 105% above median its historical median of 1.30. Over the past decade, New Zealand Energy's PB Ratio has ranged from 0.31 to 4.48. According to the industry distribution chart, New Zealand Energy ranks #735 out of 923 companies in the Oil & Gas industry, placing it in the top 79.6%.
Is New Zealand Energy's PB Ratio too high?
New Zealand Energy's current PB Ratio of 2.67 is 105% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 4.48. The Oil & Gas industry median PB Ratio is 1.38. New Zealand Energy's value of 2.67 is 93.5% above this industry median. Based on the distribution chart, New Zealand Energy ranks #735 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, New Zealand Energy has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Zealand Energy's PB Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, New Zealand Energy ranks #735 out of 923 companies for PB Ratio. This places New Zealand Energy in the lower half of its industry. The industry median PB Ratio is 1.38. New Zealand Energy's value of 2.67 is 93.5% above this benchmark. Historically, New Zealand Energy's own PB Ratio has ranged from 0.31 to 4.48 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.38, New Zealand Energy 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 1.38, 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. New Zealand Energy's current PB Ratio of 2.67 is 93.5% 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 New Zealand 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. New Zealand Energy's current PB Ratio is 2.67, which is 105% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Zealand Energy stock overvalued right now?
Based on GuruFocus' analysis, New Zealand Energy (NZERF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.05, compared to a current price of $0.28 — trading 461.2% above its estimated fair value. The current PB Ratio is 2.67, which is 105% above median its 10-year median of 1.30 and 93.5% above the Oil & Gas industry median of 1.38. New Zealand Energy's overall GF Score™ is 29/100 with 4 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 New Zealand Energy (NZERF), the current PB Ratio is 2.67 as of Jul. 02, 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 New Zealand Energy (NZERF) Overvalued in 2026?
Based on GuruFocus' analysis, New Zealand Energy stock appears to be overvalued.
The current stock price of $0.28 is trading 461.2% above its estimated GF Value™ of $0.05.
GuruFocus considers New Zealand Energy to be Significantly Overvalued.
Key valuation signals for NZERF:
PB Ratio: 2.67 (105% above median its 10-year median of 1.30)
GF Value™: $0.05 vs. price of $0.28 (461.2% above fair value)
Industry Position: 93.5% above the Oil & Gas median (#735 of 923)
No single metric tells the full story. See the NZERF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Zealand Energy Corp is engaged in the exploration and production of oil and natural gas, as well as the operation of midstream assets. The company conducts its business as a single operating segment being the acquisition, exploration, development, and production of conventional oil and natural gas resources. Geographically, it operates through the region of New Zealand. It generates a majority of its revenues from Oil sales.
29GF Score
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