SHSE:600968's PB Ratio is ranked better than 60.32% of 925
companies
in the Oil & Gas industry
Industry Median: 1.43
vs SHSE:600968: 1.17
During the past 12 months, CNOOC Energy Technology & Services's average Book Value Per Share Growth Rate was 8.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of CNOOC Energy Technology & Services was 10.20% per year. The lowest was -19.50% per year. And the median was 6.75% per year.
Back to Basics: PB Ratio
CNOOC Energy Technology & Services (SHSE:600968) 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.
CNOOC Energy Technology & Services PB Ratio Related Terms
CNOOC Energy Technology & Services 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, CNOOC Energy Technology & Services'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.
CNOOC Energy Technology & Services PB Ratio vs Oil & Gas Industry
CNOOC Energy Technology & Services 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.
CNOOC Energy Technology & Services (SHSE:600968) has a PB Ratio of 1.17 as of Jul. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on CNOOC Energy Technology & Services and its competitors. This is 17% below median its historical median of 1.41. Over the past decade, CNOOC Energy Technology & Services' PB Ratio has ranged from 1.13 to 2.39. According to the industry distribution chart, CNOOC Energy Technology & Services ranks #367 out of 925 companies in the Oil & Gas industry, placing it in the top 39.7%.
Is CNOOC Energy Technology & Services' PB Ratio too high?
CNOOC Energy Technology & Services' current PB Ratio of 1.17 is 17% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 2.39. The Oil & Gas industry median PB Ratio is 1.43. CNOOC Energy Technology & Services' value of 1.17 is 18.2% below this industry median. Based on the distribution chart, CNOOC Energy Technology & Services ranks #367 out of 925 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNOOC Energy Technology & Services has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' PB Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CNOOC Energy Technology & Services ranks #367 out of 925 companies for PB Ratio. This puts CNOOC Energy Technology & Services in the upper half of its industry. The industry median PB Ratio is 1.43. CNOOC Energy Technology & Services' value of 1.17 is 18.2% below this benchmark. Historically, CNOOC Energy Technology & Services' own PB Ratio has ranged from 1.13 to 2.39 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.43, CNOOC Energy Technology & Services 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 1.43, based on 925 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. CNOOC Energy Technology & Services's current PB Ratio of 1.17 is 18.2% 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 CNOOC Energy Technology & Services and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC Energy Technology & Services's current PB Ratio is 1.17, which is 17% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC Energy Technology & Services stock overvalued right now?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥3.91, compared to a current price of ¥3.48 — trading 11% below its estimated fair value. The current PB Ratio is 1.17, which is 17% below median its 10-year median of 1.41 and 18.2% below the Oil & Gas industry median of 1.43. CNOOC Energy Technology & Services' overall GF Score™ is 89/100 with 2 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 CNOOC Energy Technology & Services (SHSE:600968), the current PB Ratio is 1.17 as of Jul. 09, 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 CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be undervalued.
The current stock price of ¥3.48 is trading 11% below its estimated GF Value™ of ¥3.91.
GuruFocus considers CNOOC Energy Technology & Services to be Modestly Undervalued.
Key valuation signals for SHSE:600968:
PB Ratio: 1.17 (17% below median its 10-year median of 1.41)
GF Value™: ¥3.91 vs. price of ¥3.48 (11% below fair value)
Industry Position: 18.2% below the Oil & Gas median (#367 of 925)
No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC Energy Technology & Services Business Description
CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.
89GF Score
Get the complete analysis for SHSE:600968
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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