South BowSOBO -0.37%15 PB Ratio is 2.86 as of Jun. 26, 2026, which is 36% above its 10-year median of 2.10. GuruFocus rates SOBO with a GF Score™ of 15/100. The stock has 12 warning signs investors should review. Among 923 Oil & Gas companies, South Bow ranks worse than 79.09% on this metric.
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. As of today (2026-06-26), South Bow's share price is $36.435. South Bow's Book Value per Share for the quarter that ended in Mar. 2026 was $12.76. Hence, South Bow's PB Ratio of today is 2.86.
Warning Sign:
South Bow Corp stock PB Ratio (=2.97) is close to 2-year high of 3.05.
The historical rank and industry rank for South Bow's PB Ratio or its related term are showing as below:
SOBO'
s PB Ratio Range Over the Past 10 Years
Min: 1.66 Med: 2.1 Max: 3.05
Current: 2.95
During the past 3 years, South Bow's highest PB Ratio was 3.05. The lowest was 1.66. And the median was 2.10.
SOBO's PB Ratio is ranked worse than 79.09% of 923
companies
in the Oil & Gas industry
Industry Median: 1.39
vs SOBO: 2.95
During the past 12 months, South Bow's average Book Value Per Share Growth Rate was -2.40% 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.
South Bow PB Ratio Related Terms
South Bow PB Ratio Historical Data
* Premium members only.
The historical data trend for South Bow'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 Midstream subindustry, South Bow'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.
South Bow PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, South Bow's PB Ratio distribution charts can be found below:
* The bar in red indicates where South Bow'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.
South Bow's PB Ratio for today is calculated as follows:
* 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.
South Bow (SOBO) has a PB Ratio of 2.86 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 South Bow and its competitors. This is 36% above median its historical median of 2.10. Over the past decade, South Bow's PB Ratio has ranged from 1.66 to 3.05. According to the industry distribution chart, South Bow ranks #730 out of 923 companies in the Oil & Gas industry, placing it in the top 79.1%.
Is South Bow's PB Ratio too high?
South Bow's current PB Ratio of 2.86 is 36% above median its 10-year median of 2.10. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 3.05. The Oil & Gas industry median PB Ratio is 1.39. South Bow's value of 2.86 is 105.8% above this industry median. Based on the distribution chart, South Bow ranks #730 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, South Bow has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does South Bow's PB Ratio compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, South Bow ranks #730 out of 923 companies for PB Ratio. This places South Bow in the lower half of its industry. The industry median PB Ratio is 1.39. South Bow's value of 2.86 is 105.8% above this benchmark. Historically, South Bow's own PB Ratio has ranged from 1.66 to 3.05 over the past decade. While the company's 10-year median is 2.10 vs. the industry median of 1.39, South Bow 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 1.39, 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. South Bow's current PB Ratio of 2.86 is 105.8% 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 South Bow 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. South Bow's current PB Ratio is 2.86, which is 36% above median its own 10-year median of 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Bow stock overvalued right now?
South Bow (SOBO) has a current PB Ratio of 2.86. The current PB Ratio is 2.86, which is 36% above median its 10-year median of 2.10 and 105.8% above the Oil & Gas industry median of 1.39. South Bow's overall GF Score™ is 15/100 with 12 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 South Bow (SOBO), the current PB Ratio is 2.86 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.
South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts. It has three reportable segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. It derives maximum revenue from Keystone Pipeline System segment. The company's projects and pipelines include: Blackrod connection project; Grand Rapids Pipeline System; Marketlink Pipeline System; Keystone Pipeline System; Port Neches Link; and White Spruce Pipeline System.
15GF Score
Get the complete analysis for SOBO
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SOBO has been successfully added to your 
