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Spindletop Oil & Gas CoSPND 57 PB Ratio is 2.37 as of Sep. 11, 2026, which is 94% above its 10-year median of 1.22. GuruFocus rates SPND with a GF Score™ of 57/100 and a GF Value™ of $3.38 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 931 Oil & Gas companies, Spindletop Oil & Gas Co ranks worse than 70.14% on this metric.
The historical rank and industry rank for Spindletop Oil & Gas Co's PB Ratio or its related term are showing as below:
SPND'
s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 1.22 Max: 4.51
Current: 2.37
During the past 13 years, Spindletop Oil & Gas Co's highest PB Ratio was 4.51. The lowest was 0.43. And the median was 1.22.
SPND's PB Ratio is ranked worse than 70.14% of 931
companies
in the Oil & Gas industry
Industry Median: 1.5
vs SPND: 2.37
During the past 12 months, Spindletop Oil & Gas Co's average Book Value Per Share Growth Rate was -5.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -5.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Spindletop Oil & Gas Co was 44.80% per year. The lowest was -10.90% per year. And the median was 8.90% 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.
* 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, Spindletop Oil & Gas Co'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.
Spindletop Oil & Gas Co PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Spindletop Oil & Gas Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Spindletop Oil & Gas Co'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.
Spindletop Oil & Gas Co (SPND) has a PB Ratio of 2.37 as of Sep. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Spindletop Oil & Gas Co and its competitors. This is 94% above median its historical median of 1.22. Over the past decade, Spindletop Oil & Gas Co's PB Ratio has ranged from 0.43 to 4.51. According to the industry distribution chart, Spindletop Oil & Gas Co ranks #653 out of 931 companies in the Oil & Gas industry, placing it in the top 70.1%.
Is Spindletop Oil & Gas Co's PB Ratio too high?
Spindletop Oil & Gas Co's current PB Ratio of 2.37 is 94% above median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 4.51. The Oil & Gas industry median PB Ratio is 1.50. Spindletop Oil & Gas Co's value of 2.37 is 58% above this industry median. Based on the distribution chart, Spindletop Oil & Gas Co ranks #653 out of 931 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Spindletop Oil & Gas Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spindletop Oil & Gas Co's PB Ratio compare to EONR and PRT?
According to the Oil & Gas industry distribution chart, Spindletop Oil & Gas Co ranks #653 out of 931 companies for PB Ratio. This places Spindletop Oil & Gas Co in the lower half of its industry. The industry median PB Ratio is 1.50. Spindletop Oil & Gas Co's value of 2.37 is 58% above this benchmark. Historically, Spindletop Oil & Gas Co's own PB Ratio has ranged from 0.43 to 4.51 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 1.50, Spindletop Oil & Gas Co 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 1.50, based on 931 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. Spindletop Oil & Gas Co's current PB Ratio of 2.37 is 58% 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 Spindletop Oil & Gas Co and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spindletop Oil & Gas Co's current PB Ratio is 2.37, which is 94% above median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spindletop Oil & Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Spindletop Oil & Gas Co (SPND) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.38, compared to a current price of $5.50 — trading 62.7% above its estimated fair value. The current PB Ratio is 2.37, which is 94% above median its 10-year median of 1.22 and 58% above the Oil & Gas industry median of 1.50. Spindletop Oil & Gas Co's overall GF Score™ is 57/100 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 Spindletop Oil & Gas Co (SPND), the current PB Ratio is 2.37 as of Sep. 11, 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 Spindletop Oil & Gas Co (SPND) Overvalued in 2026?
Based on GuruFocus' analysis, Spindletop Oil & Gas Co stock appears to be overvalued.
The current stock price of $5.50 is trading 62.7% above its estimated GF Value™ of $3.38.
GuruFocus considers Spindletop Oil & Gas Co to be Significantly Overvalued.
Key valuation signals for SPND:
PB Ratio: 2.37 (94% above median its 10-year median of 1.22)
GF Value™: $3.38 vs. price of $5.50 (62.7% above fair value)
Industry Position: 58% above the Oil & Gas median (#653 of 931)
No single metric tells the full story. See the SPND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spindletop Oil & Gas Co is an independent oil and gas company engaged in the exploration, development, production, and acquisition of oil and natural gas. In addition, it also provides the rental of oilfield equipment and is engaged in the gathering and marketing of natural gas. The oil and gas properties of the company are spread across Texas, Oklahoma, New Mexico, Louisiana, and Alabama. The company's operating business segments are: oil and gas exploration, acquisition, development and production of oil and natural gas; natural gas gathering; and commercial real estate investment. A majority of its revenue is generated from the oil and gas exploration, production, and operations segment.
57GF Score
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