Tidewater Midstream and Infrastructure (TSX:TWM) PB Ratio: 2.28 (As of Jun. 24, 2026) — 196% Above Median


TSX:TWM Tidewater Midstream and Infrastructure Ltd TSX:TWM
54 GF Score
Price C$16.34
GF Value C$7.33
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Tidewater Midstream and Infrastructure PB Ratio?

Tidewater Midstream and Infrastructure TSX:TWM -2.33% 54 PB Ratio is 2.28 as of Jun. 24, 2026, which is 196% above its 10-year median of 0.77. GuruFocus rates TSX:TWM with a GF Score™ of 54/100 and a GF Value™ of C$7.33 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 923 Oil & Gas companies, Tidewater Midstream and Infrastructure ranks worse than 71.29% 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 (2026-06-24), Tidewater Midstream and Infrastructure's share price is C$16.34. Tidewater Midstream and Infrastructure's Book Value per Share for the quarter that ended in Mar. 2026 was C$7.18. Hence, Tidewater Midstream and Infrastructure's PB Ratio of today is 2.28.

Warning Sign:

Tidewater Midstream and Infrastructure Ltd stock PB Ratio (=2.33) is close to 10-year high of 2.51.

The historical rank and industry rank for Tidewater Midstream and Infrastructure's PB Ratio or its related term are showing as below:

TSX:TWM' s PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.77   Max: 2.51
Current: 2.28

During the past 11 years, Tidewater Midstream and Infrastructure's highest PB Ratio was 2.51. The lowest was 0.17. And the median was 0.77.

TSX:TWM's PB Ratio is ranked worse than
71.29% of 923 companies
in the Oil & Gas industry
Industry Median: 1.44 vs TSX:TWM: 2.28

During the past 12 months, Tidewater Midstream and Infrastructure's average Book Value Per Share Growth Rate was -40.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -36.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -23.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -8.20% per year.

During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Tidewater Midstream and Infrastructure was 8.50% per year. The lowest was -36.70% per year. And the median was -0.15% per year.

Back to Basics: PB Ratio


Tidewater Midstream and Infrastructure  (TSX:TWM) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Tidewater Midstream and Infrastructure PB Ratio Related Terms


Tidewater Midstream and Infrastructure PB Ratio Historical Data

* Premium members only.

The historical data trend for Tidewater Midstream and Infrastructure'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.

Tidewater Midstream and Infrastructure PB Ratio Chart

Tidewater Midstream and Infrastructure Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.61 1.46 0.22 0.63

Tidewater Midstream and Infrastructure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.37 0.63 0.63 1.24

TSX:TWM vs WMB, EPD, KMI: PB Ratio Comparison

For the Oil & Gas Midstream subindustry, Tidewater Midstream and Infrastructure'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.


Tidewater Midstream and Infrastructure PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tidewater Midstream and Infrastructure's PB Ratio distribution charts can be found below:

* The bar in red indicates where Tidewater Midstream and Infrastructure's PB Ratio falls into.


TSX:TWM
54GF Score
Tidewater Midstream and Infrastructure Ltd TSX:TWM
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tidewater Midstream and Infrastructure 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.

Tidewater Midstream and Infrastructure's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=16.34/7.178
=2.28

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.28 mean?
Tidewater Midstream and Infrastructure (TSX:TWM) has a PB Ratio of 2.28 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tidewater Midstream and Infrastructure and its competitors. This is 196% above median its historical median of 0.77. Over the past decade, Tidewater Midstream and Infrastructure's PB Ratio has ranged from 0.17 to 2.51. According to the industry distribution chart, Tidewater Midstream and Infrastructure ranks #658 out of 923 companies in the Oil & Gas industry, placing it in the top 71.3%.
Is Tidewater Midstream and Infrastructure's PB Ratio too high?
Tidewater Midstream and Infrastructure's current PB Ratio of 2.28 is 196% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 2.51. The Oil & Gas industry median PB Ratio is 1.44. Tidewater Midstream and Infrastructure's value of 2.28 is 58.3% above this industry median. Based on the distribution chart, Tidewater Midstream and Infrastructure ranks #658 out of 923 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tidewater Midstream and Infrastructure has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tidewater Midstream and Infrastructure's PB Ratio compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Tidewater Midstream and Infrastructure ranks #658 out of 923 companies for PB Ratio. This places Tidewater Midstream and Infrastructure in the lower half of its industry. The industry median PB Ratio is 1.44. Tidewater Midstream and Infrastructure's value of 2.28 is 58.3% above this benchmark. Historically, Tidewater Midstream and Infrastructure's own PB Ratio has ranged from 0.17 to 2.51 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 1.44, Tidewater Midstream and Infrastructure 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 1.44, 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. Tidewater Midstream and Infrastructure's current PB Ratio of 2.28 is 58.3% 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 Tidewater Midstream and Infrastructure and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tidewater Midstream and Infrastructure's current PB Ratio is 2.28, which is 196% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tidewater Midstream and Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Tidewater Midstream and Infrastructure (TSX:TWM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$7.33, compared to a current price of C$16.34 — trading 122.9% above its estimated fair value. The current PB Ratio is 2.28, which is 196% above median its 10-year median of 0.77 and 58.3% above the Oil & Gas industry median of 1.44. Tidewater Midstream and Infrastructure's overall GF Score™ is 54/100 with 9 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 Tidewater Midstream and Infrastructure (TSX:TWM), the current PB Ratio is 2.28 as of Jun. 24, 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 Tidewater Midstream and Infrastructure (TSX:TWM) Overvalued in 2026?

Based on GuruFocus' analysis, Tidewater Midstream and Infrastructure stock appears to be overvalued. The current stock price of C$16.34 is trading 122.9% above its estimated GF Value™ of C$7.33. GuruFocus considers Tidewater Midstream and Infrastructure to be Significantly Overvalued.

Key valuation signals for TSX:TWM:

  • PB Ratio: 2.28 (196% above median its 10-year median of 0.77)
  • GF Value™: C$7.33 vs. price of C$16.34 (122.9% above fair value)
  • GF Score™: 54/100 with 9 warning signs
  • Industry Position: 58.3% above the Oil & Gas median (#658 of 923)

No single metric tells the full story. See the TSX:TWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tidewater Midstream and Infrastructure Business Description

Industry EnergyOil & Gas
Other Exchanges TWMIF:USATL50:Germany
Address 222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4
Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane, butane, and natural gasoline throughout North America and exports to premium markets. The business activities of the company include gathering, processing, and transportation related to raw gas gathering systems, processing plants, and pipelines, NGL marketing and Extraction, refined products, and other activities.
54GF Score

Get the complete analysis for TSX:TWM

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$16.34
Price
C$7.33
GF Value