Tullow Oil (XGHA:TLW) PB Ratio: (As of Jul. 04, 2026)


XGHA:TLW Tullow Oil PLC XGHA:TLW
43 GF Score
Price GHS11.92
GF Value GHS25.96
Valuation Possible Value Trap
! 5 Warning Signs
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What is Tullow Oil PB Ratio?

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 (2026-07-04), Tullow Oil's share price is GHS11.92. Tullow Oil's Book Value per Share for the quarter that ended in Dec. 2025 was GHS-1.95. Hence, Tullow Oil's PB Ratio of today is .

The historical rank and industry rank for Tullow Oil's PB Ratio or its related term are showing as below:

During the past 13 years, Tullow Oil's highest PB Ratio was 1.90. The lowest was 0.18. And the median was 1.20.

XGHA:TLW's PB Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 1.38
* Ranked among companies with meaningful PB Ratio only.

During the past 3 years, the average Book Value Per Share Growth Rate was 21.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tullow Oil was 273.30% per year. The lowest was -31.60% per year. And the median was 15.75% per year.

Back to Basics: PB Ratio


Tullow Oil  (XGHA:TLW) 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.


Tullow Oil PB Ratio Related Terms


Tullow Oil PB Ratio Historical Data

* Premium members only.

The historical data trend for Tullow Oil'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.

Tullow Oil PB Ratio Chart

Tullow Oil 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 0.00 0.00 0.00 0.00 0.00

Tullow Oil Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 0.00

XGHA:TLW vs COP, EOG, FANG: PB Ratio Comparison

For the Oil & Gas E&P subindustry, Tullow Oil'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.


Tullow Oil PB Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Tullow Oil's PB Ratio falls into.


XGHA:TLW
43GF Score
Tullow Oil PLC XGHA:TLW
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tullow Oil 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.

Tullow Oil's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=11.92/-1.95
=

* 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.

Is Tullow Oil (XGHA:TLW) Overvalued in 2026?

Based on GuruFocus' analysis, Tullow Oil stock appears to be undervalued. The current stock price of GHS11.92 is trading 54.1% below its estimated GF Value™ of GHS25.96. GuruFocus considers Tullow Oil to be Possible Value Trap.

Key valuation signals for XGHA:TLW:

  • PB Ratio:
  • GF Value™: GHS25.96 vs. price of GHS11.92 (54.1% below fair value)
  • GF Score™: 43/100 with 5 warning signs

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


Tullow Oil Business Description

Industry EnergyOil & Gas
Address 566 Chiswick High Road, Building 9 Chiswick Park, London, GBR, W4 5XT
Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in the African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus on offshore fields. Assets used in oil and gas production are acquired through licenses. The company generates revenue from natural gas and crude oil sales. Its reportable segments are: Ghana, which generates key revenue, and the other segment.
43GF Score

Get the complete analysis for XGHA:TLW

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

GHS11.92
Price
GHS25.96
GF Value