Blue Energy (ASX:BLU) Price-to-Tangible-Book : 0.39 (As of May. 18, 2024)

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What is Blue Energy Price-to-Tangible-Book?

As of today (2024-05-18), Blue Energy's share price is A$0.0155. Blue Energy's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.04. Hence, Blue Energy's Price to Tangible Book Ratio of today is 0.39.

The historical rank and industry rank for Blue Energy's Price-to-Tangible-Book or its related term are showing as below:

ASX:BLU' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.33 Med: 0.89 Max: 2.76
Current: 0.39

During the past 13 years, Blue Energy's highest Price to Tangible Book Ratio was 2.76. The lowest was 0.33. And the median was 0.89.

ASX:BLU's Price-to-Tangible-Book is ranked better than
90.37% of 924 companies
in the Oil & Gas industry
Industry Median: 1.355 vs ASX:BLU: 0.39

A closely related ratio is called PB Ratio. As of today, Blue Energy's share price is A$0.0155. Blue Energy's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.04. Hence, Blue Energy's P/B Ratio of today is 0.39.

Blue Energy Price-to-Tangible-Book Historical Data

The historical data trend for Blue Energy's Price-to-Tangible-Book 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.

* Premium members only.

Blue Energy Price-to-Tangible-Book Chart

Blue Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.78

0.85

1.39

1.52

0.57

Blue Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.93	1.52	1.15	0.57	0.60

Competitive Comparison of Blue Energy's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, Blue Energy's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Blue Energy's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Blue Energy's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Blue Energy's Price-to-Tangible-Book falls into.

Blue Energy Price-to-Tangible-Book Calculation

Blue Energy's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.0155	/	0.04
	=	0.39

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Blue Energy Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Blue Energy's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Blue Energy (ASX:BLU) Business Description

Industry

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BUENF:USA

Address

26 Wharf Street, Level 10, Brisbane, QLD, AUS, 4000

Website

https://www.blueenergy.com.au

Blue Energy Ltd is an energy company. It undertakes the exploration, evaluation, and development of conventional and unconventional oil and gas resources. The company's only reportable segment being the exploration for gas and petroleum resources. Geographically, it operates only in Australia. Its projects are Bowen Basin; Carpentaria Basin; Galilee Basin and Others.