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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.
Echelon Resources Price-to-Tangible-Book Related Terms
Echelon Resources Price-to-Tangible-Book Historical Data
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The historical data trend for Echelon Resources'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.
ASX:ECH vs COP, EOG, OXY: Price-to-Tangible-Book Comparison
For the Oil & Gas E&P subindustry, Echelon Resources'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.
Echelon Resources Price-to-Tangible-Book vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Echelon Resources's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Echelon Resources's Price-to-Tangible-Book falls into.
* 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 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.
Echelon Resources (ASX:ECH) has a Price-to-Tangible-Book of 0.56 as of Sep. 15, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Echelon Resources and its competitors. According to the industry distribution chart, Echelon Resources ranks #105 out of 888 companies in the Oil & Gas industry, placing it in the top 11.8%.
Is Echelon Resources' Price-to-Tangible-Book too high?
Echelon Resources' current Price-to-Tangible-Book is 0.56. The Oil & Gas industry median Price-to-Tangible-Book is 1.63. Echelon Resources' value of 0.56 is 65.6% below this industry median. Based on the distribution chart, Echelon Resources ranks #105 out of 888 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Echelon Resources has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Echelon Resources' Price-to-Tangible-Book compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Echelon Resources ranks #105 out of 888 companies for Price-to-Tangible-Book. This places Echelon Resources in the top 12% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 1.63. Echelon Resources' value of 0.56 is 65.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Oil & Gas company?
The median Price-to-Tangible-Book among Oil & Gas companies is 1.63, based on 888 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Echelon Resources's current Price-to-Tangible-Book of 0.56 is 65.6% below 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Echelon Resources and its competitors. For the Oil & Gas industry, the median Price-to-Tangible-Book is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Echelon Resources's current Price-to-Tangible-Book is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Echelon Resources stock overvalued right now?
Based on GuruFocus' analysis, Echelon Resources (ASX:ECH) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.25, compared to a current price of A$0.36 — trading 44% above its estimated fair value. The current Price-to-Tangible-Book is 0.56 and 65.6% below the Oil & Gas industry median of 1.63. Echelon Resources' overall GF Score™ is 50/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Echelon Resources (ASX:ECH), the current Price-to-Tangible-Book is 0.56 as of Sep. 15, 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 Echelon Resources (ASX:ECH) Overvalued in 2026?
Based on GuruFocus' analysis, Echelon Resources stock appears to be overvalued.
The current stock price of A$0.36 is trading 44% above its estimated GF Value™ of A$0.25.
GuruFocus considers Echelon Resources to be Significantly Overvalued.
Key valuation signals for ASX:ECH:
Price-to-Tangible-Book: 0.56
GF Value™: A$0.25 vs. price of A$0.36 (44% above fair value)
Industry Position: 65.6% below the Oil & Gas median (#105 of 888)
No single metric tells the full story. See the ASX:ECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Echelon Resources Ltd Formerly New Zealand Oil & Gas Ltd is an oil and gas exploration and production company with producing assets in New Zealand. It operates through Kupe Oil and Gas Field, Amadeus Basin Oil and Gas Exploration, and Cue Energy Resources Limited segments. The company generates maximum revenue from Cue Energy Resources Limited. It has a presence in Indonesia and Australia.
50GF Score
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