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Comet RidgeCOMRF 34 Price-to-Tangible-Book is 4.07 as of Aug. 21, 2026, which is 72% above its 10-year median of 2.37. GuruFocus rates COMRF with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 888 Oil & Gas companies, Comet Ridge ranks better than 61.6% on this metric.
As of today (2026-08-21), Comet Ridge's share price is $0.175. Comet Ridge's Tangible Book per Share of Dec. 2025 for the quarter that ended in Dec. 2025 was $0.04. Hence, Comet Ridge's Price to Tangible Book Ratio of today is 4.07.
The historical rank and industry rank for Comet Ridge's Price-to-Tangible-Book or its related term are showing as below:
COMRF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 2.37 Max: 5.63
Current: 1.17
During the past 13 years, Comet Ridge's highest Price to Tangible Book Ratio was 5.63. The lowest was 0.97. And the median was 2.37.
COMRF's Price-to-Tangible-Book is ranked better than 61.6% of 888
companies
in the Oil & Gas industry
Industry Median: 1.61
vs COMRF: 1.17
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.
Comet Ridge Price-to-Tangible-Book Related Terms
Comet Ridge Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Comet Ridge'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.
COMRF vs COP, EOG, FANG: Price-to-Tangible-Book Comparison
For the Oil & Gas E&P subindustry, Comet Ridge'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.
Comet Ridge Price-to-Tangible-Book vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comet Ridge's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Comet Ridge'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.
Comet Ridge (COMRF) has a Price-to-Tangible-Book of 4.07 as of Aug. 21, 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 Comet Ridge and its competitors. This is 72% above median its historical median of 2.37. Over the past decade, Comet Ridge's Price-to-Tangible-Book has ranged from 0.97 to 5.63. According to the industry distribution chart, Comet Ridge ranks #341 out of 888 companies in the Oil & Gas industry, placing it in the top 38.4%.
Is Comet Ridge's Price-to-Tangible-Book too high?
Comet Ridge's current Price-to-Tangible-Book of 4.07 is 72% above median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 5.63. The Oil & Gas industry median Price-to-Tangible-Book is 1.61. Comet Ridge's value of 4.07 is 152.8% above this industry median. Based on the distribution chart, Comet Ridge ranks #341 out of 888 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Comet Ridge has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Comet Ridge's Price-to-Tangible-Book compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Comet Ridge ranks #341 out of 888 companies for Price-to-Tangible-Book. This puts Comet Ridge in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.61. Comet Ridge's value of 4.07 is 152.8% above this benchmark. Historically, Comet Ridge's own Price-to-Tangible-Book has ranged from 0.97 to 5.63 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.61, Comet Ridge 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 Price-to-Tangible-Book for an Oil & Gas company?
The median Price-to-Tangible-Book among Oil & Gas companies is 1.61, 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. Comet Ridge's current Price-to-Tangible-Book of 4.07 is 152.8% 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 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 Comet Ridge and its competitors. For the Oil & Gas industry, the median Price-to-Tangible-Book is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comet Ridge's current Price-to-Tangible-Book is 4.07, which is 72% above median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Ridge stock overvalued right now?
Comet Ridge (COMRF) has a current Price-to-Tangible-Book of 4.07. The current Price-to-Tangible-Book is 4.07, which is 72% above median its 10-year median of 2.37 and 152.8% above the Oil & Gas industry median of 1.61. Comet Ridge's overall GF Score™ is 34/100 with 1 warning sign 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 Comet Ridge (COMRF), the current Price-to-Tangible-Book is 4.07 as of Aug. 21, 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.
Comet Ridge Ltd is an Australian energy company focused on the development of natural gas for the supply-constrained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The company's flagship Mahalo Gas Hub area (Mahalo Gas Project) consists of high-quality natural gas resources with low CO2 and competitive production costs. The Mahalo Gas Hub contains gross 2P (Reserves) and 2C (Contingent Resources) of 676 Petajoules close to the Gladstone LNG export and domestic market precinct, as well as gas transport infrastructure. Additionally, the company also holds various permits in the eastern part of the Galilee Basin, and an exploration licence (PEL 427), in the northern Gunnedah Basin, New South Wales.
34GF Score
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