KNOT Offshore Partners LP (KNOT Offshore Partners LP) Price-to-Tangible-Book : 0.31 (As of Apr. 30, 2024)

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What is KNOT Offshore Partners LP Price-to-Tangible-Book?

As of today (2024-04-30), KNOT Offshore Partners LP's share price is $5.35. KNOT Offshore Partners LP's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $17.39. Hence, KNOT Offshore Partners LP's Price to Tangible Book Ratio of today is 0.31.

The historical rank and industry rank for KNOT Offshore Partners LP's Price-to-Tangible-Book or its related term are showing as below:

KNOP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.29 Med: 0.76 Max: 1.23
Current: 0.31

During the past 13 years, KNOT Offshore Partners LP's highest Price to Tangible Book Ratio was 1.23. The lowest was 0.29. And the median was 0.76.

KNOP's Price-to-Tangible-Book is ranked better than
96.13% of 878 companies
in the Transportation industry
Industry Median: 1.425 vs KNOP: 0.31

A closely related ratio is called PB Ratio. As of today, KNOT Offshore Partners LP's share price is $5.35. KNOT Offshore Partners LP's Book Value per Sharefor the quarter that ended in Dec. 2023 was $17.39. Hence, KNOT Offshore Partners LP's P/B Ratio of today is 0.31.

KNOT Offshore Partners LP Price-to-Tangible-Book Historical Data

The historical data trend for KNOT Offshore Partners LP'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.

KNOT Offshore Partners LP Price-to-Tangible-Book Chart

KNOT Offshore Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.91

0.71

0.67

0.52

0.33

KNOT Offshore Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.52	0.29	0.29	0.39	0.33

Competitive Comparison of KNOT Offshore Partners LP's Price-to-Tangible-Book

For the Marine Shipping subindustry, KNOT Offshore Partners LP'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.

KNOT Offshore Partners LP's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, KNOT Offshore Partners LP's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where KNOT Offshore Partners LP's Price-to-Tangible-Book falls into.

KNOT Offshore Partners LP Price-to-Tangible-Book Calculation

KNOT Offshore Partners LP's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	5.35	/	17.387
	=	0.31

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.

KNOT Offshore Partners LP Price-to-Tangible-Book Related Terms

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

KNOT Offshore Partners LP (KNOT Offshore Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » KNOT Offshore Partners LP (NYSE:KNOP) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queens Cross, Aberdeenshire, Aberdeen, GBR, AB15 4YB

Website

https://www.knotoffshorepartners.com

KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.