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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.
Liberty Energy Price-to-Tangible-Book Related Terms
Liberty Energy Price-to-Tangible-Book Historical Data
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The historical data trend for Liberty 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.
LBRT vs SEI, NESR, WTTR: Price-to-Tangible-Book Comparison
For the Oil & Gas Equipment & Services subindustry, Liberty 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.
Liberty Energy Price-to-Tangible-Book vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Liberty Energy's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Liberty Energy'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.
Liberty Energy (LBRT) has a Price-to-Tangible-Book of 1.83 as of Sep. 09, 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 Liberty Energy and its competitors. According to the industry distribution chart, Liberty Energy ranks #474 out of 886 companies in the Oil & Gas industry, placing it in the top 53.5%.
Is Liberty Energy's Price-to-Tangible-Book too high?
Liberty Energy's current Price-to-Tangible-Book is 1.83. The Oil & Gas industry median Price-to-Tangible-Book is 1.63. Liberty Energy's value of 1.83 is 12.3% above this industry median. Based on the distribution chart, Liberty Energy ranks #474 out of 886 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Liberty Energy has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liberty Energy's Price-to-Tangible-Book compare to SEI and NESR?
According to the Oil & Gas industry distribution chart, Liberty Energy ranks #474 out of 886 companies for Price-to-Tangible-Book. This places Liberty Energy in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.63. Liberty Energy's value of 1.83 is 12.3% above 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 886 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. Liberty Energy's current Price-to-Tangible-Book of 1.83 is 12.3% 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 Liberty Energy 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. Liberty Energy's current Price-to-Tangible-Book is 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty Energy stock overvalued right now?
Based on GuruFocus' analysis, Liberty Energy (LBRT) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.99, compared to a current price of $22.06 — trading 16.2% above its estimated fair value. The current Price-to-Tangible-Book is 1.83 and 12.3% above the Oil & Gas industry median of 1.63. Liberty Energy's overall GF Score™ is 88/100 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 Liberty Energy (LBRT), the current Price-to-Tangible-Book is 1.83 as of Sep. 09, 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 Liberty Energy (LBRT) Overvalued in 2026?
Based on GuruFocus' analysis, Liberty Energy stock appears to be overvalued.
The current stock price of $22.06 is trading 16.2% above its estimated GF Value™ of $18.99.
GuruFocus considers Liberty Energy to be Modestly Overvalued.
Key valuation signals for LBRT:
Price-to-Tangible-Book: 1.83
GF Value™: $18.99 vs. price of $22.06 (16.2% above fair value)
Industry Position: 12.3% above the Oil & Gas median (#474 of 886)
No single metric tells the full story. See the LBRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liberty Energy Inc is a integrated energy services and technology company focused on providing hydraulic fracturing services and related technologies to onshore oil and natural gas exploration and production (E&P) companies. The Company offers customers with hydraulic fracturing services, together with complementary services including wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods (including sand mine operations), and technologies to facilitate lower emission completions, thereby helping customers reduce emissions profile. The company provides services across USA and Canada.
88GF Score
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