88 Energy (LSE:88E) Price-to-Tangible-Book : (As of May. 04, 2024)

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What is 88 Energy Price-to-Tangible-Book?

As of today (2024-05-04), 88 Energy's share price is £0.0016. 88 Energy's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was £0.00. Hence, 88 Energy's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for 88 Energy's Price-to-Tangible-Book or its related term are showing as below:

LSE:88E' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.67 Med: 1.85 Max: 4.01
Current: 0.67

During the past 13 years, 88 Energy's highest Price to Tangible Book Ratio was 4.01. The lowest was 0.67. And the median was 1.85.

LSE:88E's Price-to-Tangible-Book is ranked better than
89.89% of 930 companies
in the Oil & Gas industry
Industry Median: 1.32 vs LSE:88E: 0.67

A closely related ratio is called PB Ratio. As of today, 88 Energy's share price is £0.0016. 88 Energy's Book Value per Sharefor the quarter that ended in Jun. 2023 was £0.00. Hence, 88 Energy's P/B Ratio of today is .

88 Energy Price-to-Tangible-Book Historical Data

The historical data trend for 88 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.

88 Energy Price-to-Tangible-Book Chart

88 Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.62

1.52

2.87

1.36

0.80

88 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															2.87	1.11	1.36	-	0.80

Competitive Comparison of 88 Energy's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, 88 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.

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

For the Oil & Gas industry and Energy sector, 88 Energy's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where 88 Energy's Price-to-Tangible-Book falls into.

88 Energy Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	0.0016	/	0
	=

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.

88 Energy Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of 88 Energy's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

88 Energy (LSE:88E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 88 Energy Ltd (LSE:88E) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

EEENF:USA POQ:Germany 88E:Australia

Address

516 Hay Street, Ground Floor, Subiaco, WA, AUS, 6008

Website

https://www.88energy.com

88 Energy Ltd is an upstream oil and gas operations company based in Australia. Its business involves exploring potential oil and natural gas and processing the acquired crude reserves. The company has oil and gas assets located across the United States and Australia. The value of its interests and operatorship in Alaska by far supersedes that of its Australian projects. The company's projects include Project Icewine, Yukon Gold Acreage, and Western Blocks. The company focuses on 1H 2016, which is a high resolution wide-azimuth three dimensional (3D) seismic acquisition. It also focuses on horizontal multi-stage frac and production test or vertical conventional test in its Icewine 2 project.

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