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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.
Nabors Energy Transition II Price-to-Tangible-Book Related Terms
Nabors Energy Transition II Price-to-Tangible-Book Historical Data
* 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.
Nabors Energy Transition II Price-to-Tangible-Book Chart
NETD vs MKLY, COPL, NTWO: Price-to-Tangible-Book Comparison
For the Shell Companies subindustry, Nabors Energy Transition II'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.
Nabors Energy Transition II Price-to-Tangible-Book vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Nabors Energy Transition II's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Nabors Energy Transition II'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.
Nabors Energy Transition II (NETD) has a Price-to-Tangible-Book of 1.75 as of Aug. 05, 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 Nabors Energy Transition II and its competitors. This is 34% above median its historical median of 1.31. Over the past decade, Nabors Energy Transition II's Price-to-Tangible-Book has ranged from 1.29 to 1.75.
Is Nabors Energy Transition II's Price-to-Tangible-Book too high?
Nabors Energy Transition II's current Price-to-Tangible-Book of 1.75 is 34% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 1.75. The Diversified Financial Services industry median Price-to-Tangible-Book is 1.38. Nabors Energy Transition II's value of 1.75 is 26.8% above this industry median. Overall, Nabors Energy Transition II has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Nabors Energy Transition II's Price-to-Tangible-Book compare to MKLY and COPL?
Nabors Energy Transition II's Price-to-Tangible-Book of 1.75 can be compared against companies in the Diversified Financial Services industry. The industry median Price-to-Tangible-Book is 1.38. Nabors Energy Transition II's value of 1.75 is 26.8% above this benchmark. Historically, Nabors Energy Transition II's own Price-to-Tangible-Book has ranged from 1.29 to 1.75 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 1.38, Nabors Energy Transition II 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 a Diversified Financial Services company?
The median Price-to-Tangible-Book among Diversified Financial Services companies is 1.38, based on 445 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. Nabors Energy Transition II's current Price-to-Tangible-Book of 1.75 is 26.8% 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 Nabors Energy Transition II and its competitors. For the Diversified Financial Services industry, the median Price-to-Tangible-Book is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nabors Energy Transition II's current Price-to-Tangible-Book is 1.75, which is 34% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nabors Energy Transition II stock overvalued right now?
Nabors Energy Transition II (NETD) has a current Price-to-Tangible-Book of 1.75. The current Price-to-Tangible-Book is 1.75, which is 34% above median its 10-year median of 1.31 and 26.8% above the Diversified Financial Services industry median of 1.38. Nabors Energy Transition II's overall GF Score™ is 22/100 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 Nabors Energy Transition II (NETD), the current Price-to-Tangible-Book is 1.75 as of Aug. 05, 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.
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