Northern Drilling (OSL:NODL) Price-to-Tangible-Book : 0.00 (As of Jun. 08, 2024)

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What is Northern Drilling Price-to-Tangible-Book?

As of today (2024-06-08), Northern Drilling's share price is kr0.256. Northern Drilling's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was kr132.29. Hence, Northern Drilling's Price to Tangible Book Ratio of today is 0.00.

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

During the past 6 years, Northern Drilling's highest Price to Tangible Book Ratio was 0.62. The lowest was 0.04. And the median was 0.17.

OSL:NODL's Price-to-Tangible-Book is not ranked ^*
in the Oil & Gas industry.
Industry Median: 1.32
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Northern Drilling's share price is kr0.256. Northern Drilling's Book Value per Sharefor the quarter that ended in Jun. 2023 was kr132.29. Hence, Northern Drilling's P/B Ratio of today is 0.00.

Northern Drilling Price-to-Tangible-Book Historical Data

The historical data trend for Northern Drilling'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.

Northern Drilling Price-to-Tangible-Book Chart

Northern Drilling Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

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0.89

0.35

0.05

0.11

0.21

Northern Drilling Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Price-to-Tangible-Book	Get a 7-Day Free Trial						0.14	0.11	0.23	0.21	0.18

Competitive Comparison of Northern Drilling's Price-to-Tangible-Book

For the Oil & Gas Drilling subindustry, Northern Drilling'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.

Northern Drilling's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

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

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

Northern Drilling Price-to-Tangible-Book Calculation

Northern Drilling's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	0.256	/	132.289
	=	0.00

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.

Northern Drilling Price-to-Tangible-Book Related Terms

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

Northern Drilling (OSL:NODL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Drilling Ltd (OSL:NODL) » Definitions » Price-to-Tangible-Book

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NODLo:Sweden

Address

14 Par La Ville Road, Par La Ville Place, Hamilton, BMU, HM08

Website

https://www.northerndrillingltd.com

Northern Drilling Ltd is an international drilling contractor for the oil and gas industry, with the ambition of acquiring and operating modern drilling assets, and is expected to be primarily engaged in offshore contract drilling in ultra-deepwater environments. West Aquila and West Libra are some of its major sophisticated high-end drilling units.

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