Odfjell Drilling (OSTO:ODLO) Price-to-Tangible-Book : 0.82 (As of May. 05, 2024)

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

As of today (2024-05-05), Odfjell Drilling's share price is kr51.10. Odfjell Drilling's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was kr61.97. Hence, Odfjell Drilling's Price to Tangible Book Ratio of today is 0.82.

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

OSTO:ODLO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.13 Med: 0.51 Max: 1.03
Current: 0.82

During the past 13 years, Odfjell Drilling's highest Price to Tangible Book Ratio was 1.03. The lowest was 0.13. And the median was 0.51.

OSTO:ODLO's Price-to-Tangible-Book is ranked better than
71.72% of 930 companies
in the Oil & Gas industry
Industry Median: 1.32 vs OSTO:ODLO: 0.82

A closely related ratio is called PB Ratio. As of today, Odfjell Drilling's share price is kr51.10. Odfjell Drilling's Book Value per Sharefor the quarter that ended in Dec. 2023 was kr62.11. Hence, Odfjell Drilling's P/B Ratio of today is 0.82.

Odfjell Drilling Price-to-Tangible-Book Historical Data

The historical data trend for Odfjell 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.

Odfjell Drilling Price-to-Tangible-Book Chart

Odfjell Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.75

0.34

0.37

0.52

0.63

Odfjell Drilling 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	0.48	0.45	0.61	0.63

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

For the Oil & Gas Drilling subindustry, Odfjell 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.

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

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

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

Odfjell Drilling Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	51.10	/	61.969
	=	0.82

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.

Odfjell Drilling Price-to-Tangible-Book Related Terms

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

Odfjell Drilling (OSTO:ODLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Drilling Ltd (OSTO:ODLO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ODFJF:USA ODL:Norway 0QHX:UK OD3:Germany

Address

Crawpeel Road, Bergen House, Altens, Aberdeen, GBR, AB12 3LG

Website

https://www.odfjelldrilling.com

Odfjell Drilling Ltd is an integrated offshore drilling and oil service company. The company and its subsidiaries operates mobile offshore drilling units. It operates in the segments Own Fleet, External Fleet and Corporate / other. The Own Fleet segment operates mobile offshore drilling units owned by Odfjell Drilling. The External Fleet segment offers management services to other owners of drilling units; mainly operational management, management of regulatory requirements, marketing, contract negotiations and client relations, preparations for operation and mobilisation. Majority of revenue is generated from Own Fleet segment. Geographically, It operates in Norway.

Odfjell Drilling (OSTO:ODLO) Headlines

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