Parker Drilling Co (Parker Drilling Co) Price-to-Tangible-Book : 0.57 (As of Jun. 23, 2024)

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What is Parker Drilling Co Price-to-Tangible-Book?

As of today (2024-06-23), Parker Drilling Co's share price is $12.96. Parker Drilling Co's Tangible Book per Share of Dec. 2019 for the quarter that ended in Dec. 2019 was $22.61. Hence, Parker Drilling Co's Price to Tangible Book Ratio of today is 0.57.

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

PKDC's Price-to-Tangible-Book is not ranked ^*
in the Oil & Gas industry.
Industry Median: 1.275
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Parker Drilling Co's share price is $12.96. Parker Drilling Co's Book Value per Sharefor the quarter that ended in Dec. 2019 was $23.52. Hence, Parker Drilling Co's P/B Ratio of today is 0.55.

Parker Drilling Co Price-to-Tangible-Book Historical Data

The historical data trend for Parker Drilling Co'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.

Parker Drilling Co Price-to-Tangible-Book Chart

Parker Drilling Co Annual Data

Trend

Dec10

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Dec12

Dec13

Dec14

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Dec16

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Dec19

Price-to-Tangible-Book

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Parker Drilling Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	0.92	0.84	0.99

Competitive Comparison of Parker Drilling Co's Price-to-Tangible-Book

For the Oil & Gas Equipment & Services subindustry, Parker Drilling Co'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.

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

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

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

Parker Drilling Co Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2019 )
	=	12.96	/	22.614
	=	0.57

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.

Parker Drilling Co Price-to-Tangible-Book Related Terms

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Parker Drilling Co (Parker Drilling Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parker Drilling Co (OTCPK:PKDC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

5 Greenway Plaza, Suite 100, Houston, TX, USA, 77046

Website

https://www.parkerdrilling.com

Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.