Trican Well Service (TSX:TCW) Price-to-Tangible-Book : 1.69 (As of May. 04, 2024)

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What is Trican Well Service Price-to-Tangible-Book?

As of today (2024-05-04), Trican Well Service's share price is C$4.18. Trican Well Service's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$2.47. Hence, Trican Well Service's Price to Tangible Book Ratio of today is 1.69.

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

TSX:TCW' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.19 Med: 1.18 Max: 1.75
Current: 1.69

During the past 13 years, Trican Well Service's highest Price to Tangible Book Ratio was 1.75. The lowest was 0.19. And the median was 1.18.

TSX:TCW's Price-to-Tangible-Book is ranked worse than
61.4% of 930 companies
in the Oil & Gas industry
Industry Median: 1.32 vs TSX:TCW: 1.69

A closely related ratio is called PB Ratio. As of today, Trican Well Service's share price is C$4.18. Trican Well Service's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$2.47. Hence, Trican Well Service's P/B Ratio of today is 1.69.

Trican Well Service Price-to-Tangible-Book Historical Data

The historical data trend for Trican Well Service'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.

Trican Well Service Price-to-Tangible-Book Chart

Trican Well Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.54

0.91

1.44

1.68

1.67

Trican Well Service 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															1.68	1.33	1.54	1.94	1.67

Competitive Comparison of Trican Well Service's Price-to-Tangible-Book

For the Oil & Gas Equipment & Services subindustry, Trican Well Service'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.

Trican Well Service's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Trican Well Service's Price-to-Tangible-Book falls into.

Trican Well Service Price-to-Tangible-Book Calculation

Trican Well Service's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.18	/	2.472
	=	1.69

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.

Trican Well Service Price-to-Tangible-Book Related Terms

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

Trican Well Service (TSX:TCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trican Well Service Ltd (TSX:TCW) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TOLWF:USA TWZ:Germany

Address

2900, 645 - 7th Avenue SW, Calgary, AB, CAN, T2P 4G8

Website

https://www.tricanwellservice.com

Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily through its continuing pressure pumping operations in Canada. The company offers services related to coiled tubing, pipeline service, cementing, fracturing and reservoir solutions.

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