Trinidad Drilling (TSX:TDG) Price-to-Tangible-Book : 0.60 (As of Jun. 19, 2024)

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

As of today (2024-06-19), Trinidad Drilling's share price is C$1.68. Trinidad Drilling's Tangible Book per Share of Sep. 2018 for the quarter that ended in Sep. 2018 was C$2.78. Hence, Trinidad Drilling's Price to Tangible Book Ratio of today is 0.60.

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

TSX:TDG's Price-to-Tangible-Book is not ranked ^*
in the Oil & Gas industry.
Industry Median: 1.3
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Trinidad Drilling's share price is C$1.68. Trinidad Drilling's Book Value per Sharefor the quarter that ended in Sep. 2018 was C$2.81. Hence, Trinidad Drilling's P/B Ratio of today is 0.60.

Trinidad Drilling Price-to-Tangible-Book Historical Data

The historical data trend for Trinidad 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.

Trinidad Drilling Price-to-Tangible-Book Chart

Trinidad Drilling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Price-to-Tangible-Book

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1.33

0.68

0.37

0.61

0.40

Trinidad Drilling Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.44	0.40	0.42	0.44	0.67

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

For the Oil & Gas Drilling subindustry, Trinidad 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.

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

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

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

Trinidad Drilling Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2018 )
	=	1.68	/	2.779
	=	0.60

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.

Trinidad Drilling Price-to-Tangible-Book Related Terms

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

Trinidad Drilling (TSX:TDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinidad Drilling Ltd (TSX:TDG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.trinidaddrilling.com

Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.