Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Exxon Mobil (MEX:XOM) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Exxon Mobil Tangible Book per Share Related Terms
Exxon Mobil Tangible Book per Share Historical Data
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The historical data trend for Exxon Mobil's Tangible Book per Share 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.
MEX:XOM vs CVX, NFG, DEC: Tangible Book per Share Comparison
For the Oil & Gas Integrated subindustry, Exxon Mobil'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.
Exxon Mobil Price-to-Tangible-Book vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Exxon Mobil's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Exxon Mobil's Price-to-Tangible-Book falls into.
* 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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
What does a Tangible Book per Share of MXN1,106.69 mean?
Exxon Mobil (MEX:XOM) has a Tangible Book per Share of MXN1,106.69 as of Mar. 2026. Tangible book per share equals the per-share value of a company's tangible equity. View historical data on Exxon Mobil and its competitors.
Is Exxon Mobil's Tangible Book per Share too high?
Exxon Mobil's current Tangible Book per Share is MXN1,106.69. Overall, Exxon Mobil has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exxon Mobil's Tangible Book per Share compare to CVX and NFG?
Exxon Mobil's Tangible Book per Share of MXN1,106.69 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tangible Book per Share for an Oil & Gas company?
A good Tangible Book per Share depends on the Oil & Gas industry context. However, Tangible Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tangible Book per Share mean?
A high Tangible Book per Share can signal that a stock is expensive relative to its fundamentals. Tangible book per share equals the per-share value of a company's tangible equity. View historical data on Exxon Mobil and its competitors. Exxon Mobil's current Tangible Book per Share is MXN1,106.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exxon Mobil stock overvalued right now?
Based on GuruFocus' analysis, Exxon Mobil (MEX:XOM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,002.23, compared to a current price of MXN2,456.00 — trading 22.7% above its estimated fair value. The current Tangible Book per Share is MXN1,106.69. Exxon Mobil's overall GF Score™ is 68/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tangible Book per Share calculated?
Tangible Book per Share is calculated from a company's financial statements. For Exxon Mobil (MEX:XOM), the current Tangible Book per Share is MXN1,106.69 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Exxon Mobil (MEX:XOM) Overvalued in 2026?
Based on GuruFocus' analysis, Exxon Mobil stock appears to be overvalued.
The current stock price of MXN2,456.00 is trading 22.7% above its estimated GF Value™ of MXN2,002.23.
GuruFocus considers Exxon Mobil to be Modestly Overvalued.
Key valuation signals for MEX:XOM:
Tangible Book per Share: MXN1,106.69
GF Value™: MXN2,002.23 vs. price of MXN2,456.00 (22.7% above fair value)
No single metric tells the full story. See the MEX:XOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2025, reserves were 19.3 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.1 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
68GF Score
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