Parex Resources (TSX:PXT) 3-Year Book Growth Rate : 24.40% (As of Mar. 2024)

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What is Parex Resources 3-Year Book Growth Rate?

Parex Resources's Book Value per Share for the quarter that ended in Mar. 2024 was C$25.94.

During the past 12 months, Parex Resources's average Book Value per Share Growth Rate was 15.80% per year. During the past 3 years, the average Book Value per Share Growth Rate was 24.40% per year. During the past 5 years, the average Book Value per Share Growth Rate was 18.00% per year. During the past 10 years, the average Book Value per Share Growth Rate was 17.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Parex Resources was 27.60% per year. The lowest was 9.00% per year. And the median was 18.15% per year.

Competitive Comparison of Parex Resources's 3-Year Book Growth Rate

For the Oil & Gas E&P subindustry, Parex Resources's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Parex Resources's 3-Year Book Growth Rate Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Parex Resources's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Parex Resources's 3-Year Book Growth Rate falls into.

Parex Resources 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Parex Resources (TSX:PXT) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Parex Resources 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of Parex Resources's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Parex Resources (TSX:PXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (TSX:PXT) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

PARXF:USA QPX:Germany

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.

Executives

Sigmund Cornelius

Director

Parex Resources (TSX:PXT) Headlines

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