Horizon Oil (ASX:HZN) PB Ratio : 2.12 (As of May. 13, 2024)

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What is Horizon Oil PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-13), Horizon Oil's share price is A$0.18. Horizon Oil's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.09. Hence, Horizon Oil's PB Ratio of today is 2.12.

The historical rank and industry rank for Horizon Oil's PB Ratio or its related term are showing as below:

ASX:HZN' s PB Ratio Range Over the Past 10 Years
Min: 0.16 Med: 1.02 Max: 2.91
Current: 2.12

During the past 13 years, Horizon Oil's highest PB Ratio was 2.91. The lowest was 0.16. And the median was 1.02.

ASX:HZN's PB Ratio is ranked worse than
75.23% of 993 companies
in the Oil & Gas industry
Industry Median: 1.25 vs ASX:HZN: 2.12

During the past 12 months, Horizon Oil's average Book Value Per Share Growth Rate was 6.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -6.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -7.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Horizon Oil was 30.70% per year. The lowest was -30.50% per year. And the median was -8.80% per year.

Back to Basics: PB Ratio

Horizon Oil PB Ratio Historical Data

The historical data trend for Horizon Oil's PB Ratio 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.

Horizon Oil PB Ratio Chart

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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0.71

0.65

1.15

1.52

1.57

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.24	1.52	1.63	1.57	1.82

Competitive Comparison of Horizon Oil's PB Ratio

For the Oil & Gas E&P subindustry, Horizon Oil's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Horizon Oil's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Horizon Oil's PB Ratio distribution charts can be found below:

* The bar in red indicates where Horizon Oil's PB Ratio falls into.

Horizon Oil PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Horizon Oil's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.18	/	0.085
	=	2.12

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Horizon Oil (ASX:HZN) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Horizon Oil PB Ratio Related Terms

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Horizon Oil (ASX:HZN) Business Description

Industry

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.