State Gas (ASX:GAS) Price-to-Tangible-Book : 0.94 (As of May. 12, 2024)

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What is State Gas Price-to-Tangible-Book?

As of today (2024-05-12), State Gas's share price is A$0.145. State Gas's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.16. Hence, State Gas's Price to Tangible Book Ratio of today is 0.94.

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

ASX:GAS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.91 Med: 3.42 Max: 17.5
Current: 0.91

During the past 6 years, State Gas's highest Price to Tangible Book Ratio was 17.50. The lowest was 0.91. And the median was 3.42.

ASX:GAS's Price-to-Tangible-Book is ranked better than
68.89% of 929 companies
in the Oil & Gas industry
Industry Median: 1.36 vs ASX:GAS: 0.91

A closely related ratio is called PB Ratio. As of today, State Gas's share price is A$0.145. State Gas's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.16. Hence, State Gas's P/B Ratio of today is 0.94.

State Gas Price-to-Tangible-Book Historical Data

The historical data trend for State Gas'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.

State Gas Price-to-Tangible-Book Chart

State Gas Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

8.23

4.63

3.42

1.08

1.10

State Gas Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial								1.84	1.08	1.42	1.10	1.10

Competitive Comparison of State Gas's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, State Gas'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.

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

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

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

State Gas Price-to-Tangible-Book Calculation

State Gas's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.145	/	0.155
	=	0.94

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.

State Gas Price-to-Tangible-Book Related Terms

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

State Gas (ASX:GAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » State Gas Ltd (ASX:GAS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

40 Edward Street, Suite 4, Level 1, Brisbane, QLD, AUS, 4000

Website

https://www.stategas.com

State Gas Ltd operates as an exploration and development of gas fields in Australia. It explores and produces liquefied natural gas. The project of the company includes Reid's Dome Conventional Gas, Santos Exploration Joint Venture and the Rolleston-West project.