Golden Ocean Group (Golden Ocean Group) Price-to-Tangible-Book : 1.50 (As of May. 27, 2024)

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What is Golden Ocean Group Price-to-Tangible-Book?

As of today (2024-05-27), Golden Ocean Group's share price is $14.50. Golden Ocean Group's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $9.64. Hence, Golden Ocean Group's Price to Tangible Book Ratio of today is 1.50.

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

GOGL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.16 Med: 0.65 Max: 1.51
Current: 1.51

During the past 13 years, Golden Ocean Group's highest Price to Tangible Book Ratio was 1.51. The lowest was 0.16. And the median was 0.65.

GOGL's Price-to-Tangible-Book is ranked worse than
52.1% of 879 companies
in the Transportation industry
Industry Median: 1.42 vs GOGL: 1.51

A closely related ratio is called PB Ratio. As of today, Golden Ocean Group's share price is $14.50. Golden Ocean Group's Book Value per Sharefor the quarter that ended in Mar. 2024 was $9.64. Hence, Golden Ocean Group's P/B Ratio of today is 1.50.

Golden Ocean Group Price-to-Tangible-Book Historical Data

The historical data trend for Golden Ocean Group'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.

Golden Ocean Group Price-to-Tangible-Book Chart

Golden Ocean Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.55

0.48

0.97

0.91

1.01

Golden Ocean Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.02	0.80	0.83	1.01	1.34

Competitive Comparison of Golden Ocean Group's Price-to-Tangible-Book

For the Marine Shipping subindustry, Golden Ocean Group'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.

Golden Ocean Group's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Ocean Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Golden Ocean Group's Price-to-Tangible-Book falls into.

Golden Ocean Group Price-to-Tangible-Book Calculation

Golden Ocean Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	14.50	/	9.638
	=	1.50

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.

Golden Ocean Group Price-to-Tangible-Book Related Terms

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

Golden Ocean Group (Golden Ocean Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Ocean Group Ltd (NAS:GOGL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GOGLo:Sweden GOGL:Norway GOGLo:UK 0RII:UK KT31:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.goldenocean.bm

Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.