GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (TSX:GFR) » Definitions » Price-to-Tangible-Book

Greenfire Resources (TSX:GFR) Price-to-Tangible-Book : 0.84 (As of Jun. 07, 2024)


View and export this data going back to 2024. Start your Free Trial

What is Greenfire Resources Price-to-Tangible-Book?

As of today (2024-06-07), Greenfire Resources's share price is C$7.86. Greenfire Resources's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$9.40. Hence, Greenfire Resources's Price to Tangible Book Ratio of today is 0.84.

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

TSX:GFR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.64   Med: 0.66   Max: 0.86
Current: 0.82

During the past 4 years, Greenfire Resources's highest Price to Tangible Book Ratio was 0.86. The lowest was 0.64. And the median was 0.66.

TSX:GFR's Price-to-Tangible-Book is ranked better than
72.29% of 924 companies
in the Oil & Gas industry
Industry Median: 1.32 vs TSX:GFR: 0.82

A closely related ratio is called PB Ratio. As of today, Greenfire Resources's share price is C$7.86. Greenfire Resources's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$9.40. Hence, Greenfire Resources's P/B Ratio of today is 0.84.

Greenfire Resources Price-to-Tangible-Book Historical Data

The historical data trend for Greenfire Resources'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.

Greenfire Resources Price-to-Tangible-Book Chart

Greenfire Resources Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
- - - -

Greenfire Resources Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial - - - - 0.86

Competitive Comparison of Greenfire Resources's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, Greenfire Resources'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.

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

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

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


Greenfire Resources Price-to-Tangible-Book Calculation

Greenfire Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=7.86/9.397
=0.84

* 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.

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.

Greenfire Resources Price-to-Tangible-Book Related Terms

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

Greenfire Resources (TSX:GFR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (TSX:GFR) » Definitions » Price-to-Tangible-Book
Comparable Companies
Traded in Other Exchanges
GFR:USA
Address
1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7
Website
https://www.greenfireres.com
Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.
Executives
Jonathan William Klesch Director
Robert Bahr Logan Director, Senior Officer

Greenfire Resources (TSX:GFR) Headlines

From GuruFocus

Greenfire Resources Ltd. (TSX: GFR) Opens the Market

By PRNewswire • 03-21-2024