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TXO Partners LP (TXO Partners LP) Price-to-Tangible-Book : 1.36 (As of May. 12, 2024)


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What is TXO Partners LP Price-to-Tangible-Book?

As of today (2024-05-12), TXO Partners LP's share price is $20.65. TXO Partners LP's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $15.15. Hence, TXO Partners LP's Price to Tangible Book Ratio of today is 1.36.

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

TXO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.91   Med: 1   Max: 1.36
Current: 1.36

During the past 4 years, TXO Partners LP's highest Price to Tangible Book Ratio was 1.36. The lowest was 0.91. And the median was 1.00.

TXO's Price-to-Tangible-Book is ranked better than
50.16% of 929 companies
in the Oil & Gas industry
Industry Median: 1.36 vs TXO: 1.36

A closely related ratio is called PB Ratio. As of today, TXO Partners LP's share price is $20.65. TXO Partners LP's Book Value per Sharefor the quarter that ended in Mar. 2024 was $15.15. Hence, TXO Partners LP's P/B Ratio of today is 1.36.

TXO Partners LP Price-to-Tangible-Book Historical Data

The historical data trend for TXO Partners LP'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.

TXO Partners LP Price-to-Tangible-Book Chart

TXO Partners LP Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
- - - 1.18

TXO Partners LP Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 0.97 0.91 1.18 1.19

Competitive Comparison of TXO Partners LP's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, TXO Partners LP'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.

TXO Partners LP's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TXO Partners LP's Price-to-Tangible-Book falls into.


TXO Partners LP Price-to-Tangible-Book Calculation

TXO Partners LP's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=20.65/15.146
=1.36

* 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.

TXO Partners LP Price-to-Tangible-Book Related Terms

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

TXO Partners LP (TXO Partners LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TXO Partners LP (NYSE:TXO) » Definitions » Price-to-Tangible-Book
Comparable Companies
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Traded in Other Exchanges
7OJ:Germany
Address
400 West 7th Street, Fort Worth, TX, USA, 76102
Website
https://www.txopartners.com
TXO Partners LP is focused on the acquisition, development, optimization and exploitation of oil, natural gas, and natural gas liquid reserves in North America.
Executives
Phillip R Kevil director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
King Luther Capital Management Corp 10 percent owner 301 COMMERCE SUITE 1600, FORT WORTH TX 76102
Bob R Simpson director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Keith A Hutton director, 10 percent owner, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Adams William H Iii director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Global Endowment Management, Lp 10 percent owner 224 W TREMONT AVE, CHARLOTTE NC 28203
Lkcm Investment Partnership, L.p. 10 percent owner 301 COMMERCE STREET, SUITE 1600, FORT WORTH TX 76102
Lkcm Private Discipline Master Fund, Spc 10 percent owner PO BOX 309GT, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 00000
King J Luther Jr director, 10 percent owner, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102
Brent W. Clum director, officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Scott T. Agosta officer: See Remarks, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 W. 7TH STREET, FORT WORTH TX 76102
Richard Jacob Settle director, other: See Remarks C/O MORNINGSTAR PARTNERS, L.P., 400 WEST 7TH STREET, FORT WORTH TX 76102