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Sable Offshore (Sable Offshore) Price-to-Tangible-Book : 0.69 (As of May. 20, 2024)


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What is Sable Offshore Price-to-Tangible-Book?

As of today (2024-05-20), Sable Offshore's share price is $13.75. Sable Offshore's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $19.91. Hence, Sable Offshore's Price to Tangible Book Ratio of today is 0.69.

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

SOC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.27   Med: 1.33   Max: 23.08
Current: 22.92

During the past 4 years, Sable Offshore's highest Price to Tangible Book Ratio was 23.08. The lowest was 1.27. And the median was 1.33.

SOC's Price-to-Tangible-Book is ranked worse than
98.37% of 923 companies
in the Oil & Gas industry
Industry Median: 1.35 vs SOC: 22.92

A closely related ratio is called PB Ratio. As of today, Sable Offshore's share price is $13.75. Sable Offshore's Book Value per Sharefor the quarter that ended in Mar. 2024 was $19.91. Hence, Sable Offshore's P/B Ratio of today is 0.69.

Sable Offshore Price-to-Tangible-Book Historical Data

The historical data trend for Sable Offshore'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.

Sable Offshore Price-to-Tangible-Book Chart

Sable Offshore Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
- 1.27 1.33 19.08

Sable Offshore Quarterly Data
Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only 2.40 2.26 3.79 19.08 -

Competitive Comparison of Sable Offshore's Price-to-Tangible-Book

For the Oil & Gas Drilling subindustry, Sable Offshore'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.

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

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

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


Sable Offshore Price-to-Tangible-Book Calculation

Sable Offshore's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=13.75/19.905
=0.69

* 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.

Sable Offshore Price-to-Tangible-Book Related Terms

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

Sable Offshore (Sable Offshore) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sable Offshore Corp (NYSE:SOC) » Definitions » Price-to-Tangible-Book
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