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New Fortress Energy (New Fortress Energy) Price-to-Tangible-Book : 7.15 (As of Jun. 04, 2024)


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What is New Fortress Energy Price-to-Tangible-Book?

As of today (2024-06-04), New Fortress Energy's share price is $23.81. New Fortress Energy's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $3.33. Hence, New Fortress Energy's Price to Tangible Book Ratio of today is 7.15.

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

NFE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.62   Med: 9.53   Max: 160.04
Current: 7.15

During the past 8 years, New Fortress Energy's highest Price to Tangible Book Ratio was 160.04. The lowest was 5.62. And the median was 9.53.

NFE's Price-to-Tangible-Book is ranked worse than
94.67% of 469 companies
in the Utilities - Regulated industry
Industry Median: 1.77 vs NFE: 7.15

A closely related ratio is called PB Ratio. As of today, New Fortress Energy's share price is $23.81. New Fortress Energy's Book Value per Sharefor the quarter that ended in Mar. 2024 was $8.15. Hence, New Fortress Energy's P/B Ratio of today is 2.92.


New Fortress Energy Price-to-Tangible-Book Historical Data

The historical data trend for New Fortress Energy'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.

New Fortress Energy Price-to-Tangible-Book Chart

New Fortress Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial 15.73 29.16 5.62 20.73 9.53

New Fortress Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.64 9.90 11.35 9.53 9.19

Competitive Comparison of New Fortress Energy's Price-to-Tangible-Book

For the Utilities - Regulated Gas subindustry, New Fortress Energy'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.


New Fortress Energy's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, New Fortress Energy's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where New Fortress Energy's Price-to-Tangible-Book falls into.



New Fortress Energy Price-to-Tangible-Book Calculation

New Fortress Energy's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=23.81/3.33
=7.15

* 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:

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.


New Fortress Energy Price-to-Tangible-Book Related Terms

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


New Fortress Energy (New Fortress Energy) Business Description

Traded in Other Exchanges
Address
111 W. 19th Street, 8th Floor, New York, NY, USA, 10011
New Fortress Energy is an integrated gas-to-power company. Its business model spans the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and conversion or development of a natural gas-fired generation. It has invested in floating, liquefied natural gas vessels to both lower the cost of acquiring gas while securing a long-term supply for its terminals. Its segments include terminals and infrastructure, or T&I, and ships.
Executives
Desmond Iain Catterall director C/O NEW FORTRESS ENERGY HOLDINGS, 111 WEST 19TH STREET 8TH FLOOR, NEW YORK NY 10011
Timothy W. Jay director 111 W 19TH STREET, 8TH FLOOR, NEW YORK NY 10011
Matthew Wilkinson director C/O NEW FORTRESS ENERGY HOLDINGS, 111 WEST 19TH STREET 8TH FLOOR, NEW YORK NY 10011
C. William Griffin director C/O NEW FORTRESS ENERGY HOLDINGS, 111 WEST 19TH STREET 8TH FLOOR, NEW YORK NY 10011
Katherine Wanner director C/O NEW FORTRESS ENERGY HOLDINGS, 111 WEST 19TH STREET 8TH FLOOR, NEW YORK NY 10011
Nfe Smrs Holdings Llc 10 percent owner 10 STATION PLACE, P.O. BOX 233, NORFOLK CT 06058
Yunyoung Shin officer: Chief Accounting Officer C/O NEW FORTRESS ENERGY, 111 WEST 19TH STREET, 8TH FLOOR, NEW YORK NY 10011
John J Mack director C/O MORGAN STANLEY 1585 BROADWAY, NEW YORK NY 10036
Lynn Edens 10 percent owner C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Edens Family Holdings Llc 10 percent owner C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Alexander Thomson 10 percent owner 10 STATION PLACE, P.O. BOX 233, NORFOLK CT 06058
Jonathan Rotolo 10 percent owner 10 STATION PLACE, P.O. BOX 233, NORFOLK CT 06058
Great Mountain Partners Llc 10 percent owner 157 CHURCH STREET, 20TH FLOOR, NEW HAVEN CT 06510
David J Grain director C/O MOTIENT CORPORATION, 300 KNIGHTSBRIDGE PARKWAY, LINCOLNSHIRE IL 60069
Wesley R Edens director, officer: Chief Executive Officer 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105