As of today (2024-04-29), Dril-Quip's share price is $19.83. Dril-Quip's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $23.92. Hence, Dril-Quip's Price to Tangible Book Ratio of today is 0.83.
The historical rank and industry rank for Dril-Quip's Price-to-Tangible-Book or its related term are showing as below:
DRQ'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.79 Med: 1.3 Max: 2.4
Current: 0.83
During the past 13 years, Dril-Quip's highest Price to Tangible Book Ratio was 2.40. The lowest was 0.79. And the median was 1.30.
DRQ's Price-to-Tangible-Book is ranked better than 72.35% of 926
companies
in the Oil & Gas industry
Industry Median: 1.32
vs DRQ: 0.83
A closely related ratio is called PB Ratio. As of today, Dril-Quip's share price is $19.83. Dril-Quip's Book Value per Sharefor the quarter that ended in Dec. 2023 was $25.63. Hence, Dril-Quip's P/B Ratio of today is 0.77.
Dril-Quip Price-to-Tangible-Book Historical Data
The historical data trend for Dril-Quip'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.
Competitive Comparison of Dril-Quip's Price-to-Tangible-Book
For the Oil & Gas Equipment & Services subindustry, Dril-Quip'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.
Dril-Quip's Price-to-Tangible-Book Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dril-Quip's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Dril-Quip's Price-to-Tangible-Book falls into.
Dril-Quip Price-to-Tangible-Book Calculation
Dril-Quip's price-to-tangible-book ratio for today is calculated as:
* 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.
Dril-Quip Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Dril-Quip's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Dril-Quip Inc. designs, manufactures, sells and services engineered drilling and production equipment for both offshore and onshore applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere (including North and South America), Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East).
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