ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) PB Ratio : 5.15 (As of May. 01, 2024)

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What is ADNOC Drilling Company PJSC PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-01), ADNOC Drilling Company PJSC's share price is د.إ3.86. ADNOC Drilling Company PJSC's Book Value per Share for the quarter that ended in Dec. 2023 was د.إ0.75. Hence, ADNOC Drilling Company PJSC's PB Ratio of today is 5.15.

Good Sign:

ADNOC Drilling Company PJSC stock PB Ratio (=5.13) is close to 1-year low of 4.7

The historical rank and industry rank for ADNOC Drilling Company PJSC's PB Ratio or its related term are showing as below:

ADX:ADNOCDRILL' s PB Ratio Range Over the Past 10 Years
Min: 4.49 Med: 5.27 Max: 5.93
Current: 5.13

During the past 6 years, ADNOC Drilling Company PJSC's highest PB Ratio was 5.93. The lowest was 4.49. And the median was 5.27.

ADX:ADNOCDRILL's PB Ratio is ranked worse than
91.91% of 989 companies
in the Oil & Gas industry
Industry Median: 1.24 vs ADX:ADNOCDRILL: 5.13

During the past 12 months, ADNOC Drilling Company PJSC's average Book Value Per Share Growth Rate was 11.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.30% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of ADNOC Drilling Company PJSC was 0.10% per year. The lowest was -4.70% per year. And the median was -0.60% per year.

Back to Basics: PB Ratio

ADNOC Drilling Company PJSC PB Ratio Historical Data

The historical data trend for ADNOC Drilling Company PJSC's PB Ratio 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.

ADNOC Drilling Company PJSC PB Ratio Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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5.30

4.43

5.05

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial											4.43	5.46	5.11	5.32	5.05

Competitive Comparison of ADNOC Drilling Company PJSC's PB Ratio

For the Oil & Gas Drilling subindustry, ADNOC Drilling Company PJSC's PB Ratio, along with its competitors' market caps and PB Ratio 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.

ADNOC Drilling Company PJSC's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ADNOC Drilling Company PJSC's PB Ratio distribution charts can be found below:

* The bar in red indicates where ADNOC Drilling Company PJSC's PB Ratio falls into.

ADNOC Drilling Company PJSC PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

ADNOC Drilling Company PJSC's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	3.86	/	0.749
	=	5.15

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

ADNOC Drilling Company PJSC PB Ratio Related Terms

Thank you for viewing the detailed overview of ADNOC Drilling Company PJSC's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Headlines

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