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 (2024-04-27), NextDecade's share price is $6.40. NextDecade's Book Value per Share for the quarter that ended in Dec. 2023 was $1.12. Hence, NextDecade's PB Ratio of today is 5.70.
The historical rank and industry rank for NextDecade's PB Ratio or its related term are showing as below:
NEXT'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 61.33
Current: 5.71
During the past 10 years, NextDecade's highest PB Ratio was 61.33. The lowest was 0.00. And the median was 0.00.
NEXT's PB Ratio is ranked worse than 92.43% of 991
companies
in the Oil & Gas industry
Industry Median: 1.23
vs NEXT: 5.71
During the past 12 months, NextDecade's average Book Value Per Share Growth Rate was 196.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 29.80% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of NextDecade was 685.70% per year. The lowest was -53.10% per year. And the median was -19.10% per year.
Back to Basics: PB Ratio
NextDecade PB Ratio Historical Data
The historical data trend for NextDecade'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.
For the Oil & Gas E&P subindustry, NextDecade'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.
NextDecade's PB Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NextDecade's PB Ratio distribution charts can be found below:
* The bar in red indicates where NextDecade's PB Ratio falls into.
NextDecade 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.
NextDecade's PB Ratio for today is calculated as follows:
* 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 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.
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.
NextDecade PB Ratio Related Terms
Thank you for viewing the detailed overview of NextDecade's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
NextDecade Corp is a development and management company. It focuses on land-based and floating LNG projects, creating opportunities in the integrated natural gas industry. NextDecade provides a number of services depending on the individual needs of the customer. These include the supply and trade of LNG volumes, the creation of new natural gas infrastructure including pipeline and natural gas liquefaction facilities, treatment and processing of natural gas into LNG, as well as technical engineering and design services related to the development and execution of natural gas infrastructure, transporting, shipping and storage of LNG. All the operation generally function through the region of Texas, U.S.
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