Enterprise Products Partners LP PB Ratio Definition
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 (2024-04-24), Enterprise Products Partners LP's share price is $29.05. Enterprise Products Partners LP's Book Value per Share for the quarter that ended in Dec. 2023 was $12.76. Hence, Enterprise Products Partners LP's PB Ratio of today is 2.28.
Good Sign:
Enterprise Products Partners LP stock PB Ratio (=2.27) is close to 1-year low of 2.06
The historical rank and industry rank for Enterprise Products Partners LP's PB Ratio or its related term are showing as below:
EPD'
s PB Ratio Range Over the Past 10 Years
Min: 1.23 Med: 2.48 Max: 4.96
Current: 2.28
During the past 13 years, Enterprise Products Partners LP's highest PB Ratio was 4.96. The lowest was 1.23. And the median was 2.48.
EPD's PB Ratio is ranked worse than 76.46% of 990
companies
in the Oil & Gas industry
Industry Median: 1.23
vs EPD: 2.28
During the past 12 months, Enterprise Products Partners LP's average Book Value Per Share Growth Rate was 4.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Enterprise Products Partners LP was 65.90% per year. The lowest was -40.10% per year. And the median was 2.80% per year.
Back to Basics: PB Ratio
Enterprise Products Partners LP PB Ratio Historical Data
The historical data trend for Enterprise Products Partners LP'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.
Competitive Comparison of Enterprise Products Partners LP's PB Ratio
For the Oil & Gas Midstream subindustry, Enterprise Products Partners LP'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.
Enterprise Products Partners LP's PB Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Enterprise Products Partners LP's PB Ratio distribution charts can be found below:
* The bar in red indicates where Enterprise Products Partners LP's PB Ratio falls into.
Enterprise Products Partners LP 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.
Enterprise Products Partners LP'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.
Enterprise Products Partners LP (NYSE:EPD) PB Ratio Explanation
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.
Enterprise Products Partners LP PB Ratio Related Terms
Thank you for viewing the detailed overview of Enterprise Products Partners LP's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Enterprise Products Partners LP (Enterprise Products Partners LP) Business Description
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the Lower 48 states. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
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