ADNOC Gas (ADX:ADNOCGAS) Price-to-Tangible-Book : 2.89 (As of May. 16, 2024)

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What is ADNOC Gas Price-to-Tangible-Book?

As of today (2024-05-16), ADNOC Gas's share price is د.إ3.07. ADNOC Gas's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was د.إ1.06. Hence, ADNOC Gas's Price to Tangible Book Ratio of today is 2.89.

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

ADX:ADNOCGAS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.85 Med: 2.91 Max: 2.91
Current: 2.9

During the past 3 years, ADNOC Gas's highest Price to Tangible Book Ratio was 2.91. The lowest was 2.85. And the median was 2.91.

ADX:ADNOCGAS's Price-to-Tangible-Book is ranked worse than
79.89% of 925 companies
in the Oil & Gas industry
Industry Median: 1.35 vs ADX:ADNOCGAS: 2.90

A closely related ratio is called PB Ratio. As of today, ADNOC Gas's share price is د.إ3.07. ADNOC Gas's Book Value per Sharefor the quarter that ended in Dec. 2023 was د.إ1.07. Hence, ADNOC Gas's P/B Ratio of today is 2.88.

ADNOC Gas Price-to-Tangible-Book Historical Data

The historical data trend for ADNOC Gas'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.

ADNOC Gas Price-to-Tangible-Book Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Price-to-Tangible-Book

2.91

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Price-to-Tangible-Book	-	-	2.91

Competitive Comparison of ADNOC Gas's Price-to-Tangible-Book

For the Oil & Gas Integrated subindustry, ADNOC Gas'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.

ADNOC Gas's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ADNOC Gas's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where ADNOC Gas's Price-to-Tangible-Book falls into.

ADNOC Gas Price-to-Tangible-Book Calculation

ADNOC Gas's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.07	/	1.062
	=	2.89

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

ADNOC Gas Price-to-Tangible-Book Related Terms

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

ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corniche Road West, P.O. Box 898, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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