The historical rank and industry rank for Independence Contract Drilling's Price-to-Tangible-Book or its related term are showing as below:
ICD'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.02 Med: 0.38 Max: 1.26
Current: 0.14
During the past 12 years, Independence Contract Drilling's highest Price to Tangible Book Ratio was 1.26. The lowest was 0.02. And the median was 0.38.
ICD's Price-to-Tangible-Book is ranked better than 98.17% of 929
companies
in the Oil & Gas industry
Industry Median: 1.36
vs ICD: 0.14
* 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 Independence Contract Drilling's Price-to-Tangible-Book
For the Oil & Gas Drilling subindustry, Independence Contract Drilling'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.
Independence Contract Drilling's Price-to-Tangible-Book Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Independence Contract Drilling's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Independence Contract Drilling's Price-to-Tangible-Book falls into.
* 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.
Independence Contract Drilling Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Independence Contract Drilling's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Independence Contract Drilling (Independence Contract Drilling) Business Description
Independence Contract Drilling Inc is engaged in providing land-based contract drilling services for oil and natural gas producers. The company constructs its own and operates a premium land rig fleet. It develops and assembles its ShaleDriller series rig which is used for the development of oil and gas properties. The company's customers for contract drilling services in the United States include oil and natural gas companies, independent oil and natural gas companies, as well as various small to mid-sized publicly traded and privately held oil and gas companies.
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