Argeo AS (OSL:ARGEO) Price-to-Tangible-Book : 2.34 (As of May. 15, 2024)

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What is Argeo AS Price-to-Tangible-Book?

As of today (2024-05-15), Argeo AS's share price is kr2.94. Argeo AS's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was kr1.26. Hence, Argeo AS's Price to Tangible Book Ratio of today is 2.34.

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

OSL:ARGEO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.52 Med: 1.38 Max: 3.39
Current: 2.33

During the past 5 years, Argeo AS's highest Price to Tangible Book Ratio was 3.39. The lowest was 0.52. And the median was 1.38.

OSL:ARGEO's Price-to-Tangible-Book is ranked worse than
73.89% of 927 companies
in the Oil & Gas industry
Industry Median: 1.36 vs OSL:ARGEO: 2.33

A closely related ratio is called PB Ratio. As of today, Argeo AS's share price is kr2.94. Argeo AS's Book Value per Sharefor the quarter that ended in Sep. 2023 was kr1.65. Hence, Argeo AS's P/B Ratio of today is 1.79.

Argeo AS Price-to-Tangible-Book Historical Data

The historical data trend for Argeo AS'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.

Argeo AS Price-to-Tangible-Book Chart

Argeo AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

1.62

0.52

Argeo AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial											0.90	0.52	0.63	1.70	3.39

Competitive Comparison of Argeo AS's Price-to-Tangible-Book

For the Oil & Gas Equipment & Services subindustry, Argeo AS'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.

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

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

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

Argeo AS Price-to-Tangible-Book Calculation

Argeo AS's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	2.94	/	1.259
	=	2.34

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.

Argeo AS Price-to-Tangible-Book Related Terms

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

Argeo AS (OSL:ARGEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Argeo AS (OSL:ARGEO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nye Vakasvei 14, Hvalstad, Norge, NOR, 1395

Website

https://www.argeo.no

Argeo AS offers the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. This company is equipped with individual sensors and digital imaging technology, these autonomous underwater vehicles increase efficiency and imaging quality, in addition, to contributing to substantially reducing CO2 emissions from operations. The company's digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas, and Deep Sea Minerals.

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