Parex Resources Inc
TSX:PXT
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (0.8), the stock would be worth CA$21.85 (19% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.9 | CA$26.88 |
0%
|
| 3-Year Average | 0.8 | CA$21.85 |
-19%
|
| 5-Year Average | 1 | CA$29.67 |
+10%
|
| Industry Average | 1.7 | CA$46.97 |
+75%
|
| Country Average | 2.7 | CA$75.69 |
+182%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Parex Resources Inc
TSX:PXT
|
2.6B CAD | 0.9 | 7.2 | |
| CN |
C
|
CNOOC Ltd
SSE:600938
|
1T CNY | 1.3 | 8.6 | |
| US |
|
Conocophillips
NYSE:COP
|
149.2B USD | 2.3 | 18.7 | |
| CA |
|
Canadian Natural Resources Ltd
TSX:CNQ
|
129.5B CAD | 2.8 | 11.5 | |
| US |
|
EOG Resources Inc
NYSE:EOG
|
71.6B USD | 2.4 | 14.4 | |
| PK |
O
|
Oil and Gas Development Co Ltd
LSE:37OC
|
59.6B USD | 12 | 103.8 | |
| US |
|
Diamondback Energy Inc
NASDAQ:FANG
|
55.4B USD | 1.5 | 33.5 | |
| US |
|
Hess Corp
NYSE:HES
|
46.1B USD | 4 | 20.7 | |
| US |
P
|
Pioneer Natural Resources Co
LSE:0KIX
|
46B USD | 2 | 9.4 | |
| AU |
|
Woodside Energy Group Ltd
ASX:WDS
|
62B AUD | 1.2 | 15.4 | |
| US |
V
|
Venture Global Inc
NYSE:VG
|
38.5B USD | 3.5 | 13 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.6 |
| Median | 2.7 |
| 70th Percentile | 4.9 |
| Max | 1 402.4 |
Other Multiples
Parex Resources Inc
Glance View
Parex Resources, Inc. engages in the exploration, development, and production of crude oil. The company is headquartered in Calgary, Alberta and currently employs 371 full-time employees. The company went IPO on 2009-11-12. The firm through its foreign subsidiaries holds interests in onshore exploration and production blocks totaling approximately two million gross acres over 24 onshore blocks in Colombia’s Llanos and Magdalena Basins.
