Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/B ratio high or low?
The P/B ratio of 2.37 is 181% above its estimated 5-year average of 0.84, around the middle of its estimated 5-year range (0.29–3.70).
As of 2026-10-06T20:37:29.770Z. 1.45% above its estimated 12-month average of 2.34.
Calculation as of: 2026-10-06T20:37:29.770Z.
Quote observation: 2026-10-06T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: f3ad3e2b9e2acb0009530607defbf35efab78f3c1185166636c486cff78b5a84
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
PB RATIO
2.37
PB RATIO AVG TTM
2.34
PB RATIO AVG 3Y
1.26
PB RATIO AVG 5Y
0.84
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+1.45%
CURRENT VS 3Y AVG
+87.71%
CURRENT VS 5Y AVG
+180.54%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
1.98
median of 103 covered companies
CURRENT VS SECTOR MEDIAN
+19.70%
vs the sector median at left
National Energy Services Reunited Corp.
Market Cap
$2.47B
PB Ratio
2.37
TTM Avg
2.34
3Y Avg
1.26
5Y Avg
0.84
Market Cap
$3.17B
PB Ratio
1.79
TTM Avg
1.80
3Y Avg
1.71
5Y Avg
1.71
Market Cap
$1.42B
PB Ratio
2.31
TTM Avg
2.45
3Y Avg
2.43
5Y Avg
230.27
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| National Energy Services Reunited Corp. (NESR) | $2.47B | 2.37 | 2.34 | 1.26 | 0.84 |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.07B | 5.02 | 5.57 | 2.88 | 5.34 |
| Centrus Energy Corp. (LEU)vs › | $2.92B | 3.45 | 9.10 | 12.74 | 12.74 |
| Sunrun Inc. (RUN)vs › | $1.85B | 0.53 | 1.26 | 0.87 | 0.88 |
| Nextdecade Corp (NEXT)vs › | $1.82B | N/A | 9.00 | 7.04 | 11.04 |
| Alliance Resource Partners, L.P. (ARLP)vs › | $3.17B | 1.79 | 1.80 | 1.71 | 1.71 |
| Natural Resource Partners L.P. (NRP)vs › | $1.46B | 2.25 | 2.36 | 2.48 | 2.39 |
| Shoals Technologies Group, Inc. (SHLS)vs › | $1.42B | 2.31 | 2.45 | 2.43 | 230.27 |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.40B | 4.63 | 3.99 | 4.94 | 5.57 |
| HighPeak Energy, Inc. (HPK)vs › | $1.04B | 0.67 | 0.52 | 0.91 | 1.65 |
At 2.37, P/B is above its estimated 9-year median — higher than 94% of readings in its estimated 9-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 9-year low
0.29
median
0.93
estimated 9-year high
3.70
P/B Ratio
2.37
Market Price / Book Value per Share
PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)
The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-10-05 | 2.39 |
| 2026-10-02 | 2.44 |
| 2026-10-01 | 2.47 |
| 2026-09-30 | 2.52 |
| 2026-09-29 | 2.62 |
| 2026-09-28 | 2.95 |
| 2026-09-25 | 3.18 |
| 2026-09-24 | 3.25 |
| 2026-09-23 | 3.25 |
| 2026-09-22 | 3.28 |
| 2026-09-21 | 3.21 |
| 2026-09-18 | 3.23 |
| 2026-09-17 | 3.22 |
| 2026-09-16 | 3.12 |
| 2026-09-15 | 3.18 |
| 2026-09-14 | 3.24 |
| 2026-09-11 | 3.32 |
| 2026-09-10 | 3.35 |
| 2026-09-09 | 3.44 |
| 2026-09-08 | 3.39 |
| 2026-09-04 | 3.44 |
| 2026-09-03 | 3.42 |
| 2026-09-02 | 3.44 |
| 2026-09-01 | 3.44 |
| 2026-08-31 | 3.48 |
| 2026-08-28 | 3.41 |
| 2026-08-27 | 3.47 |
| 2026-08-26 | 3.33 |
| 2026-08-25 | 3.32 |
| 2026-08-24 | 3.31 |
| 2026-08-21 | 3.27 |
| 2026-08-20 | 3.24 |
| 2026-08-19 | 3.32 |
| 2026-08-18 | 3.50 |
| 2026-08-17 | 3.54 |
| 2026-08-14 | 3.60 |
| 2026-08-13 | 3.56 |
| 2026-08-12 | 3.45 |
| 2026-08-11 | 3.57 |
| 2026-08-10 | 3.70 |
| 2026-08-07 | 3.00 |
| 2026-08-06 | 2.98 |
| 2026-08-05 | 2.91 |
| 2026-08-04 | 2.98 |
| 2026-08-03 | 2.87 |
| 2026-07-31 | 2.79 |
| 2026-07-30 | 2.73 |
| 2026-07-29 | 2.52 |
| 2026-07-28 | 2.64 |
| 2026-07-27 | 2.78 |
| 2026-07-24 | 2.86 |
| 2026-07-23 | 2.88 |
| 2026-07-22 | 2.99 |
| 2026-07-21 | 2.94 |
| 2026-07-20 | 2.82 |
| 2026-07-17 | 2.89 |
| 2026-07-16 | 2.88 |
| 2026-07-15 | 2.99 |
| 2026-07-14 | 3.03 |
| 2026-07-13 | 2.92 |
| 2026-07-10 | 2.96 |
| 2026-07-09 | 2.88 |
| 2026-07-08 | 2.81 |
| 2026-07-07 | 2.87 |
| 2026-07-06 | 2.86 |
| 2026-07-02 | 2.89 |
| 2026-07-01 | 2.98 |
| 2026-06-30 | 3.10 |
| 2026-06-29 | 2.95 |
| 2026-06-26 | 2.92 |
| 2026-06-25 | 2.79 |
| 2026-06-24 | 2.60 |
| 2026-06-23 | 2.59 |
| 2026-06-22 | 2.59 |
| 2026-06-18 | 2.54 |
| 2026-06-17 | 2.48 |
| 2026-06-16 | 2.58 |
| 2026-06-15 | 2.70 |
| 2026-06-12 | 2.74 |
| 2026-06-11 | 2.57 |
| 2026-06-10 | 2.43 |
| 2026-06-09 | 2.49 |
| 2026-06-08 | 2.60 |
| 2026-06-05 | 2.47 |
| 2026-06-04 | 2.62 |
| 2026-06-03 | 2.59 |
| 2026-06-02 | 2.56 |
| 2026-06-01 | 2.52 |
| 2026-05-29 | 2.52 |
| 2026-05-28 | 2.51 |
| 2026-05-27 | 2.61 |
| 2026-05-26 | 2.68 |
| 2026-05-22 | 2.66 |
| 2026-05-21 | 2.72 |
| 2026-05-20 | 2.70 |
| 2026-05-19 | 2.63 |
| 2026-05-18 | 2.69 |
| 2026-05-15 | 2.63 |
| 2026-05-14 | 2.69 |
| 2026-05-13 | 2.76 |
| 2026-05-12 | 2.78 |
| 2026-05-11 | 2.69 |
| 2026-05-08 | 2.44 |
| 2026-05-07 | 2.47 |
| 2026-05-06 | 2.62 |
| 2026-05-05 | 2.58 |
| 2026-05-04 | 2.55 |
| 2026-05-01 | 2.61 |
| 2026-04-30 | 2.63 |
| 2026-04-29 | 2.56 |
| 2026-04-28 | 2.64 |
| 2026-04-27 | 2.62 |
| 2026-04-24 | 2.58 |
| 2026-04-23 | 2.49 |
| 2026-04-22 | 2.50 |
| 2026-04-21 | 2.52 |
| 2026-04-20 | 2.48 |
| 2026-04-17 | 2.56 |
| 2026-04-16 | 2.48 |
| 2026-04-15 | 2.45 |
| 2026-04-14 | 2.46 |
| 2026-04-13 | 2.45 |
| 2026-04-10 | 2.43 |
| 2026-04-09 | 2.51 |
| 2026-04-08 | 2.54 |
| 2026-04-07 | 2.29 |
| 2026-04-06 | 2.24 |
| 2026-04-02 | 2.39 |
| 2026-04-01 | 2.33 |
| 2026-03-31 | 2.27 |
| 2026-03-30 | 2.20 |
| 2026-03-27 | 2.27 |
| 2026-03-26 | 2.26 |
| 2026-03-25 | 2.36 |
| 2026-03-24 | 2.34 |
| 2026-03-23 | 2.32 |
| 2026-03-20 | 2.18 |
| 2026-03-19 | 2.22 |
| 2026-03-18 | 2.17 |
| 2026-03-17 | 2.19 |
| 2026-03-16 | 2.18 |
| 2026-03-13 | 2.02 |
| 2026-03-12 | 2.03 |
| 2026-03-11 | 2.16 |
| 2026-03-10 | 2.21 |
| 2026-03-09 | 2.19 |
| 2026-03-06 | 2.20 |
| 2026-03-05 | 2.32 |
| 2026-03-04 | 2.38 |
| 2026-03-03 | 2.46 |
| 2026-03-02 | 2.60 |
| 2026-02-27 | 2.64 |
| 2026-02-26 | 2.65 |
| 2026-02-25 | 2.73 |
| 2026-02-24 | 2.78 |
| 2026-02-23 | 2.74 |
| 2026-02-20 | 2.57 |
| 2026-02-19 | 2.55 |
| 2026-02-18 | 2.60 |
| 2026-02-17 | 2.54 |
| 2026-02-13 | 2.19 |
| 2026-02-12 | 2.16 |
| 2026-02-11 | 2.25 |
| 2026-02-10 | 2.17 |
| 2026-02-09 | 2.20 |
| 2026-02-06 | 2.20 |
| 2026-02-05 | 2.12 |
| 2026-02-04 | 2.15 |
| 2026-02-03 | 2.20 |
| 2026-02-02 | 2.16 |
| 2026-01-30 | 2.07 |
| 2026-01-29 | 2.07 |
| 2026-01-28 | 2.03 |
| 2026-01-27 | 2.10 |
| 2026-01-26 | 2.13 |
| 2026-01-23 | 2.15 |
| 2026-01-22 | 2.12 |
| 2026-01-21 | 2.09 |
| 2026-01-20 | 1.93 |
| 2026-01-16 | 1.91 |
| 2026-01-15 | 1.94 |
| 2026-01-14 | 1.93 |
| 2026-01-13 | 1.87 |
| 2026-01-12 | 1.87 |
| 2026-01-09 | 1.86 |
| 2026-01-08 | 1.86 |
| 2026-01-07 | 1.72 |
| 2026-01-06 | 1.75 |
| 2026-01-05 | 1.70 |
| 2026-01-02 | 1.66 |
| 2025-12-31 | 1.65 |
| 2025-12-30 | 1.65 |
| 2025-12-29 | 1.60 |
| 2025-12-26 | 1.59 |
| 2025-12-24 | 1.59 |
| 2025-12-23 | 1.59 |
| 2025-12-22 | 1.57 |
| 2025-12-19 | 1.55 |
| 2025-12-18 | 1.53 |
| 2025-12-17 | 1.52 |
| 2025-12-16 | 1.52 |
| 2025-12-15 | 1.56 |
| 2025-12-12 | 1.57 |
| 2025-12-11 | 1.57 |
| 2025-12-10 | 1.57 |
| 2025-12-09 | 1.56 |
| 2025-12-08 | 1.52 |
| 2025-12-05 | 1.57 |
| 2025-12-04 | 1.55 |
| 2025-12-03 | 1.55 |
| 2025-12-02 | 1.47 |
| 2025-12-01 | 1.47 |
| 2025-11-28 | 1.47 |
| 2025-11-26 | 1.47 |
| 2025-11-25 | 1.51 |
| 2025-11-24 | 1.51 |
| 2025-11-21 | 1.45 |
| 2025-11-20 | 1.41 |
| 2025-11-19 | 1.47 |
| 2025-11-18 | 1.50 |
| 2025-11-17 | 1.47 |
| 2025-11-14 | 1.45 |
| 2025-11-13 | 1.46 |
| 2025-11-12 | 1.36 |
| 2025-11-11 | 1.39 |
| 2025-11-10 | 1.37 |
| 2025-11-07 | 1.29 |
| 2025-11-06 | 1.29 |
| 2025-11-05 | 1.30 |
| 2025-11-04 | 1.28 |
| 2025-11-03 | 1.31 |
| 2025-10-31 | 1.32 |
| 2025-10-30 | 1.43 |
| 2025-10-29 | 1.47 |
| 2025-10-28 | 1.29 |
| 2025-10-27 | 1.31 |
| 2025-10-24 | 1.29 |
| 2025-10-23 | 1.26 |
| 2025-10-22 | 1.20 |
| 2025-10-21 | 1.21 |
| 2025-10-20 | 1.18 |
| 2025-10-17 | 1.11 |
| 2025-10-16 | 1.10 |
| 2025-10-15 | 1.08 |
| 2025-10-14 | 1.09 |
| 2025-10-13 | 1.07 |
| 2025-10-10 | 1.08 |
| 2025-10-09 | 1.05 |
| 2025-10-08 | 1.07 |
| 2025-10-07 | 1.06 |
| 2025-10-06 | 1.07 |
| 2025-10-03 | 1.07 |
| 2025-10-02 | 1.06 |
| 2025-10-01 | 1.08 |
| 2025-09-30 | 1.07 |
| 2025-09-29 | 1.09 |
| 2025-09-26 | 1.10 |
| 2025-09-25 | 1.09 |
| 2025-09-24 | 1.09 |
| 2025-09-23 | 1.08 |
Showing the most recent 260 of 2,175 data points. The chart above shows the full history.