Ring Energy, Inc.REINYSE
LOADING
|||
PB Ratio: Discounted Valuation
Trending lower, below historical average, structural decline.
Left:
||||
Price-to-book ratio
Latest
0.31
↓ 60% below average
Average (9y)
0.78
Historical baseline
Range
High:2.00
Low:0.16
CAGR
-12.7%
Structural decline
| Period | Value | Change |
|---|---|---|
| 2024 | 0.31 | -11.4% |
| 2023 | 0.35 | -21.6% |
| 2022 | 0.45 | -40.1% |
| 2021 | 0.75 | +361.9% |
| 2020 | 0.16 | -51.4% |
| 2019 | 0.34 | -48.6% |
| 2018 | 0.65 | -67.4% |
| 2017 | 2.00 | +15.7% |
| 2016 | 1.73 | +62.3% |
| 2015 | 1.07 | - |