Price to Book is defined as:
Price/Book = Market Cap / Common Equity
Applying this formula, NewMed Energy - Limited Partnership’s Price/Book is calculated below:
Market Capitalization [ NA ]
(/) Common Equity [ NA ]
(=) Price/Book [ 2.3x ]
Price / Book (P/B) also known as the price-to-book ratio, or P/B ratio, is a financial ratio that compares a company’s current market cap to its book value. It is the inverse of Book to Market and the same as Market Cap / Book Value.
The tables below summarizes the trend in NewMed Energy - Limited Partnership’s price/book over the last five years:
| Date |
Market Cap |
Book Value |
Price/Book |
| 2020-12-31 |
NA |
NA |
1.4 |
| 2021-12-31 |
NA |
NA |
2.3 |
| 2022-12-31 |
NA |
NA |
2.2 |
| 2023-12-31 |
NA |
NA |
2.3 |
| 2024-12-31 |
NA |
NA |
2.3 |
Click the link below to download a spreadsheet with an example Basic EPS (Cont. Ops) calculation for Newmed Energy LP below: