Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Paying user area
Try for free
Diamondback Energy Inc. pages available for free this week:
- Balance Sheet: Assets
- Cash Flow Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Sales (P/S) since 2012
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Diamondback Energy Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Historical Valuation Ratios (Summary)
Diamondback Energy Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
- Price to earnings (P/E) ratio
- The Price to Earnings ratio shows a variable trend across the observed periods. Early data starting from March 2017 is unavailable, but from March 2018 onwards, the ratio generally declined from highs around 25 to a low near 6 in late 2022. Notably, it peaked significantly at 39.23 in December 2019 before a period of missing data. In 2021, the ratio rebounded to a high of 46.32 but then decreased sharply by the end of 2022 to values below 7. This indicates fluctuating investor sentiment and earnings performance, with periodic spikes suggesting transient optimism or earnings volatility.
- Price to operating profit (P/OP) ratio
- The Price to Operating Profit ratio mirrors the downward movement observed in the P/E ratio. Starting from 20.31 in March 2018, it declined steadily to around 3.44 by December 2022. There is a notable dip around late 2019 and subsequently missing data before resuming a downward trend. This pattern suggests an improvement in operating profitability relative to price or a reduction in valuation multiples, aligning with challenges in the broader market or company-specific operational dynamics.
- Price to sales (P/S) ratio
- The Price to Sales ratio exhibits a consistent decrease from approximately 10.36 in March 2018 to a low near 1.34 in late 2020, signifying a strong contraction in valuation relative to sales. Subsequently, the ratio shows a moderate rebound to around 5.01 in mid-2021, followed by volatility that settles between 2.33 and 3.72 by late 2022. This fluctuation may reflect changing revenue growth prospects or market revaluation based on sales performance.
- Price to book value (P/BV) ratio
- The Price to Book Value ratio reveals a general decreasing trend from roughly 2.36 in early 2018 to a trough of about 0.43 in September 2020. After this low point, the ratio recovers significantly, reaching over 2.08 by September 2022. This pattern indicates a period of undervaluation relative to book value followed by a recovery, possibly due to improved asset performance, market confidence, or adjustments in the company’s book value.
Price to Earnings (P/E)
Diamondback Energy Inc., historical P/E calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to Diamondback Energy, Inc. (in millions) | ||||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/E ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Chevron Corp. | ||||||||||||||||||||||||||||||
| ConocoPhillips | ||||||||||||||||||||||||||||||
| Exxon Mobil Corp. | ||||||||||||||||||||||||||||||
| Occidental Petroleum Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2022 Calculation
EPS
= (Net income (loss) attributable to Diamondback Energy, Inc.Q3 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q2 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q1 2022
+ Net income (loss) attributable to Diamondback Energy, Inc.Q4 2021)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Diamondback Energy Inc. Quarterly or Annual Report.
4 Q3 2022 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several notable trends concerning the share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the observed periods.
- Share Price Trend
- The share price exhibited an overall upward trajectory from March 2017 to December 2018, rising from $95.21 to a peak of $131.15 in June 2018 before experiencing a gradual decline through 2019 and early 2020, reaching a low of $26.20 in September 2020. From this trough, the share price demonstrated a strong recovery trend, increasing steadily to $163.55 by September 2022, indicating renewed investor confidence or improving market conditions in the later periods.
- Earnings Per Share (EPS) Pattern
- EPS data start from March 2018 and show growth from 4.91 to 6.45 by December 2018, reflecting profit expansion. However, this positive trend reversed sharply in 2020, with EPS turning negative and reaching a nadir of -28.59 in December 2020, which marks a significant earnings deterioration, possibly due to external economic challenges or operational setbacks. Subsequently, EPS improved substantially through 2021 and 2022, recovering to a positive 24.89 by September 2022, suggesting strong operational recovery or improved profitability.
- P/E Ratio Insights
- The P/E ratio fluctuated noticeably, starting at 25.48 in March 2018 and gradually declining to a low of 11.98 by December 2019, implying either rising earnings or a declining share price relative to earnings. The ratio then surged to 39.23 by March 2020, coinciding with the onset of the earnings decline, indicating that share prices initially did not adjust downward proportionately to the earnings drop. Data for subsequent quarters in 2020 and early 2021 are missing, but from March 2021 onward, the P/E ratio shows wide variability, peaking at 46.32 in March 2021 before decreasing to single digits (5.47 in June 2022 and 6.57 in September 2022), reflecting recovering earnings that have outpaced share price increases during this period.
Overall, the financial data depict a cycle of growth pre-2020, severe earnings challenges amid 2020, and a strong recovery phase through 2021 and 2022 as reflected by improving EPS and share price, accompanied by a normalization of the P/E ratio. These dynamics likely mirror significant shifts in operational performance and market conditions influencing investor valuation.
Price to Operating Profit (P/OP)
Diamondback Energy Inc., historical P/OP calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Income (loss) from operations (in millions) | ||||||||||||||||||||||||||||||
| Operating profit per share2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/OP ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Chevron Corp. | ||||||||||||||||||||||||||||||
| ConocoPhillips | ||||||||||||||||||||||||||||||
| Exxon Mobil Corp. | ||||||||||||||||||||||||||||||
| Occidental Petroleum Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2022 Calculation
Operating profit per share
= (Income (loss) from operationsQ3 2022
+ Income (loss) from operationsQ2 2022
+ Income (loss) from operationsQ1 2022
+ Income (loss) from operationsQ4 2021)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Diamondback Energy Inc. Quarterly or Annual Report.
4 Q3 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price demonstrated a general upward trend from early 2017 through the first quarter of 2018, peaking near $131.15 in June 2018. Following this peak, a gradual decline occurred through the end of 2019, with the price dropping to $59.48 by December 2019. The decline accelerated markedly in 2020, reaching a low of $26.20 in September 2020. Beginning late 2020 and continuing through 2022, the share price experienced a significant recovery, rising steadily to reach a high of $163.55 in September 2022.
- Operating Profit Per Share
- Operating profit per share data is available starting March 31, 2017. Initially, the metric showed an upward trajectory, increasing from $6.16 in March 2017 to a high of $10.17 by December 2017. This was followed by a period of moderate fluctuations with values generally between $6.15 and $7.94 throughout 2018 and 2019. The year 2020 marked a sharp downturn, with operating profits per share turning negative and hitting a low of -$32.37 in December 2020. Subsequent quarters reveal a recovery phase beginning in 2021, with operating profits per share rising from -$2.63 in the first quarter to $37.29 by September 2022, the highest level recorded in the observed period.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio was recorded starting in March 2017. Initially, it stood at 20.31 and showed a decreasing trend through 2017 and 2018, reaching 11.40 by December 2017 and further declining to 9.72 by December 2019. The ratio’s data during 2020 is incomplete, but the subsequent available figures indicate a consistent decline during 2021 and 2022, reaching a low of 3.44 in December 2021 before slightly increasing to 4.39 by September 2022. The decreasing P/OP ratio over the years indicates an improving valuation in relation to operating profit, particularly evident during the recovery phase post-2020.
- Overall Observations
- The data indicate that the company faced significant challenges around 2020, reflected in the sharp decline in share price and negative operating profit per share. However, from late 2020 onwards, there is strong evidence of recovery and improvement in financial performance, as shown by rising operating profits per share and a corresponding increase in share price. The trends in the P/OP ratio suggest that the market valuation has become more favorable relative to operating profits during the recovery period, implying improved investor confidence and operational efficiency.
Price to Sales (P/S)
Diamondback Energy Inc., historical P/S calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Revenue from contracts with customers (in millions) | ||||||||||||||||||||||||||||||
| Sales per share2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/S ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Chevron Corp. | ||||||||||||||||||||||||||||||
| ConocoPhillips | ||||||||||||||||||||||||||||||
| Exxon Mobil Corp. | ||||||||||||||||||||||||||||||
| Occidental Petroleum Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2022 Calculation
Sales per share
= (Revenue from contracts with customersQ3 2022
+ Revenue from contracts with customersQ2 2022
+ Revenue from contracts with customersQ1 2022
+ Revenue from contracts with customersQ4 2021)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Diamondback Energy Inc. Quarterly or Annual Report.
4 Q3 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price
- The share price exhibited an initial upward trend from March 2017 through the end of 2017, increasing from approximately $95 to a peak of around $125. This was followed by a period of volatility and decline through 2019 and early 2020, reaching a low point near $26 in September 2020. Beginning in late 2020, the share price showed a strong recovery, climbing steadily through 2021 and 2022, ultimately reaching approximately $164 by September 2022.
- Sales Per Share
- Sales per share data is not available until the first quarter of 2018. Initially, sales per share increased steadily from $12.08 in March 2018 to a high point near $24.89 in June 2020. After this peak, sales per share declined to approximately $16.82 by December 2020. However, starting from early 2021, sales per share showed a consistent upward trajectory, reaching above $54 by the third quarter of 2022.
- Price-to-Sales (P/S) Ratio
- The P/S ratio started relatively high in early 2018 at around 10.36, then steadily decreased over the following two years, hitting a trough near 1.34 in June 2020. This decline indicates that the share price decreased relative to sales per share during that period. Starting mid-2020, the P/S ratio saw fluctuations without a clear trend but generally remained lower than the initial values, oscillating between approximately 2 and 5 through 2021 and 2022. This suggests a moderation in valuation multiples relative to sales compared to earlier periods.
- Overall Trends and Insights
- The share price and sales per share exhibit a general positive correlation, with sales growth contributing to price appreciation in the long term. The sharp decline in share price during 2019 and 2020, despite increasing sales up to mid-2020, resulted in significant compression of the P/S ratio, indicating possible market concerns or external factors affecting valuation independently from sales performance. The subsequent recovery in share price post-2020 aligns with rising sales per share and an increase in valuation multiples, suggesting improved market sentiment and stronger financial performance. The data reflects periods of volatility and recovery, with a notable rebound in both share price and sales per share in 2021 and 2022.
Price to Book Value (P/BV)
Diamondback Energy Inc., historical P/BV calculation (quarterly data)
| Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||
| Total Diamondback Energy, Inc. stockholders’ equity (in millions) | ||||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | ||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||
| P/BV ratio4 | ||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||||
| Chevron Corp. | ||||||||||||||||||||||||||||||
| ConocoPhillips | ||||||||||||||||||||||||||||||
| Exxon Mobil Corp. | ||||||||||||||||||||||||||||||
| Occidental Petroleum Corp. | ||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2022 Calculation
BVPS = Total Diamondback Energy, Inc. stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Diamondback Energy Inc. Quarterly or Annual Report.
4 Q3 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price
- The share price exhibited significant variability over the analyzed periods. It started at $95.21 in March 2017, generally increasing to a peak of $131.15 in June 2018 before declining steadily to a low point of $26.20 by September 2020. Following this trough, there was a marked recovery, with the share price rising sharply to $163.55 by September 2022. This pattern indicates a period of moderate growth, a substantial decline likely influenced by adverse market or sector conditions, followed by a robust rebound.
- Book Value per Share (BVPS)
- The book value per share showed a generally upward trend from $47.41 in March 2017 to $83.34 by December 2018, reflecting accumulation of net assets or retained earnings. However, this was followed by a decline to $55.65 by December 2020, suggesting potential asset write-downs, increased liabilities, or losses during this timeframe. From 2021 onwards, BVPS gradually increased again, reaching $78.65 by September 2022, indicating recovery and rebuilding of equity base.
- Price-to-Book Value Ratio (P/BV)
- The P/BV ratio started around 2.01 in March 2017, indicating the market valued the shares at approximately twice the book value. This ratio declined steadily through late 2019 and 2020, reaching a low of 0.43 in September 2020, demonstrating significant market undervaluation relative to book value during this period. From late 2020 onwards, the P/BV ratio recovered and rose above 2.0 by September 2022, showing renewed investor confidence and a premium valuation compared to book value.
- Overall Insights
- Over the full period, the data reveal distinct phases: an initial growth phase from 2017 to mid-2018, followed by a sharp downturn culminating in 2020, likely influenced by broader economic conditions or sector-specific challenges. The recovery phase post-2020 is pronounced, with both share price and P/BV ratio rebounding strongly, while BVPS also recovers more moderately. The alignment of rising share prices and improving valuation multiples suggests improved market sentiment and financial performance in the latter periods.