Diamondback Energy Inc. (NASDAQ:FANG)

The share price of the company exhibited notable volatility over the analyzed period. Starting at $22.34 in early 2013, it experienced a strong upward trend reaching a peak of $125.15 in early 2018. Following this peak, a significant decline occurred, with the share price dropping to $59.48 by early 2020. Subsequently, the price showed some recovery, ending at $127.89 in early 2022, which represents the highest value in the stated timeframe.

The book value per share (BVPS) demonstrated a consistent growth trend from $12.49 in early 2013 to $83.7 in early 2020. However, a notable decrease to $55.65 occurred in early 2021, followed by a recovery to $68.13 in early 2022. Overall, this indicates substantial growth in the company's net asset value per share over the decade, despite some fluctuations in the latter years.

The price-to-book value ratio (P/BV) reflects the market's valuation relative to the company's book value. This ratio started at 1.79 in 2013, climbed sharply to a peak of 3.4 in early 2014, and then declined gradually to a low of 0.71 by early 2020. This trough suggests that the market price had fallen below the book value during this period, indicating a potential undervaluation or market concerns. The P/BV then increased again, ending at 1.88 in early 2022, which shows a normalization towards a valuation slightly above the book value.

In summary, the data reveals a company that experienced significant growth in intrinsic value over the period, accompanied by considerable fluctuations in market valuation. The share price and market perception showed high volatility, particularly around 2020, while the underlying book value exhibited more steady growth with some recent volatility. The P/BV ratio indicates shifts in investor confidence and market valuation relative to the company’s net assets.