Price to Book Value (P/BV)
since 2021
Calculation
Expand Energy Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2025 | 1.36 | = | 102.43 | ÷ | 75.48 | 75.48 | = | 17,565 | ÷ | 232,699,939 | |
| Feb 21, 2024 | 1.02 | = | 83.85 | ÷ | 82.03 | 82.03 | = | 10,729 | ÷ | 130,794,770 | |
| Feb 22, 2023 | 1.18 | = | 79.70 | ÷ | 67.73 | 67.73 | = | 9,124 | ÷ | 134,719,821 | |
| Feb 24, 2022 | 1.48 | = | 70.91 | ÷ | 47.83 | 47.83 | = | 5,671 | ÷ | 118,558,307 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Expand Energy Corp. Annual Report.
The analysis of valuation metrics reveals a fluctuating relationship between the market price and the intrinsic book value of the equity from February 2022 through February 2025. While the share price exhibited a consistent upward trajectory, the book value per share experienced a period of expansion followed by a recent contraction, leading to volatility in the price-to-book value (P/BV) ratio.
- Share Price Performance
- A steady growth pattern is observed in the share price, which rose from 70.91 US$ in February 2022 to 102.43 US$ by February 2025. This continuous appreciation indicates sustained positive market sentiment over the analyzed period.
- Book Value Per Share (BVPS) Trends
- BVPS showed significant growth for the first three years, increasing from 47.83 US$ in 2022 to a peak of 82.03 US$ in February 2024. However, this trend reversed in the final period, with a decline to 75.48 US$ in February 2025.
- Price to Book Value (P/BV) Interpretation
- The P/BV ratio followed a downward trend from 1.48 in 2022 to 1.02 in 2024, suggesting that the growth in the company's book value outpaced the growth in its market price during that interval. By February 2025, the ratio rebounded to 1.36, a shift driven by the combination of a continuing increase in share price and a decrease in the book value per share.
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Comparison to Competitors
Expand Energy Corp., P/BV, long-term trends, comparison to competitors
| Expand Energy Corp. | Chevron Corp. | ConocoPhillips | ExxonMobil Holdings Corp. | |
|---|---|---|---|---|
| Feb 26, 2025 | 1.36 | 1.81 | 1.91 | 1.81 |
| Feb 21, 2024 | 1.02 | 1.78 | 2.65 | 2.02 |
| Feb 22, 2023 | 1.18 | 1.94 | 2.75 | 2.29 |
| Feb 24, 2022 | 1.48 | 1.89 | 2.61 | 1.93 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Expand Energy Corp., P/BV, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Expand Energy Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 26, 2025 | 1.36 | 1.83 |
| Feb 21, 2024 | 1.02 | 2.00 |
| Feb 22, 2023 | 1.18 | 2.21 |
| Feb 24, 2022 | 1.48 | 2.00 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comparison to Industry (Energy)
Expand Energy Corp., P/BV, long-term trends, comparison to industry (energy)
| Expand Energy Corp. | Energy | |
|---|---|---|
| Feb 26, 2025 | 1.36 | 1.87 |
| Feb 21, 2024 | 1.02 | 2.08 |
| Feb 22, 2023 | 1.18 | 2.30 |
| Feb 24, 2022 | 1.48 | 2.07 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).