Anadarko Petroleum Corp. (NYSE:APC)

The analysis of the financial ratios and values reveals significant fluctuations and trends in the company's share price, book value per share (BVPS), and the price-to-book value ratio (P/BV) over the examined period.

Share Price

The share price exhibited notable volatility, beginning at $51.04 in early 2006 and declining to a low of $35.54 in early 2009. Subsequently, it experienced a strong recovery and peaked near the mid-$80 range between 2010 and 2015. However, in 2016, the price sharply dropped to $40.50 before rebounding to $66.77 in 2017. These fluctuations suggest sensitivity to market conditions and potential operational or sector-specific impacts during these years.

Book Value Per Share (BVPS)

BVPS showed an overall increasing trend from $1.14 in 2006 to a peak of $43.39 in early 2014. After this peak, there was a marked decline to $21.85 by 2017. The initial rise indicates growth in net asset value per share, potentially reflecting improved earnings retention or asset growth. The subsequent decline from 2014 onward may indicate asset write-downs, impairments, or distribution to shareholders.

Price-to-Book Value Ratio (P/BV)

The P/BV ratio started extremely high at 44.64 in 2006, likely influenced by the very low BVPS at the time, then stabilized to a range between approximately 0.87 and 3.06 for the rest of the period. Notably, the ratio fell below 1.0 in 2009, indicating the share price was below the book value per share, which can suggest undervaluation or market pessimism. The ratio generally fluctuated between 1.6 and 2.4 during the following years, with a peak at 3.06 in 2017, which could indicate an increasing market valuation relative to book value at that time.

In summary, the company's share price and book value per share demonstrated substantial variations over the analyzed years. The share price's sharp decline and rise corresponded with changes in book value, though not always proportionally, as reflected in the fluctuating P/BV ratio. The latter's return to above 3.0 by 2017 suggests renewed investor confidence or expectations exceeding the underlying book value at that point in time.