OPC is good value by this listPrice/Book
The Price to Book metric measures a company’s price in terms of its total company equity. This metric is relatively more important in the oil and gas industry for the simple fact that the majority of a company’s value is easily measured by the amount of oil and gas they own multiplied by current oil and gas prices. While a tech company, for instance, would receive little to no value in its goodwill and human capital in the event of a
liquidation, an oil and gas company liquidating its assets has a clear and measurable worth to them. While important, the Price/Book metric can get tricky. Significant variances in the
market value of the assets a company holds and the book value - which is the at cost value of the asset on the balance sheet - can exist. If an asset’s market value is worth less than its book value, GAAP requires that the company writes the asset down on the balance sheet but if an asset is worth much more than the value on the balance sheet, nothing is changed. Combine this with the deprecation of the asset as the resources are depleted and most oil and gas companies should have a market value well over their book value. So a book value over 1 does not necessarily mean a company is overvalued, but a book value of less than 1 could potentially point out undervalued stocks as the enterprise or market value of the company could be much more than its book value. The industry metric of 3.0 reflects this as the market believes that the assets each company owns are worth way more than what is reflected on the balance sheet. Rankings are:
CMT...............0.1
OPC................0.2
PDP................0.4
AOS................0.7
OEX...............0.7
AAV...............0.8
CLL................0.8
TT.................0.9
ECA................1.2
PBN................1.3
NXY...............1.4
RE..................1.4
VRO...............1.4
QEC...............1.6
TLM..............1.6
CNQ..............1.9
ALE..............2.0
GTE..............2.2
IE.................2.5
SOG..............2.9
Industry...3.0
TGL..............3.5
PRE..............4.3
PMG.............5.1
BNK.............6.7
CNE.............8.6