HORNBECK OFFSHORE SERVICES, INC.

HLX ·Energy, Oil & Gas Equipment & Services, United States

Fair Price / Book

Mainly for financial asset-heavy businesses (banks, insurers, etc). Not typically useful for non-financial companies.

Normalized ROE (%) Cost of Equity (%) Market Price ($)

Fair P/B —

Current Price / Book —

Formula: Fair P/B = Normalized ROE ÷ Cost of Equity

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