United States 12 Month Oil Fund (USL) Price to Book (2010 - 2026)

United States 12 Month Oil Fund (USL) has reported Price to Book for 17 consecutive years, with 1.01 the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Price to Book rose 0.86% year-over-year to 1.01; the trailing twelve-month figure through Jun 2026 stood at 1.01 (up 0.86% YoY), and the FY2025 full-year result was 1.09, down 10.68% from the prior year.
• Price to Book climbed to 1.01 in Q2 2026 per USL's latest filing, from 0.93 in the prior quarter.
• Across five years, Price to Book topped out at 1.49 in Q4 2022 and bottomed at 0.9 in Q1 2023.
• Historically, Price to Book has averaged 1.03 across 5 years, with a median of 1.0 in 2025.
• The sharpest annual moves came in 2023 and 2024: Price to Book slumped 36.47% in 2023, then climbed 29.39% in 2024.
• Over 5 years, Price to Book stood at 1.49 in 2022, then plunged by 36.47% to 0.94 in 2023, then climbed by 29.39% to 1.22 in 2024, then dropped by 10.68% to 1.09 in 2025, then dropped by 7.76% to 1.01 in 2026.
• According to Business Quant data, Price to Book over the past three periods registered 1.01, 0.93, and 1.09 for Q2 2026, Q1 2026, and Q4 2025 respectively.