United States Oil Fund (USO) Price to Book (2010 - 2026)
United States Oil Fund's (USO) quarterly Price to Book came in at 0.9 in Q2 2026, down 2.49% year-over-year from 0.92 in Q2 2025, and up 17.8% quarter-over-quarter from 0.76 in Q1 2026.
Analysis
United States Oil Fund (USO) Price to Book (2010 - 2026) Analysis & Trends
United States Oil Fund (USO) has reported Price to Book for 17 consecutive years, with 0.9 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to Book fell 2.49% year-over-year to 0.9 in Q2 2026; TTM through Jun 2026 was 0.9, a 2.49% decrease from a year earlier, with the FY2025 full-year figure at 1.16, down 6.0% from the prior year.
- Price to Book was 0.9 for Q2 2026 at United States Oil Fund, up from 0.76 in the prior quarter.
- Over five years, Price to Book peaked at 1.25 in Q4 2022 and troughed at 0.76 in Q1 2026.
- A 5-year average of 1.0 and a median of 0.99 in 2023 frame the typical range for Price to Book.
- Across the five-year window, Price to Book tumbled 31.64% in 2022 and surged 32.96% in 2024, its largest moves.
- Over 5 years, Price to Book stood at 1.25 in 2022, then dropped by 21.96% to 0.98 in 2023, then increased by 26.05% to 1.23 in 2024, then dropped by 6.0% to 1.16 in 2025, then decreased by 22.24% to 0.9 in 2026.
- The last three Price to Book figures came in at 0.9 (Q2 2026), 0.76 (Q1 2026), and 1.16 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - |
| 10 | United States Oil Fund | 2.15 Bn | 800.11 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.90 |
| Mar 31, 2026 | 0.76 |
| Dec 31, 2025 | 1.16 |
| Sep 30, 2025 | 1.10 |
| Jun 30, 2025 | 0.92 |
| Mar 31, 2025 | 1.05 |
| Dec 31, 2024 | 1.23 |
| Sep 30, 2024 | 0.88 |
| Jun 30, 2024 | 1.08 |
| Mar 31, 2024 | 1.03 |
| Dec 31, 2023 | 0.98 |
| Sep 30, 2023 | 1.21 |
| Jun 30, 2023 | 0.81 |
| Mar 31, 2023 | 0.93 |
| Dec 31, 2022 | 1.25 |
| Sep 30, 2022 | 1.00 |
| Jun 30, 2022 | 0.92 |
| Mar 31, 2022 | 0.83 |
| Dec 31, 2021 | 1.49 |
| Sep 30, 2021 | 1.14 |