United States Oil Fund (USO) Price to Book (2010 - 2026)
United States Oil Fund's (USO) Price to Book came in at 0.90 for Q2 2026, down 2.5% from 0.92 a year earlier but up 17.8% from the prior quarter.
Powered by 
Analysis
United States Oil Fund (USO) Price to Book (2010 - 2026) Analysis & Trends
For FY2025, United States Oil Fund's Price to Book stood at 1.16, down 6.0% from FY2024.
- In prior years, United States Oil Fund's Price to Book was 1.23 in FY2024 (+26.0%), 0.98 in FY2023 (-22.0%), 1.25 in FY2022 (-16.3%) and 1.49 in FY2021 (+43.2%).
- Quarterly Price to Book has run from a low of 0.76 in Q1 2026 to a high of 1.49 in Q4 2021 over five years.
- On a year-over-year basis, Price to Book has declined in each of the last three quarters, with an average decline of 3.0% over the last eight quarters.
- The strongest year-over-year quarter for Price to Book in the past five years was Q4 2021, with growth of 43.2%; the weakest was Q1 2022, with a decline of 31.6%.
- According to Business Quant data, Price to Book for the three prior quarters was 0.76 (Q1 2026), 1.16 (Q4 2025) and 1.10 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn |
| 10 | United States Oil Fund | 2.16 Bn | -2.50 Bn | - |
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 |
API Access
United States Oil Fund Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=USO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "USO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=USO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();