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Novagold Resources Inc (AMEX:NG)
Book Value Per Share
\$0.98 (As of Aug. 2016)

Novagold Resources Inc's book value per share for the quarter that ended in Aug. 2016 was \$0.98.

During the past 12 months, Novagold Resources Inc's average Book Value Per Share Growth Rate was -9.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -6.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Novagold Resources Inc was 78.40% per year. The lowest was -37.20% per year. And the median was 8.05% per year.

Novagold Resources Inc's current price is \$4.70. Its book value per share for the quarter that ended in Aug. 2016 was \$0.98. Hence, today's P/B Ratio of Novagold Resources Inc is 4.80.

During the past 13 years, the highest P/B Ratio of Novagold Resources Inc was 10.96. The lowest was 0.21. And the median was 3.47.

Definition

Novagold Resources Inc's Book Value Per Share for the fiscal year that ended in Nov. 2014 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (405.12 - 0.00) / 317.29 = 1.28

Novagold Resources Inc's Book Value Per Share for the quarter that ended in Aug. 2016 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (313.16 - 0.00) / 320.02 = 0.98

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company.

Book value may include intangible items which may come from the companys past acquisitions. Book value less intangibles is called Tangible Book.

Explanation

Usually a companys book value and Tangible Book Value per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Novagold Resources Inc Annual Data

 Nov06 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Book Value Per Share 4.22 6.12 1.91 1.63 -1.51 0.89 1.70 1.47 1.28 1.04

Novagold Resources Inc Quarterly Data

 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Book Value Per Share 1.39 1.36 1.28 1.16 1.14 1.07 1.04 0.99 1.00 0.98
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