Fortescue's book value per share for the quarter that ended in Dec. 2023 was $12.58.
During the past 12 months, Fortescue's average Book Value Per Share Growth Rate was 13.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 16.00% 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 Fortescue was 235.00% per year. The lowest was 10.00% per year. And the median was 26.60% per year.
Fortescue's current price is $33.385. Its book value per share for the quarter that ended in Dec. 2023 was $12.58. Hence, today's PB Ratio of Fortescue is 2.86.
During the past 13 years, the highest P/B Ratio of Fortescue was 4.07. The lowest was 0.49. And the median was 1.95.
Fortescue Book Value per Share Historical Data
The historical data trend for Fortescue's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Fortescue's Book Value per Share
For the Other Industrial Metals & Mining subindustry, Fortescue's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortescue's PB Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortescue's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fortescue's PB Ratio falls into.
Fortescue Book Value per Share Calculation
Fortescue's Book Value Per Share for the fiscal year that ended in Jun. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Fortescue (OTCPK:FSUGY) Book Value per Share Explanation
Usually a company's book value and Tangible Book 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.
Fortescue Book Value per Share Related Terms
Thank you for viewing the detailed overview of Fortescue's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.
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