As of today (2024-04-24), Newmont's share price is $37.71. Newmont's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $22.58. Hence, Newmont's Price to Tangible Book Ratio of today is 1.67.
The historical rank and industry rank for Newmont's Price-to-Tangible-Book or its related term are showing as below:
NEM'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.84 Med: 1.85 Max: 2.55
Current: 1.67
During the past 13 years, Newmont's highest Price to Tangible Book Ratio was 2.55. The lowest was 0.84. And the median was 1.85.
NEM's Price-to-Tangible-Book is ranked worse than 59.11% of 2240
companies
in the Metals & Mining industry
Industry Median: 1.32
vs NEM: 1.67
A closely related ratio is called PB Ratio. As of today, Newmont's share price is $37.71. Newmont's Book Value per Sharefor the quarter that ended in Dec. 2023 was $25.19. Hence, Newmont's P/B Ratio of today is 1.50.
Newmont Price-to-Tangible-Book Historical Data
The historical data trend for Newmont's Price-to-Tangible-Book 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.
For the Gold subindustry, Newmont's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Newmont Price-to-Tangible-Book Distribution
For the Metals & Mining industry and Basic Materials sector, Newmont's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Newmont's Price-to-Tangible-Book falls into.
Newmont Price-to-Tangible-Book Calculation
Newmont's price-to-tangible-book ratio for today 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Newmont Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Newmont's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NEM has been successfully added to your 