Metalore Resources (Metalore Resources) Price-to-Tangible-Book : 0.69 (As of May. 07, 2024)

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What is Metalore Resources Price-to-Tangible-Book?

As of today (2024-05-07), Metalore Resources's share price is $2.05. Metalore Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $2.99. Hence, Metalore Resources's Price to Tangible Book Ratio of today is 0.69.

The historical rank and industry rank for Metalore Resources's Price-to-Tangible-Book or its related term are showing as below:

MTLRF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.22 Med: 0.47 Max: 0.92
Current: 0.75

During the past 13 years, Metalore Resources's highest Price to Tangible Book Ratio was 0.92. The lowest was 0.22. And the median was 0.47.

MTLRF's Price-to-Tangible-Book is ranked better than
76.13% of 930 companies
in the Oil & Gas industry
Industry Median: 1.34 vs MTLRF: 0.75

A closely related ratio is called PB Ratio. As of today, Metalore Resources's share price is $2.05. Metalore Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was $2.99. Hence, Metalore Resources's P/B Ratio of today is 0.69.

Metalore Resources Price-to-Tangible-Book Historical Data

The historical data trend for Metalore Resources'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.

* Premium members only.

Metalore Resources Price-to-Tangible-Book Chart

Metalore Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.39

0.66

0.73

0.49

0.60

Metalore Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.47	0.60	0.64	0.75	0.74

Competitive Comparison of Metalore Resources's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, Metalore Resources'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.

Metalore Resources's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Metalore Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Metalore Resources's Price-to-Tangible-Book falls into.

Metalore Resources Price-to-Tangible-Book Calculation

Metalore Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.05	/	2.991
	=	0.69

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Metalore Resources Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Metalore Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Metalore Resources (Metalore Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Metalore Resources Ltd (OTCPK:MTLRF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MET:Canada

Address

124 Norfolk Street North, P.O. Box 422, Simcoe, ON, CAN, N3Y 3N8

Website

https://www.metaloreresources.ca

Metalore Resources Ltd is a Canada-based resource company focused on natural gas production and gold exploration. It owns and controls petroleum, natural gas, and mineral leases in Charlotteville, Walsingham, and Houghton townships in Norfolk County, Ontario. The company's properties for gold exploration include Paint LakeProperty and Brookbank Jv Properties. It generates the majority of revenue from the sale of natural gas.