Galore Resources (TSXV:GRI) Price-to-Tangible-Book : 1.43 (As of Apr. 30, 2024)

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

As of today (2024-04-30), Galore Resources's share price is C$0.02. Galore Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.01. Hence, Galore Resources's Price to Tangible Book Ratio of today is 1.43.

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

TSXV:GRI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.23 Med: 0.59 Max: 2
Current: 2

During the past 13 years, Galore Resources's highest Price to Tangible Book Ratio was 2.00. The lowest was 0.23. And the median was 0.59.

TSXV:GRI's Price-to-Tangible-Book is ranked worse than
64.03% of 2238 companies
in the Metals & Mining industry
Industry Median: 1.33 vs TSXV:GRI: 2.00

A closely related ratio is called PB Ratio. As of today, Galore Resources's share price is C$0.02. Galore Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.01. Hence, Galore Resources's P/B Ratio of today is 1.43.

Galore Resources Price-to-Tangible-Book Historical Data

The historical data trend for Galore 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.

Galore Resources Price-to-Tangible-Book Chart

Galore Resources Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.79

0.57

0.32

0.74

1.20

Galore Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.71	1.50	0.88	1.00	0.71

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

For the Other Industrial Metals & Mining subindustry, Galore 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.

Galore Resources's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Galore Resources's Price-to-Tangible-Book distribution charts can be found below:

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

Galore Resources Price-to-Tangible-Book Calculation

Galore 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 )
	=	0.02	/	0.014
	=	1.43

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.

Galore Resources Price-to-Tangible-Book Related Terms

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

Galore Resources (TSXV:GRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galore Resources Inc (TSXV:GRI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GALOF:USA

Address

1125 Howe Street, Suite 1400, Vancouver, BC, CAN, V6Z 2K8

Website

https://www.galoreresources.com

Galore Resources Inc is a junior mineral exploration company. The company is engaged in the acquisition and exploration of mineral property interests in North America. The company holds an interest in the Dos Santos project located in northern Zacatecas State, Mexico.