True North Copper (ASX:TNC) PB Ratio : 1.33 (As of Jun. 04, 2024)

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What is True North Copper PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-04), True North Copper's share price is A$0.056. True North Copper's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.04. Hence, True North Copper's PB Ratio of today is 1.33.

The historical rank and industry rank for True North Copper's PB Ratio or its related term are showing as below:

ASX:TNC' s PB Ratio Range Over the Past 10 Years
Min: 0.97 Med: 1.71 Max: 4.03
Current: 1.33

During the past 4 years, True North Copper's highest PB Ratio was 4.03. The lowest was 0.97. And the median was 1.71.

ASX:TNC's PB Ratio is ranked better than
51.05% of 2378 companies
in the Metals & Mining industry
Industry Median: 1.415 vs ASX:TNC: 1.33

During the past 12 months, True North Copper's average Book Value Per Share Growth Rate was -87.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -36.40% per year.

During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of True North Copper was -36.40% per year. The lowest was -36.40% per year. And the median was -36.40% per year.

Back to Basics: PB Ratio

True North Copper PB Ratio Historical Data

The historical data trend for True North Copper's PB Ratio 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.

True North Copper PB Ratio Chart

True North Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

PB Ratio

2.18

0.43

3.80

True North Copper Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial			0.98	0.43	0.32	3.80	2.29

Competitive Comparison of True North Copper's PB Ratio

For the Copper subindustry, True North Copper'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.

True North Copper's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, True North Copper's PB Ratio distribution charts can be found below:

* The bar in red indicates where True North Copper's PB Ratio falls into.

True North Copper PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

True North Copper's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.056	/	0.042
	=	1.33

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

True North Copper (ASX:TNC) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

True North Copper PB Ratio Related Terms

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True North Copper (ASX:TNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » True North Copper Ltd (ASX:TNC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

46-48 Sheridan Street, PO Box 3006, Level 9, Citi Central Tower, Cairns, QLD, AUS, 4870

Website

https://www.truenorthcopper.com.au

True North Copper Ltd is a mining and exploration company. The company mainly explores copper and cobalt projects located in Cloncurry and Mt Oxide. It has having only one reportable segment, being exploration, development and operations for minerals.