Patriot Battery Metals (Patriot Battery Metals) PB Ratio : 5.26 (As of May. 11, 2024)

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What is Patriot Battery Metals 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 (2024-05-11), Patriot Battery Metals's share price is $5.89. Patriot Battery Metals's Book Value per Share for the quarter that ended in Dec. 2023 was $1.12. Hence, Patriot Battery Metals's PB Ratio of today is 5.26.

The historical rank and industry rank for Patriot Battery Metals's PB Ratio or its related term are showing as below:

PMETF' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 52.36
Current: 5.35

During the past 13 years, Patriot Battery Metals's highest PB Ratio was 52.36. The lowest was 0.00. And the median was 0.00.

PMETF's PB Ratio is ranked worse than
84.65% of 2391 companies
in the Metals & Mining industry
Industry Median: 1.42 vs PMETF: 5.35

During the past 12 months, Patriot Battery Metals's average Book Value Per Share Growth Rate was 218.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -17.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Patriot Battery Metals was 62.80% per year. The lowest was -33.20% per year. And the median was -6.65% per year.

Back to Basics: PB Ratio

Patriot Battery Metals PB Ratio Historical Data

The historical data trend for Patriot Battery Metals'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.

Patriot Battery Metals PB Ratio Chart

Patriot Battery Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

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1.05

0.39

0.69

4.67

18.64

Patriot Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															14.06	18.64	21.90	6.83	6.71

Competitive Comparison of Patriot Battery Metals's PB Ratio

For the Other Industrial Metals & Mining subindustry, Patriot Battery Metals'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.

Patriot Battery Metals's PB Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Patriot Battery Metals's PB Ratio falls into.

Patriot Battery Metals 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.

Patriot Battery Metals's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	5.89	/	1.12
	=	5.26

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.

Patriot Battery Metals (OTCPK:PMETF) 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.

Patriot Battery Metals PB Ratio Related Terms

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Patriot Battery Metals (Patriot Battery Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Battery Metals Inc (OTCPK:PMETF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

R9G:Germany PMET:Canada PMT:Australia

Address

838 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.patriotbatterymetals.com

Patriot Battery Metals Inc is a mineral exploration company focused on the acquisition and development of mineral projects containing the battery, base and precious metals. The company's flagship assets are the wholly-owned Corvette Property, the FCI Property located in the James Bay Region of Quebec and the Freeman Creek Gold Property, located in Idaho, USA. In addition, the company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the company maintains a 40% interest, as well as several other assets in Canada.