Aldoro Resources (ASX:ARN) Price-to-Tangible-Book : 0.70 (As of May. 15, 2024)

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

As of today (2024-05-15), Aldoro Resources's share price is A$0.066. Aldoro Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.09. Hence, Aldoro Resources's Price to Tangible Book Ratio of today is 0.70.

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

ASX:ARN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.69 Med: 1.33 Max: 3.81
Current: 0.73

During the past 5 years, Aldoro Resources's highest Price to Tangible Book Ratio was 3.81. The lowest was 0.69. And the median was 1.33.

ASX:ARN's Price-to-Tangible-Book is ranked better than
72.5% of 2229 companies
in the Metals & Mining industry
Industry Median: 1.33 vs ASX:ARN: 0.73

A closely related ratio is called PB Ratio. As of today, Aldoro Resources's share price is A$0.066. Aldoro Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.09. Hence, Aldoro Resources's P/B Ratio of today is 0.70.

Aldoro Resources Price-to-Tangible-Book Historical Data

The historical data trend for Aldoro 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.

Aldoro Resources Price-to-Tangible-Book Chart

Aldoro Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

1.01

0.72

3.14

1.15

1.11

Aldoro Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial						3.81	1.15	1.34	1.11	1.33

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

For the Other Industrial Metals & Mining subindustry, Aldoro 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.

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

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

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

Aldoro Resources Price-to-Tangible-Book Calculation

Aldoro 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 )
	=	0.066	/	0.094
	=	0.70

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.

Aldoro Resources Price-to-Tangible-Book Related Terms

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

Aldoro Resources (ASX:ARN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aldoro Resources Ltd (ASX:ARN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Railway Road, Suite 11, 12 Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.aldororesources.com

Aldoro Resources Ltd is an exploration company established to explore and develop gold and nickel mineral properties. Its projects include the Narndee Igneous Complex, the Kameelburg Ree Project, the Niobe Project, the Wyemandoo critical mineral project, and other mineral projects. The Group operates only in one reportable segment being predominately in the area of gold and nickel mineral exploration in Australia.

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