True North Copper (ASX:TNC) Price-to-Tangible-Book : 1.33 (As of Jun. 04, 2024)

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What is True North Copper Price-to-Tangible-Book?

As of today (2024-06-04), True North Copper's share price is A$0.056. True North Copper's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.04. Hence, True North Copper's Price to Tangible Book Ratio of today is 1.33.

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

ASX:TNC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.32 Med: 2.18 Max: 3.8
Current: 1.4

During the past 4 years, True North Copper's highest Price to Tangible Book Ratio was 3.80. The lowest was 0.32. And the median was 2.18.

ASX:TNC's Price-to-Tangible-Book is ranked worse than
52.09% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.37 vs ASX:TNC: 1.40

A closely related ratio is called PB Ratio. As of today, True North Copper's share price is A$0.056. True North Copper's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.04. Hence, True North Copper's P/B Ratio of today is 1.33.

True North Copper Price-to-Tangible-Book Historical Data

The historical data trend for True North Copper'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.

True North Copper Price-to-Tangible-Book Chart

True North Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

2.18

0.43

3.80

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

Competitive Comparison of True North Copper's Price-to-Tangible-Book

For the Copper subindustry, True North Copper'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.

True North Copper's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where True North Copper's Price-to-Tangible-Book falls into.

True North Copper Price-to-Tangible-Book Calculation

True North Copper's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.056	/	0.042
	=	1.33

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.

True North Copper Price-to-Tangible-Book Related Terms

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

True North Copper (ASX:TNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » True North Copper Ltd (ASX:TNC) » Definitions » Price-to-Tangible-Book

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.