Torque Metals (ASX:TOR) Price-to-Tangible-Book : 2.00 (As of May. 21, 2024)

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What is Torque Metals Price-to-Tangible-Book?

As of today (2024-05-21), Torque Metals's share price is A$0.21. Torque Metals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.11. Hence, Torque Metals's Price to Tangible Book Ratio of today is 2.00.

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

ASX:TOR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.26 Med: 1.74 Max: 2.1
Current: 1.91

During the past 3 years, Torque Metals's highest Price to Tangible Book Ratio was 2.10. The lowest was 1.26. And the median was 1.74.

ASX:TOR's Price-to-Tangible-Book is ranked worse than
57.66% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:TOR: 1.91

A closely related ratio is called PB Ratio. As of today, Torque Metals's share price is A$0.21. Torque Metals's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.11. Hence, Torque Metals's P/B Ratio of today is 2.00.

Torque Metals Price-to-Tangible-Book Historical Data

The historical data trend for Torque Metals'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.

Torque Metals Price-to-Tangible-Book Chart

Torque Metals Annual Data

Trend

Jun21

Jun22

Jun23

Price-to-Tangible-Book

1.68

1.88

1.26

Torque Metals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			1.80	1.88	1.48	1.26	2.10

Competitive Comparison of Torque Metals's Price-to-Tangible-Book

For the Gold subindustry, Torque Metals'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.

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

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

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

Torque Metals Price-to-Tangible-Book Calculation

Torque Metals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.21	/	0.105
	=	2.00

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.

Torque Metals Price-to-Tangible-Book Related Terms

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

Torque Metals (ASX:TOR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 - 18 Nicholson Road, Unit 8, Subiaco, WA, AUS, 6008

Website

https://www.torquemetals.com

Torque Metals Ltd is a smart exploration company with a discovery methodology, combining drilling results with machine learning algorithms and geological interpretation. The company has three projects namely; New Dawn Lithium Project, Bullfinch Gold Project, and Paris Gold Project. The Company operates in one segment being exploration in Western Australia, Australia.

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