Delta Resources (Delta Resources) Price-to-Tangible-Book : 2.54 (As of May. 21, 2024)

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

As of today (2024-05-21), Delta Resources's share price is $0.10674. Delta Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.04. Hence, Delta Resources's Price to Tangible Book Ratio of today is 2.54.

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

DTARF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.02 Med: 4.29 Max: 73.33
Current: 2.67

During the past 13 years, Delta Resources's highest Price to Tangible Book Ratio was 73.33. The lowest was 0.02. And the median was 4.29.

DTARF's Price-to-Tangible-Book is ranked worse than
68.6% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.38 vs DTARF: 2.67

A closely related ratio is called PB Ratio. As of today, Delta Resources's share price is $0.10674. Delta Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.04. Hence, Delta Resources's P/B Ratio of today is 2.54.

Delta Resources Price-to-Tangible-Book Historical Data

The historical data trend for Delta 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.

Delta Resources Price-to-Tangible-Book Chart

Delta Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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5.93

8.82

3.29

2.62

Delta Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.62	15.58	3.52	2.22	2.62

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

For the Gold subindustry, Delta 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.

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

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

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

Delta Resources Price-to-Tangible-Book Calculation

Delta 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 )
	=	0.10674	/	0.042
	=	2.54

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.

Delta Resources Price-to-Tangible-Book Related Terms

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

Delta Resources (Delta Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Delta Resources Ltd (OTCPK:DTARF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

6GO1:Germany DLTA:Canada

Address

1718 Christine Street, Kingston, ON, CAN, K7L 4V4

Website

https://www.deltaresources.ca

Delta Resources Ltd is a Canadian mineral exploration company focused on growing shareholder value through the exploration of two high-potential gold and base-metal projects. It has a single operating segment which is the acquisition, exploration and development of exploration properties. The company has 100% ownership in the DELTA-1 Gold project in Thunder Bay, Ontario, DELTA-2 Gold polymetallic project in Chibougamau, Quebec and the Bellechasse-Timmins Gold project located in southeastern Quebec.