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Fortune Bay (Fortune Bay) Price-to-Tangible-Book : 0.49 (As of May. 25, 2024)


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What is Fortune Bay Price-to-Tangible-Book?

As of today (2024-05-25), Fortune Bay's share price is $0.17783. Fortune Bay's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.37. Hence, Fortune Bay's Price to Tangible Book Ratio of today is 0.49.

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

FTBYF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.29   Med: 0.61   Max: 1.93
Current: 0.49

During the past 9 years, Fortune Bay's highest Price to Tangible Book Ratio was 1.93. The lowest was 0.29. And the median was 0.61.

FTBYF's Price-to-Tangible-Book is ranked better than
82.8% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs FTBYF: 0.49

A closely related ratio is called PB Ratio. As of today, Fortune Bay's share price is $0.17783. Fortune Bay's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.37. Hence, Fortune Bay's P/B Ratio of today is 0.49.

Fortune Bay Price-to-Tangible-Book Historical Data

The historical data trend for Fortune Bay'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.

Fortune Bay Price-to-Tangible-Book Chart

Fortune Bay Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only 0.44 1.80 1.34 0.60 0.38

Fortune Bay 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.45 0.31 0.66 0.38

Competitive Comparison of Fortune Bay's Price-to-Tangible-Book

For the Gold subindustry, Fortune Bay'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.

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

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

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


Fortune Bay Price-to-Tangible-Book Calculation

Fortune Bay's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=0.17783/0.365
=0.49

* 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.

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.

Fortune Bay Price-to-Tangible-Book Related Terms

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

Fortune Bay (Fortune Bay) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Bay Corp (OTCPK:FTBYF) » Definitions » Price-to-Tangible-Book
Comparable Companies
TSXV:PRG TSXV:ARIC TSX:SGLD XCNQ:WG TSX:GMTN XCNQ:FENX XCNQ:JKS TSXV:XIM XCNQ:GAND XCNQ:RFR SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI
Traded in Other Exchanges
5QN:Germany FOR:Canada
Address
1969 Upper Water Street, Suite 2001, Purdy's Wharf, Tower II, Halifax, NS, CAN, B3J 3R7
Website
https://www.fortunebaycorp.com
Fortune Bay Corp is engaged in the acquisition, exploration, and development of mineral interests. The company's properties include the Goldfields Project; Murmac Uranium Project; Ixhuatan Project and Strike Uranium Project.

Fortune Bay (Fortune Bay) Headlines

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