GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grounded Lithium Corp (OTCPK:GRDAF) » Definitions » Price-to-Tangible-Book

Grounded Lithium (Grounded Lithium) Price-to-Tangible-Book : 1.19 (As of Jun. 09, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Grounded Lithium Price-to-Tangible-Book?

As of today (2024-06-09), Grounded Lithium's share price is $0.0262. Grounded Lithium's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $0.02. Hence, Grounded Lithium's Price to Tangible Book Ratio of today is 1.19.

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

GRDAF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.31   Med: 3.59   Max: 6.88
Current: 1.31

During the past 3 years, Grounded Lithium's highest Price to Tangible Book Ratio was 6.88. The lowest was 1.31. And the median was 3.59.

GRDAF's Price-to-Tangible-Book is ranked better than
50.95% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.355 vs GRDAF: 1.31

A closely related ratio is called PB Ratio. As of today, Grounded Lithium's share price is $0.0262. Grounded Lithium's Book Value per Sharefor the quarter that ended in Mar. 2024 was $0.02. Hence, Grounded Lithium's P/B Ratio of today is 1.19.


Grounded Lithium Price-to-Tangible-Book Historical Data

The historical data trend for Grounded Lithium'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.

Grounded Lithium Price-to-Tangible-Book Chart

Grounded Lithium Annual Data
Trend Dec21 Dec22 Dec23
Price-to-Tangible-Book
- 4.33 2.29

Grounded Lithium Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.03 3.53 2.75 2.29 1.47

Competitive Comparison of Grounded Lithium's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Grounded Lithium'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.


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

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

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



Grounded Lithium Price-to-Tangible-Book Calculation

Grounded Lithium's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=0.0262/0.022
=1.19

* 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:

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.


Grounded Lithium Price-to-Tangible-Book Related Terms

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


Grounded Lithium (Grounded Lithium) Business Description

Traded in Other Exchanges
Address
500, 400-5th Avenue SW, Calgary, AB, CAN, T2P 0L6
Grounded Lithium Corp is a lithium resource company focused on supplying lithium to the rapidly developing electricity-powered economy. It controls approximately 2.9 million tonnes of lithium carbonate equivalent over its focused land holdings in Southwest Saskatchewan.