Persistence Resources Group (HKSE:02489) Price-to-Tangible-Book : 2.09 (As of May. 15, 2024)

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What is Persistence Resources Group Price-to-Tangible-Book?

As of today (2024-05-15), Persistence Resources Group's share price is HK$0.81. Persistence Resources Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.39. Hence, Persistence Resources Group's Price to Tangible Book Ratio of today is 2.09.

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

HKSE:02489' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.44 Med: 1.44 Max: 2.13
Current: 2.08

During the past 4 years, Persistence Resources Group's highest Price to Tangible Book Ratio was 2.13. The lowest was 1.44. And the median was 1.44.

HKSE:02489's Price-to-Tangible-Book is ranked worse than
66.08% of 2232 companies
in the Metals & Mining industry
Industry Median: 1.335 vs HKSE:02489: 2.08

A closely related ratio is called PB Ratio. As of today, Persistence Resources Group's share price is HK$0.81. Persistence Resources Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.45. Hence, Persistence Resources Group's P/B Ratio of today is 1.79.

Persistence Resources Group Price-to-Tangible-Book Historical Data

The historical data trend for Persistence Resources Group'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.

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Persistence Resources Group Price-to-Tangible-Book Chart

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.44

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	-	-	1.44

Competitive Comparison of Persistence Resources Group's Price-to-Tangible-Book

For the Gold subindustry, Persistence Resources Group'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.

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

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

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

Persistence Resources Group Price-to-Tangible-Book Calculation

Persistence Resources Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.81	/	0.388
	=	2.09

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.

Persistence Resources Group Price-to-Tangible-Book Related Terms

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

Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

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