Merafe Resources (JSE:MRF) Price-to-Tangible-Book : 0.60 (As of May. 20, 2024)

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

As of today (2024-05-20), Merafe Resources's share price is R1.25. Merafe Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was R2.09. Hence, Merafe Resources's Price to Tangible Book Ratio of today is 0.60.

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

JSE:MRF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.47 Med: 0.75 Max: 1.06
Current: 0.6

During the past 13 years, Merafe Resources's highest Price to Tangible Book Ratio was 1.06. The lowest was 0.47. And the median was 0.75.

JSE:MRF's Price-to-Tangible-Book is ranked better than
80.09% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.37 vs JSE:MRF: 0.60

A closely related ratio is called PB Ratio. As of today, Merafe Resources's share price is R1.25. Merafe Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was R2.10. Hence, Merafe Resources's P/B Ratio of today is 0.59.

Merafe Resources Price-to-Tangible-Book Historical Data

The historical data trend for Merafe 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.

Merafe Resources Price-to-Tangible-Book Chart

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.65

0.47

0.80

0.77

0.62

Merafe Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.80	0.95	0.77	0.56	0.62

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

For the Other Industrial Metals & Mining subindustry, Merafe 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.

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

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

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

Merafe Resources Price-to-Tangible-Book Calculation

Merafe 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 )
	=	1.25	/	2.094
	=	0.60

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.

Merafe Resources Price-to-Tangible-Book Related Terms

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

Merafe Resources (JSE:MRF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Merafe Resources Ltd (JSE:MRF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

RZT:Germany

Address

35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191

Website

https://www.meraferesources.co.za

Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namely, Waterval mine; Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals.