Variscan Mines (Variscan Mines) Price-to-Tangible-Book : 2.59 (As of May. 27, 2024)

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What is Variscan Mines Price-to-Tangible-Book?

As of today (2024-05-27), Variscan Mines's share price is $0.044. Variscan Mines's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.02. Hence, Variscan Mines's Price to Tangible Book Ratio of today is 2.59.

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

PLTSF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.23 Med: 1.14 Max: 40
Current: 0.23

During the past 13 years, Variscan Mines's highest Price to Tangible Book Ratio was 40.00. The lowest was 0.23. And the median was 1.14.

PLTSF's Price-to-Tangible-Book is ranked better than
97.3% of 2223 companies
in the Metals & Mining industry
Industry Median: 1.38 vs PLTSF: 0.23

A closely related ratio is called PB Ratio. As of today, Variscan Mines's share price is $0.044. Variscan Mines's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.02. Hence, Variscan Mines's P/B Ratio of today is 2.59.

Variscan Mines Price-to-Tangible-Book Historical Data

The historical data trend for Variscan Mines'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.

Variscan Mines Price-to-Tangible-Book Chart

Variscan Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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Variscan Mines 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															-	-	-	-	-

Competitive Comparison of Variscan Mines's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Variscan Mines'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.

Variscan Mines's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Variscan Mines Price-to-Tangible-Book Calculation

Variscan Mines's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.044	/	0.017
	=	2.59

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.

Variscan Mines Price-to-Tangible-Book Related Terms

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

Variscan Mines (Variscan Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Variscan Mines Ltd (OTCPK:PLTSF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

VAR:Australia

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.variscan.com.au

Variscan Mines Ltd is engaged in exploring and developing mineral properties in Europe and Australia. It focuses on base metals, such as copper, lead, zinc, and nickel; precious metals comprising gold and silver; and tin, and tungsten deposits. It holds an interest in the Merleac, Silfiac, Tennie, Beaulieu, Loc Enrel, St Pierre, and Couflents licenses located in France. The company also owns an interest in Olary, Broken Hill, Euriowie, Callabonna, Quinyambie, and Hillston projects located in Curnamona Craton, South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in New South Wales. The firm operates in two geographical segments, being Australia and Spain.

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