Gold Springs Resource (TSX:GRC) Price-to-Tangible-Book : 0.57 (As of May. 16, 2024)

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What is Gold Springs Resource Price-to-Tangible-Book?

As of today (2024-05-16), Gold Springs Resource's share price is C$0.07. Gold Springs Resource's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was C$0.12. Hence, Gold Springs Resource's Price to Tangible Book Ratio of today is 0.57.

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

TSX:GRC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.18 Med: 0.91 Max: 1.94
Current: 0.58

During the past 13 years, Gold Springs Resource's highest Price to Tangible Book Ratio was 1.94. The lowest was 0.18. And the median was 0.91.

TSX:GRC's Price-to-Tangible-Book is ranked better than
80.12% of 2228 companies
in the Metals & Mining industry
Industry Median: 1.35 vs TSX:GRC: 0.58

A closely related ratio is called PB Ratio. As of today, Gold Springs Resource's share price is C$0.07. Gold Springs Resource's Book Value per Sharefor the quarter that ended in Sep. 2023 was C$0.12. Hence, Gold Springs Resource's P/B Ratio of today is 0.57.

Gold Springs Resource Price-to-Tangible-Book Historical Data

The historical data trend for Gold Springs Resource'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.

Gold Springs Resource Price-to-Tangible-Book Chart

Gold Springs Resource Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.20

1.17

1.02

1.94

1.03

Gold Springs Resource Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.20	1.03	1.06	0.66	0.78

Competitive Comparison of Gold Springs Resource's Price-to-Tangible-Book

For the Gold subindustry, Gold Springs Resource'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.

Gold Springs Resource's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Gold Springs Resource's Price-to-Tangible-Book falls into.

Gold Springs Resource Price-to-Tangible-Book Calculation

Gold Springs Resource's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.07	/	0.122
	=	0.57

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.

Gold Springs Resource Price-to-Tangible-Book Related Terms

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

Gold Springs Resource (TSX:GRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Springs Resource Corp (TSX:GRC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GRCAF:USA SS7A:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.goldspringsresource.com

Gold Springs Resource Corp is a growth-focused mineral exploration company advancing the district-scale Gold Springs gold project situated in mining-friendly Nevada and Utah. The Company's activities include the acquisition, exploration and development of mineral properties. Its operations are limited to a single industry segment, being mineral exploration and development.