Orbit Garant Drilling (TSX:OGD) Price-to-Tangible-Book : 0.41 (As of May. 16, 2024)

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What is Orbit Garant Drilling Price-to-Tangible-Book?

As of today (2024-05-16), Orbit Garant Drilling's share price is C$0.65. Orbit Garant Drilling's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$1.58. Hence, Orbit Garant Drilling's Price to Tangible Book Ratio of today is 0.41.

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

TSX:OGD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.22 Med: 0.52 Max: 1.19
Current: 0.41

During the past 13 years, Orbit Garant Drilling's highest Price to Tangible Book Ratio was 1.19. The lowest was 0.22. And the median was 0.52.

TSX:OGD's Price-to-Tangible-Book is ranked better than
88.96% of 2229 companies
in the Metals & Mining industry
Industry Median: 1.33 vs TSX:OGD: 0.41

A closely related ratio is called PB Ratio. As of today, Orbit Garant Drilling's share price is C$0.65. Orbit Garant Drilling's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$1.58. Hence, Orbit Garant Drilling's P/B Ratio of today is 0.41.

Orbit Garant Drilling Price-to-Tangible-Book Historical Data

The historical data trend for Orbit Garant Drilling'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.

Orbit Garant Drilling Price-to-Tangible-Book Chart

Orbit Garant Drilling Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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0.49

0.29

0.56

0.39

0.52

Orbit Garant Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.28	0.49	0.52	0.36	0.35

Competitive Comparison of Orbit Garant Drilling's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Orbit Garant Drilling'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.

Orbit Garant Drilling's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Orbit Garant Drilling's Price-to-Tangible-Book falls into.

Orbit Garant Drilling Price-to-Tangible-Book Calculation

Orbit Garant Drilling's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.65	/	1.576
	=	0.41

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.

Orbit Garant Drilling Price-to-Tangible-Book Related Terms

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

Orbit Garant Drilling (TSX:OGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orbit Garant Drilling Inc (TSX:OGD) » Definitions » Price-to-Tangible-Book

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OBGRF:USA

Address

3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6

Website

http://www.orbitgarant.com

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.

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