Arras Minerals (TSXV:ARK) Price-to-Tangible-Book : 2.43 (As of May. 20, 2024)

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What is Arras Minerals Price-to-Tangible-Book?

As of today (2024-05-20), Arras Minerals's share price is C$0.28. Arras Minerals's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was C$0.12. Hence, Arras Minerals's Price to Tangible Book Ratio of today is 2.43.

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

TSXV:ARK' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.15 Med: 2.19 Max: 2.55
Current: 2.33

During the past 3 years, Arras Minerals's highest Price to Tangible Book Ratio was 2.55. The lowest was 1.15. And the median was 2.19.

TSXV:ARK's Price-to-Tangible-Book is ranked worse than
68.74% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.37 vs TSXV:ARK: 2.33

A closely related ratio is called PB Ratio. As of today, Arras Minerals's share price is C$0.28. Arras Minerals's Book Value per Sharefor the quarter that ended in Jan. 2024 was C$0.12. Hence, Arras Minerals's P/B Ratio of today is 2.43.

Arras Minerals Price-to-Tangible-Book Historical Data

The historical data trend for Arras Minerals'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.

Arras Minerals Price-to-Tangible-Book Chart

Arras Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Price-to-Tangible-Book

2.55

1.15

Arras Minerals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Price-to-Tangible-Book	Get a 7-Day Free Trial							2.46	2.36	2.19	1.15	1.83

Competitive Comparison of Arras Minerals's Price-to-Tangible-Book

For the Other Precious Metals & Mining subindustry, Arras Minerals'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.

Arras Minerals's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Arras Minerals Price-to-Tangible-Book Calculation

Arras Minerals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jan. 2024 )
	=	0.28	/	0.115
	=	2.43

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.

Arras Minerals Price-to-Tangible-Book Related Terms

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

Arras Minerals (TSXV:ARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arras Minerals Corp (TSXV:ARK) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ARRKF:USA

Address

777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.arrasminerals.com

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire a 100% interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

Executives

Darren Ervin Charles Klinck

Senior Officer

Arras Minerals (TSXV:ARK) Headlines

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