Millennial Lithium (TSXV:ML) Price-to-Tangible-Book : 3.54 (As of May. 26, 2024)

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What is Millennial Lithium Price-to-Tangible-Book?

As of today (2024-05-26), Millennial Lithium's share price is C$4.04. Millennial Lithium's Tangible Book per Share of Aug. 2021 for the quarter that ended in Aug. 2021 was C$1.14. Hence, Millennial Lithium's Price to Tangible Book Ratio of today is 3.54.

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

TSXV:ML' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.25 Med: 1.34 Max: 7.98
Current: 3.54

During the past 13 years, Millennial Lithium's highest Price to Tangible Book Ratio was 7.98. The lowest was 0.25. And the median was 1.34.

TSXV:ML's Price-to-Tangible-Book is not ranked
in the Metals & Mining industry.
Industry Median: 1.38 vs TSXV:ML: 3.54

A closely related ratio is called PB Ratio. As of today, Millennial Lithium's share price is C$4.04. Millennial Lithium's Book Value per Sharefor the quarter that ended in Aug. 2021 was C$1.14. Hence, Millennial Lithium's P/B Ratio of today is 3.54.

Millennial Lithium Price-to-Tangible-Book Historical Data

The historical data trend for Millennial Lithium'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.

Millennial Lithium Price-to-Tangible-Book Chart

Millennial Lithium Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Price-to-Tangible-Book

Get a 7-Day Free Trial

7.54

4.54

1.81

1.18

2.59

Millennial Lithium Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.61	3.10	2.59	2.65	2.87

Competitive Comparison of Millennial Lithium's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Millennial Lithium'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.

Millennial Lithium's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Millennial Lithium Price-to-Tangible-Book Calculation

Millennial Lithium's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Aug. 2021 )
	=	4.04	/	1.142
	=	3.54

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.

Millennial Lithium Price-to-Tangible-Book Related Terms

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

Millennial Lithium (TSXV:ML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Lithium Corp (TSXV:ML) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Bay Street, Suite 400, Toronto, ON, CAN, M5H 2S6

Website

http://www.millenniallithium.com

Millennial Lithium Corp is engaged in the business of acquisition, exploration and development of lithium mineral properties. The company's projects include the Pastos Grandes Lithium Project and Cauchari East Lithium Project. It has one operating segment, being the exploration of resource properties.