Red Lake Gold (XCNQ:RGLD) Price-to-Tangible-Book : 0.91 (As of May. 21, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Red Lake Gold Price-to-Tangible-Book?

As of today (2024-05-21), Red Lake Gold's share price is C$0.05. Red Lake Gold's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was C$0.06. Hence, Red Lake Gold's Price to Tangible Book Ratio of today is 0.91.

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

XCNQ:RGLD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.61 Med: 2.71 Max: 7.2
Current: 0.83

During the past 7 years, Red Lake Gold's highest Price to Tangible Book Ratio was 7.20. The lowest was 0.61. And the median was 2.71.

XCNQ:RGLD's Price-to-Tangible-Book is ranked better than
69.23% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.38 vs XCNQ:RGLD: 0.83

A closely related ratio is called PB Ratio. As of today, Red Lake Gold's share price is C$0.05. Red Lake Gold's Book Value per Sharefor the quarter that ended in Feb. 2024 was C$0.06. Hence, Red Lake Gold's P/B Ratio of today is 0.91.

Red Lake Gold Price-to-Tangible-Book Historical Data

The historical data trend for Red Lake Gold'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.

Red Lake Gold Price-to-Tangible-Book Chart

Red Lake Gold Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.73

5.28

2.73

0.61

1.40

Red Lake Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.86	1.45	1.36	1.40	0.91

Competitive Comparison of Red Lake Gold's Price-to-Tangible-Book

For the Gold subindustry, Red Lake Gold'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.

Red Lake Gold's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Red Lake Gold Price-to-Tangible-Book Calculation

Red Lake Gold's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Feb. 2024 )
	=	0.05	/	0.055
	=	0.91

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.

Red Lake Gold Price-to-Tangible-Book Related Terms

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

Red Lake Gold (XCNQ:RGLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Lake Gold Inc (XCNQ:RGLD) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

P11A:Germany

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.redlakegold.ca

Red Lake Gold Inc is focused on a high-impact gold exploration through its Whirlwind Jack Gold Project which is a district-scale gold exploration project located near Red Lake, Ontario. The LP Fault structure interpreted in this project is situated within a deep magnetic low. The company projects also include Fenelon North Gold Project, Preston District Uranium Project.