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2.25 (1y: -61%)
Market Cap 715.8 M P/E(ttm)
Enterprise Value P/B
NG- AMEX (USA)
Novagold Resources, Inc.
Not Rated
Top Ranked Predictable Companies
$2.25
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Novagold Resources, Inc. Price to Tangible Book: 0.0 ( as of Today)

* All numbers are in millions except for per share data NG 10-Y Financials »

Definition

The price-to-tangible-book ratio, or P/B ratio, can be calculated as follows:

Price to Tangible Book = Share Price / Tangible Book Value per Share

It can also be calculated from the numbers for the whole company:

Price to Tangible Book = Market Cap / Tangible Equity

A closely related ratio is called P/B Ratio. The difference between Price-to-Tangible-Book Ratio and P/B Ratio is that book value other than intangibles are used in the calculation.

Formula

Price to Tangible Book = Market Cap / Tangible Equity

Novagold Resources, Inc. ptb Calculation

* All numbers are in millions except for per share data

Novagold Resources, Inc. Annual Data

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Novagold Resources, Inc. Quarterly Data

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Beaware

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.

Financial Dictionary

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