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Magnetite Mines (ASX:MGT) Valuation Rank


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What is Magnetite Mines Valuation Rank?

The Valuation Rank measures the current valuation of a business relative to other companies in the same industry and its own historical valuation. The companies are split in equal numbers and then ranked from 1 to 10, with 10 as the most undervalued and 1 as the most overvalued.

  1. Three factors:
    • Absolute valuation (medpsvalue) relative to current stock price, rank among all companies
    • Historical valuation over the past 10 years. Rank pe, ps, pocf, ev2ebit over their own historical values
    • Industry relative valuation
  2. Companies without enough data is not ranked
  3. Companies with negative earnings are ranked lower

These three factors are used to calculate the value score for every eligible company, with values from 1 to 10. The final ranked companies are split in equal numbers and ranked from 1 to 10, with 10 as the most undervalued, and 1 as the most overvalued. The numbers of companies in each rank are the same.

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Magnetite Mines (ASX:MGT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnetite Mines Ltd (ASX:MGT) » Definitions » Valuation Rank
Comparable Companies
ASX:COB ASX:CXM ASX:G6M ASX:CHW ASX:WA8 ASX:AMD ASX:KRM ASX:AUE ASX:MTC ASX:GBR ASX:BHP ASX:RIO LSE:RIO LSE:GLEN ASX:FMG BSP:VALE3 SAU:1211 GMEXICOB LSE:AAL BOM:500188
Traded in Other Exchanges
N/A
Address
30 Currie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000
Website
https://www.magnetitemines.com
Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The Group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include Muster Dam Iron Ore Project and Global Drivers For High-Grade Iron Ore project.