Comet Industries (TSXV:CMU) Book Value per Share : C$2.45 (As of Oct. 2023)

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What is Comet Industries Book Value per Share?

Comet Industries's book value per share for the quarter that ended in Oct. 2023 was C$2.45.

During the past 12 months, Comet Industries's average Book Value Per Share Growth Rate was 545.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 20.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Comet Industries was 67.20% per year. The lowest was -42.70% per year. And the median was 2.80% per year.

Comet Industries's current price is C$4.50. Its book value per share for the quarter that ended in Oct. 2023 was C$2.45. Hence, today's PB Ratio of Comet Industries is 1.84.

During the past 13 years, the highest P/B Ratio of Comet Industries was 68.18. The lowest was 1.53. And the median was 12.66.

Comet Industries Book Value per Share Historical Data

The historical data trend for Comet Industries's Book Value per Share 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.

Comet Industries Book Value per Share Chart

Comet Industries Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Book Value per Share

Get a 7-Day Free Trial

0.23

0.24

0.30

0.37

0.35

Comet Industries Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Book Value per Share	Get a 7-Day Free Trial															0.38	0.35	0.42	0.39	2.45

Competitive Comparison of Comet Industries's Book Value per Share

For the Real Estate Services subindustry, Comet Industries's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Comet Industries's PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Comet Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Comet Industries's PB Ratio falls into.

Comet Industries Book Value per Share Calculation

Comet Industries's Book Value Per Share for the fiscal year that ended in Jan. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(1.62	-	0.00)	/	4.67
	=	0.35

Comet Industries's Book Value Per Share for the quarter that ended in Oct. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(11.44	-	0.00)	/	4.67
	=	2.45

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Comet Industries (TSXV:CMU) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Comet Industries Book Value per Share Related Terms

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Comet Industries (TSXV:CMU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Comet Industries Ltd (TSXV:CMU) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

1177 West Hastings Street, Suite 1610, Vancouver, BC, CAN, V6E 2K3

Website

Comet Industries Ltd is an exploration-stage company. Principally, it is engaged in the business of acquiring and holding mineral properties, and holding and managing real properties, in British Columbia. The company owns unimproved land in Kamloops, Terrace, Pender Harbor and a rental property in Vancouver, British Columbia on a freehold basis. Its segment includes Rental, Exploration, and General or administration. The company generates maximum revenue from the Rental segment. It owns an interest in the big onion zone on the iron mask property, which consists of approximately five crown granted mineral claims.