Nickel Industries (ASX:NIC) Price-to-Tangible-Book : 1.13 (As of Apr. 24, 2024)

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What is Nickel Industries Price-to-Tangible-Book?

As of today (2024-04-24), Nickel Industries's share price is A$0.88. Nickel Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.78. Hence, Nickel Industries's Price to Tangible Book Ratio of today is 1.13.

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

ASX:NIC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.89 Med: 1.92 Max: 2.71
Current: 1.13

During the past 5 years, Nickel Industries's highest Price to Tangible Book Ratio was 2.71. The lowest was 0.89. And the median was 1.92.

ASX:NIC's Price-to-Tangible-Book is ranked better than
56.52% of 2240 companies
in the Metals & Mining industry
Industry Median: 1.32 vs ASX:NIC: 1.13

A closely related ratio is called PB Ratio. As of today, Nickel Industries's share price is A$0.88. Nickel Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.85. Hence, Nickel Industries's P/B Ratio of today is 1.04.

Nickel Industries Price-to-Tangible-Book Historical Data

The historical data trend for Nickel Industries'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.

Nickel Industries Price-to-Tangible-Book Chart

Nickel Industries Annual Data

Trend

Jun19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.37

2.71

1.47

0.89

Nickel Industries Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial							2.71	1.44	1.47	1.30	0.89

Competitive Comparison of Nickel Industries's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Nickel Industries'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.

Nickel Industries's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Nickel Industries Price-to-Tangible-Book Calculation

Nickel Industries's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.88	/	0.782
	=	1.13

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.

Nickel Industries Price-to-Tangible-Book Related Terms

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

Nickel Industries (ASX:NIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Industries Ltd (ASX:NIC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NICMF:USA NM5:Germany

Address

66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.nickelmines.com.au

Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. It holds 80% interest in the Hengjaya Nickel and Ranger Nickel projects, both of which operate 2 line Rotary Kiln Electric Furnace (RKEF) plants producing NPI within the Indonesia Morowali Industrial Park (IMIP). Nickel Industries also holds an 80% economic interest in the Hengjaya Mineralindo Nickel Mine ('Hengjaya Mine'), a large tonnage, high-grade saprolite deposit located in the Morowali Regency of Central Sulawesi, Indonesia.