Oz Minerals (ASX:OZL) Price-to-Tangible-Book : 2.41 (As of Apr. 26, 2024)

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What is Oz Minerals Price-to-Tangible-Book?

As of today (2024-04-26), Oz Minerals's share price is A$28.19. Oz Minerals's Tangible Book per Share of Dec. 2022 for the quarter that ended in Dec. 2022 was A$11.68. Hence, Oz Minerals's Price to Tangible Book Ratio of today is 2.41.

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

ASX:OZL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.46 Med: 1.34 Max: 5.45
Current: 2.41

During the past 13 years, Oz Minerals's highest Price to Tangible Book Ratio was 5.45. The lowest was 0.46. And the median was 1.34.

ASX:OZL's Price-to-Tangible-Book is not ranked
in the Metals & Mining industry.
Industry Median: 1.32 vs ASX:OZL: 2.41

A closely related ratio is called PB Ratio. As of today, Oz Minerals's share price is A$28.19. Oz Minerals's Book Value per Sharefor the quarter that ended in Dec. 2022 was A$11.68. Hence, Oz Minerals's P/B Ratio of today is 2.41.

Oz Minerals Price-to-Tangible-Book Historical Data

The historical data trend for Oz Minerals'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.

Oz Minerals Price-to-Tangible-Book Chart

Oz Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.97

1.15

1.95

2.52

2.39

Oz Minerals Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.95	2.15	2.52	1.56	2.39

Competitive Comparison of Oz Minerals's Price-to-Tangible-Book

For the Copper subindustry, Oz Minerals'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.

Oz Minerals's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Oz Minerals Price-to-Tangible-Book Calculation

Oz Minerals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2022 )
	=	28.19	/	11.683
	=	2.41

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.

Oz Minerals Price-to-Tangible-Book Related Terms

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

Oz Minerals (ASX:OZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oz Minerals Ltd (ASX:OZL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

2 Hamra Drive, Adelaide Airport, Adelaide, SA, AUS, 5950

Website

https://www.ozminerals.com

Oz Minerals is a midtier miner that produced 125,000 metric tons of copper and 240,000 ounces of gold in 2021. Production is mainly from Carrapateena and Prominent Hill mines in South Australia, with Brazil a minor contributor. It is increasing production at its Australian mines while also pursuing incremental production in Brazil, targeting annual production of 220,000 metric tons of copper and 400,000 ounces of gold later this decade. Carrapateena and Prominent Hill's cash costs will likely remain in the lowest quartile of the cost curve once expanded, while Brazilian operations are smaller and higher cost. The West Musgrave nickel project in Western Australia is likely to be approved in 2022, which will add an average of 26,000 metric tons of nickel for its 20-year-plus life.

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