Rincon Resources (ASX:RCR) Price-to-Tangible-Book : 1.60 (As of Apr. 28, 2024)

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What is Rincon Resources Price-to-Tangible-Book?

As of today (2024-04-28), Rincon Resources's share price is A$0.069. Rincon Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.04. Hence, Rincon Resources's Price to Tangible Book Ratio of today is 1.60.

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

ASX:RCR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.59 Med: 1.03 Max: 3.03
Current: 1.73

During the past 4 years, Rincon Resources's highest Price to Tangible Book Ratio was 3.03. The lowest was 0.59. And the median was 1.03.

ASX:RCR's Price-to-Tangible-Book is ranked worse than
59.76% of 2239 companies
in the Metals & Mining industry
Industry Median: 1.34 vs ASX:RCR: 1.73

A closely related ratio is called PB Ratio. As of today, Rincon Resources's share price is A$0.069. Rincon Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.04. Hence, Rincon Resources's P/B Ratio of today is 1.60.

Rincon Resources Price-to-Tangible-Book Historical Data

The historical data trend for Rincon Resources'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.

Rincon Resources Price-to-Tangible-Book Chart

Rincon Resources Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

2.22

1.03

0.59

Rincon Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			1.27	1.03	1.00	0.59	0.65

Competitive Comparison of Rincon Resources's Price-to-Tangible-Book

For the Other Precious Metals & Mining subindustry, Rincon Resources'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.

Rincon Resources's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Rincon Resources Price-to-Tangible-Book Calculation

Rincon Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.069	/	0.043
	=	1.60

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.

Rincon Resources Price-to-Tangible-Book Related Terms

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

Rincon Resources (ASX:RCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rincon Resources Ltd (ASX:RCR) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.rinconresources.com.au

Rincon Resources Ltd is engaged in the acquisition, exploration, and development of resource projects in Western Australia with a focus on gold and base metals. Its projects include the South Telfer project, Laverton project, and Kiwirrkurra project. The firm is managed on the basis of the evaluation of its gold and copper exploration tenements in Australia and its corporate activities.

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