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Fortune Minerals (Fortune Minerals) Price-to-Tangible-Book : (As of Apr. 28, 2024)


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

As of today (2024-04-28), Fortune Minerals's share price is $0.03013. Fortune Minerals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-0.01. Hence, Fortune Minerals's Price to Tangible Book Ratio of today is .

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

During the past 13 years, Fortune Minerals's highest Price to Tangible Book Ratio was 1.73. The lowest was 0.07. And the median was 0.42.

FTMDF's Price-to-Tangible-Book is not ranked *
in the Metals & Mining industry.
Industry Median: 1.34
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Fortune Minerals's share price is $0.03013. Fortune Minerals's Book Value per Sharefor the quarter that ended in Dec. 2023 was $-0.01. Hence, Fortune Minerals's P/B Ratio of today is .

Fortune Minerals Price-to-Tangible-Book Historical Data

The historical data trend for Fortune 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.

Fortune Minerals Price-to-Tangible-Book Chart

Fortune Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.40 - - -

Fortune Minerals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.79 0.58 0.58 -

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

For the Other Industrial Metals & Mining subindustry, Fortune 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.

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

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

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


Fortune Minerals Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=0.03013/-0.013
=

* 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.

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.

Fortune Minerals Price-to-Tangible-Book Related Terms

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

Fortune Minerals (Fortune Minerals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Minerals Ltd (OTCPK:FTMDF) » Definitions » Price-to-Tangible-Book
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Traded in Other Exchanges
FT:Canada
Address
617 Wellington Street, London, ON, CAN, N6A 3R6
Website
https://www.fortuneminerals.com
Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.