Turquoise Hill Resources (Turquoise Hill Resources) Price-to-Tangible-Book : 0.69 (As of Apr. 26, 2024)

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What is Turquoise Hill Resources Price-to-Tangible-Book?

As of today (2024-04-26), Turquoise Hill Resources's share price is $31.41. Turquoise Hill Resources's Tangible Book per Share of Sep. 2022 for the quarter that ended in Sep. 2022 was $45.51. Hence, Turquoise Hill Resources's Price to Tangible Book Ratio of today is 0.69.

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

TRQ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.09 Med: 1.03 Max: 20.08
Current: 0.71

During the past 13 years, Turquoise Hill Resources's highest Price to Tangible Book Ratio was 20.08. The lowest was 0.09. And the median was 1.03.

TRQ's Price-to-Tangible-Book is not ranked
in the Metals & Mining industry.
Industry Median: 1.33 vs TRQ: 0.71

A closely related ratio is called PB Ratio. As of today, Turquoise Hill Resources's share price is $31.41. Turquoise Hill Resources's Book Value per Sharefor the quarter that ended in Sep. 2022 was $45.51. Hence, Turquoise Hill Resources's P/B Ratio of today is 0.69.

Turquoise Hill Resources Price-to-Tangible-Book Historical Data

The historical data trend for Turquoise Hill 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.

Turquoise Hill Resources Price-to-Tangible-Book Chart

Turquoise Hill Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.77

0.36

0.16

0.26

0.33

Turquoise Hill Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.30	0.33	0.67	0.59	0.65

Competitive Comparison of Turquoise Hill Resources's Price-to-Tangible-Book

For the Copper subindustry, Turquoise Hill 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.

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

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

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

Turquoise Hill Resources Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2022 )
	=	31.41	/	45.506
	=	0.69

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.

Turquoise Hill Resources Price-to-Tangible-Book Related Terms

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

Turquoise Hill Resources (Turquoise Hill Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Turquoise Hill Resources Ltd (NYSE:TRQ) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Place Ville-Marie, Suite 3680, Montreal, QC, CAN, H3B 3P2

Website

https://www.turquoisehill.com

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border.

Executives

Sailingstone Capital Partners Llc	10 percent owner	100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Sailingstone Holdings Llc	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111
Mackenzie B Davis	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 941111
Settles Kenneth L Jr	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111