Cosmo Metals (ASX:CMO) PB Ratio : 0.32 (As of May. 25, 2024)

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What is Cosmo Metals PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-25), Cosmo Metals's share price is A$0.042. Cosmo Metals's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.13. Hence, Cosmo Metals's PB Ratio of today is 0.32.

The historical rank and industry rank for Cosmo Metals's PB Ratio or its related term are showing as below:

ASX:CMO' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.41
Current: 0.3

During the past 1 years, Cosmo Metals's highest PB Ratio was 0.41. The lowest was 0.00. And the median was 0.00.

ASX:CMO's PB Ratio is ranked better than
95.41% of 2376 companies
in the Metals & Mining industry
Industry Median: 1.42 vs ASX:CMO: 0.30

During the past 12 months, Cosmo Metals's average Book Value Per Share Growth Rate was -15.80% per year.

Back to Basics: PB Ratio

Cosmo Metals PB Ratio Historical Data

The historical data trend for Cosmo Metals's PB Ratio 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.

Cosmo Metals PB Ratio Chart

Cosmo Metals Annual Data

Trend

Jun23

PB Ratio

0.64

Cosmo Metals Semi-Annual Data
	Dec22	Jun23	Dec23
PB Ratio	0.89	0.64	0.45

Competitive Comparison of Cosmo Metals's PB Ratio

For the Other Industrial Metals & Mining subindustry, Cosmo Metals's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Cosmo Metals's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Cosmo Metals's PB Ratio distribution charts can be found below:

* The bar in red indicates where Cosmo Metals's PB Ratio falls into.

Cosmo Metals PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Cosmo Metals's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.042	/	0.133
	=	0.32

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Cosmo Metals (ASX:CMO) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Cosmo Metals PB Ratio Related Terms

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