Dreadnought Resources (ASX:DRE) PB Ratio : 1.06 (As of May. 17, 2024)

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What is Dreadnought Resources 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 (2024-05-17), Dreadnought Resources's share price is A$0.017. Dreadnought Resources's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.02. Hence, Dreadnought Resources's PB Ratio of today is 1.06.

Warning Sign:

Dreadnought Resources Ltd stock PB Ratio (=1.13) is close to 1-year high of 1.13

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

ASX:DRE' s PB Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.18 Max: 1.27
Current: 1.06

During the past 13 years, Dreadnought Resources's highest PB Ratio was 1.27. The lowest was 0.09. And the median was 0.18.

ASX:DRE's PB Ratio is ranked better than
63.28% of 2383 companies
in the Metals & Mining industry
Industry Median: 1.42 vs ASX:DRE: 1.06

During the past 12 months, Dreadnought Resources's average Book Value Per Share Growth Rate was 60.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 95.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 68.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Dreadnought Resources was 95.70% per year. The lowest was -73.10% per year. And the median was -44.75% per year.

Back to Basics: PB Ratio

Dreadnought Resources PB Ratio Historical Data

The historical data trend for Dreadnought Resources'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.

Dreadnought Resources PB Ratio Chart

Dreadnought Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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5.00

4.80

6.71

3.47

Dreadnought Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															5.13	6.71	10.50	3.47	1.88

Competitive Comparison of Dreadnought Resources's PB Ratio

For the Other Industrial Metals & Mining subindustry, Dreadnought Resources'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.

Dreadnought Resources's PB Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Dreadnought Resources's PB Ratio falls into.

Dreadnought Resources 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.

Dreadnought Resources's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.017	/	0.016
	=	1.06

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.

Dreadnought Resources (ASX:DRE) 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.

Dreadnought Resources PB Ratio Related Terms

Thank you for viewing the detailed overview of Dreadnought Resources's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Dreadnought Resources (ASX:DRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dreadnought Resources Ltd (ASX:DRE) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 William Street, Level 3, PO Box 712, Osborne Park, WA, AUS, 6916

Website

https://www.dreadnoughtresources.com.au

Dreadnought Resources Ltd is a natural resource exploration and development company. It focuses on the gold exploration and resource development in the Tanami region of the Northern Territory. Its projects include Illaara Gold, Rocky Dam Gold & VMS Project, Tarraji-Yampi Ni-Cu-Au.