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Equatorial Resources (ASX:EQX) PB Ratio : 1.16 (As of Jul. 22, 2024)


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What is Equatorial 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 (2024-07-22), Equatorial Resources's share price is A$0.15. Equatorial Resources's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.13. Hence, Equatorial Resources's PB Ratio of today is 1.16.

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

ASX:EQX' s PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 1.43
Current: 1.16

During the past 13 years, Equatorial Resources's highest PB Ratio was 1.43. The lowest was 0.00. And the median was 0.00.

ASX:EQX's PB Ratio is ranked worse than
56.86% of 612 companies
in the Steel industry
Industry Median: 0.97 vs ASX:EQX: 1.16

During the past 12 months, Equatorial Resources's average Book Value Per Share Growth Rate was -14.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -28.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -19.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -9.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Equatorial Resources was 477.90% per year. The lowest was -79.90% per year. And the median was -14.05% per year.

Back to Basics: PB Ratio


Equatorial Resources PB Ratio Historical Data

The historical data trend for Equatorial 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.

Equatorial Resources PB Ratio Chart

Equatorial Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.77 1.01 1.27 1.31

Equatorial 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 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 1.25 1.27 1.26 1.31 0.97

Competitive Comparison of Equatorial Resources's PB Ratio

For the Steel subindustry, Equatorial 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.


Equatorial Resources's PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Equatorial Resources's PB Ratio distribution charts can be found below:

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



Equatorial 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.

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

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=0.15/0.129
=1.16

* 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:

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.


Equatorial Resources  (ASX:EQX) 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.


Equatorial Resources PB Ratio Related Terms

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Equatorial Resources (ASX:EQX) Business Description

Traded in Other Exchanges
N/A
Address
28 The Esplanade, Level 9, BGC Centre, Perth, WA, AUS, 6000
Equatorial Resources Ltd is an iron ore exploration and development company. The company's iron ore projects are located in the Republic of Congo (ROC). The company focuses on advancing its existing mineral resource assets in Africa, as well as searching for new opportunities in the resources sector. It operates the Badondo Iron Project located in the northwest region of the Republic of Congo. Central & West Africa hosts a regional distribution of undeveloped world-class high-grade iron ore deposits. It is comprised of the same rock type and similar geological formation as the Carajas System in South America.