MetalsGrove Mining (ASX:MGA) PB Ratio : 0.51 (As of Jun. 21, 2024)

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What is MetalsGrove Mining 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 (2024-06-21), MetalsGrove Mining's share price is A$0.052. MetalsGrove Mining's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.10. Hence, MetalsGrove Mining's PB Ratio of today is 0.51.

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

ASX:MGA' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0.78
Current: 0.51

During the past 1 years, MetalsGrove Mining's highest PB Ratio was 0.78. The lowest was 0.00. And the median was 0.00.

ASX:MGA's PB Ratio is ranked better than
82.5% of 2377 companies
in the Metals & Mining industry
Industry Median: 1.32 vs ASX:MGA: 0.51

During the past 12 months, MetalsGrove Mining's average Book Value Per Share Growth Rate was -9.70% per year.

Back to Basics: PB Ratio

MetalsGrove Mining PB Ratio Historical Data

The historical data trend for MetalsGrove Mining'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.

MetalsGrove Mining PB Ratio Chart

MetalsGrove Mining Annual Data

Trend

Jun23

PB Ratio

1.01

MetalsGrove Mining Semi-Annual Data
	Dec22	Jun23	Dec23
PB Ratio	1.33	1.01	0.69

Competitive Comparison of MetalsGrove Mining's PB Ratio

For the Other Industrial Metals & Mining subindustry, MetalsGrove Mining'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.

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

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

* The bar in red indicates where MetalsGrove Mining's PB Ratio falls into.

MetalsGrove Mining 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.

MetalsGrove Mining's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.052	/	0.102
	=	0.51

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.

MetalsGrove Mining (ASX:MGA) 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.

MetalsGrove Mining PB Ratio Related Terms

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MetalsGrove Mining (ASX:MGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MetalsGrove Mining Ltd (ASX:MGA) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

123A Colin Street, Suite 6, West Perth, Perth, WA, AUS, 6005

Website

https://www.metalsgrove.com.au

MetalsGrove Mining Ltd is an Australian-based exploration and development company, focused on the exploration and development of its portfolio of high-quality lithium, rare earth, copper-gold, manganese, and base metal projects in Western Australia and the Northern Territory. Its projects include Upper Coondina Project; Bruce Project; Box Hole project; Edwards Creek project; and Woodie Woodie North Manganese Project.