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Western Mines Group (ASX:WMG) PB Ratio : 2.61 (As of Jun. 22, 2024)


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What is Western Mines Group 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 (2024-06-22), Western Mines Group's share price is A$0.345. Western Mines Group's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.13. Hence, Western Mines Group's PB Ratio of today is 2.61.

The historical rank and industry rank for Western Mines Group's PB Ratio or its related term are showing as below:

ASX:WMG' s PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 8.62
Current: 2.61

During the past 3 years, Western Mines Group's highest PB Ratio was 8.62. The lowest was 0.00. And the median was 0.00.

ASX:WMG's PB Ratio is ranked worse than
72.74% of 2377 companies
in the Metals & Mining industry
Industry Median: 1.31 vs ASX:WMG: 2.61

During the past 12 months, Western Mines Group's average Book Value Per Share Growth Rate was 20.00% per year.

Back to Basics: PB Ratio


Western Mines Group PB Ratio Historical Data

The historical data trend for Western Mines Group'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.

Western Mines Group PB Ratio Chart

Western Mines Group Annual Data
Trend Jun21 Jun22 Jun23
PB Ratio
- 1.03 3.44

Western Mines Group Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
PB Ratio 1.53 1.03 1.45 3.44 1.97

Competitive Comparison of Western Mines Group's PB Ratio

For the Gold subindustry, Western Mines Group'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.


Western Mines Group's PB Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Western Mines Group's PB Ratio falls into.



Western Mines Group 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.

Western Mines Group's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=0.345/0.132
=2.61

* 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.


Western Mines Group  (ASX:WMG) 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.


Western Mines Group PB Ratio Related Terms

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Western Mines Group (ASX:WMG) Business Description

Traded in Other Exchanges
N/A
Address
33 Ord Street, Level 3, West Perth, WA, AUS, 6005
Western Mines Group Ltd is a mineral exploration company engaged in the exploration and discovery of high-value gold and nickel sulphide deposits across a portfolio prospective projects located on mineral belts of Western Australia. Some of its projects include Mulga Tank Ni-Cu-PGE Project, Melita Gold Project, Jasper Hill Gold Project, Youanmi Gold Project, Pavarotti Ni-Cu-PGE Project, Rock of Ages Gold Project, Broken Hill Bore Gold Project, and Pinyalling Gold Project.