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Tungsten WestLSE:TUN +1.27%32 PB Ratio is 12.31 as of Sep. 06, 2026, which is 2138% above its 10-year median of 0.55. GuruFocus rates LSE:TUN with a GF Score™ of 32/100 and a GF Value™ of £0.04 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,372 Metals & Mining companies, Tungsten West ranks worse than 91.4% on this metric.
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 (2026-09-06), Tungsten West's share price is £0.48. Tungsten West's Book Value per Share for the quarter that ended in Mar. 2026 was £0.04. Hence, Tungsten West's PB Ratio of today is 12.31.
Warning Sign:
Tungsten West PLC stock PB Ratio (=12.31) is close to 5-year high of 12.31.
The historical rank and industry rank for Tungsten West's PB Ratio or its related term are showing as below:
LSE:TUN'
s PB Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.55 Max: 12.31
Current: 12.31
During the past 7 years, Tungsten West's highest PB Ratio was 12.31. The lowest was 0.08. And the median was 0.55.
LSE:TUN's PB Ratio is ranked worse than 91.4% of 2372
companies
in the Metals & Mining industry
Industry Median: 2.39
vs LSE:TUN: 12.31
During the past 3 years, the average Book Value Per Share Growth Rate was -37.50% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Tungsten West was 128.90% per year. The lowest was -37.50% per year. And the median was 125.20% per year.
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.
Tungsten West PB Ratio Related Terms
Tungsten West PB Ratio Historical Data
* Premium members only.
The historical data trend for Tungsten West'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.
For the Other Industrial Metals & Mining subindustry, Tungsten West'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.
Tungsten West PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tungsten West's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tungsten West's PB Ratio falls into.
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.
Tungsten West's PB Ratio for today is calculated as follows:
* 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.
Tungsten West (LSE:TUN) has a PB Ratio of 12.31 as of Sep. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tungsten West and its competitors. This is 2138% above median its historical median of 0.55. Over the past decade, Tungsten West's PB Ratio has ranged from 0.08 to 12.31. According to the industry distribution chart, Tungsten West ranks #2168 out of 2372 companies in the Metals & Mining industry, placing it in the top 91.4%.
Is Tungsten West's PB Ratio too high?
Tungsten West's current PB Ratio of 12.31 is 2138% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 12.31. The Metals & Mining industry median PB Ratio is 2.39. Tungsten West's value of 12.31 is 415.1% above this industry median. Based on the distribution chart, Tungsten West ranks #2168 out of 2372 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Tungsten West has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tungsten West's PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Tungsten West ranks #2168 out of 2372 companies for PB Ratio. This places Tungsten West in the lower half of its industry. The industry median PB Ratio is 2.39. Tungsten West's value of 12.31 is 415.1% above this benchmark. Historically, Tungsten West's own PB Ratio has ranged from 0.08 to 12.31 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 2.39, Tungsten West has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.39, based on 2,372 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tungsten West's current PB Ratio of 12.31 is 415.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tungsten West and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tungsten West's current PB Ratio is 12.31, which is 2138% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tungsten West stock overvalued right now?
Based on GuruFocus' analysis, Tungsten West (LSE:TUN) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.04, compared to a current price of £0.48 — trading 1100% above its estimated fair value. The current PB Ratio is 12.31, which is 2138% above median its 10-year median of 0.55 and 415.1% above the Metals & Mining industry median of 2.39. Tungsten West's overall GF Score™ is 32/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Tungsten West (LSE:TUN), the current PB Ratio is 12.31 as of Sep. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tungsten West (LSE:TUN) Overvalued in 2026?
Based on GuruFocus' analysis, Tungsten West stock appears to be overvalued.
The current stock price of £0.48 is trading 1100% above its estimated GF Value™ of £0.04.
GuruFocus considers Tungsten West to be Significantly Overvalued.
Key valuation signals for LSE:TUN:
PB Ratio: 12.31 (2138% above median its 10-year median of 0.55)
GF Value™: £0.04 vs. price of £0.48 (1100% above fair value)
Industry Position: 415.1% above the Metals & Mining median (#2168 of 2372)
No single metric tells the full story. See the LSE:TUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tungsten West PLC is a mining exploration company. It is engaged in the mining of tungsten and tin and the processing of secondary aggregates at the Hemerdon Mine, located near Plymouth in southern Devon, United Kingdom.
32GF Score
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