Novagold ResourcesMEX:NGN 33 PB Ratio is 10.87 as of Jul. 09, 2026. GuruFocus rates MEX:NGN with a GF Score™ of 33/100. The stock has 1 warning sign investors should review. Among 2,353 Metals & Mining companies, Novagold Resources ranks worse than 81.9% on this metric.
The historical rank and industry rank for Novagold Resources's PB Ratio or its related term are showing as below:
MEX:NGN'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 6.34
Current: 6.34
During the past 13 years, Novagold Resources's highest PB Ratio was 6.34. The lowest was 0.00. And the median was 0.00.
MEX:NGN's PB Ratio is ranked worse than 81.9% of 2353
companies
in the Metals & Mining industry
Industry Median: 2.21
vs MEX:NGN: 6.34
During the past 12 months, Novagold Resources's average Book Value Per Share Growth Rate was 129.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 67.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Novagold Resources was 101.10% per year. The lowest was -39.90% per year. And the median was -8.70% 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.
Novagold Resources PB Ratio Related Terms
Novagold Resources PB Ratio Historical Data
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The historical data trend for Novagold 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.
For the Gold subindustry, Novagold 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.
Novagold Resources PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Novagold Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Novagold Resources'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.
* 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.
Novagold Resources (MEX:NGN) has a PB Ratio of 10.87 as of Jul. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Novagold Resources and its competitors. According to the industry distribution chart, Novagold Resources ranks #1927 out of 2353 companies in the Metals & Mining industry, placing it in the top 81.9%.
Is Novagold Resources' PB Ratio too high?
Novagold Resources' current PB Ratio is 10.87. The Metals & Mining industry median PB Ratio is 2.21. Novagold Resources' value of 10.87 is 391.9% above this industry median. Based on the distribution chart, Novagold Resources ranks #1927 out of 2353 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Novagold Resources has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Novagold Resources' PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Novagold Resources ranks #1927 out of 2353 companies for PB Ratio. This places Novagold Resources in the lower half of its industry. The industry median PB Ratio is 2.21. Novagold Resources' value of 10.87 is 391.9% above this benchmark. 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 2.21, based on 2,353 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. Novagold Resources's current PB Ratio of 10.87 is 391.9% 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 Novagold Resources and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novagold Resources's current PB Ratio is 10.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novagold Resources stock overvalued right now?
Novagold Resources (MEX:NGN) has a current PB Ratio of 10.87. The current PB Ratio is 10.87 and 391.9% above the Metals & Mining industry median of 2.21. Novagold Resources' overall GF Score™ is 33/100 with 1 warning sign 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 Novagold Resources (MEX:NGN), the current PB Ratio is 10.87 as of Jul. 09, 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.
Novagold Resources Inc operates in the gold mining industry, focused on advancing the Donlin Gold project in Alaska. The Donlin Gold project is held by Donlin Gold LLC (Donlin Gold), a limited liability company owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The company includes exploration and development activities of gold and other precious metals.
33GF Score
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