Variscan Mines (Variscan Mines) PB Ratio : 2.59 (As of May. 27, 2024)

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What is Variscan Mines 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 (2024-05-27), Variscan Mines's share price is $0.044. Variscan Mines's Book Value per Share for the quarter that ended in Dec. 2023 was $0.02. Hence, Variscan Mines's PB Ratio of today is 2.59.

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

PLTSF' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 4.62
Current: 0.27

During the past 13 years, Variscan Mines's highest PB Ratio was 4.62. The lowest was 0.00. And the median was 0.00.

PLTSF's PB Ratio is ranked better than
96.43% of 2378 companies
in the Metals & Mining industry
Industry Median: 1.42 vs PLTSF: 0.27

During the past 12 months, Variscan Mines's average Book Value Per Share Growth Rate was -18.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -30.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Variscan Mines was 131.00% per year. The lowest was -58.40% per year. And the median was -10.80% per year.

Back to Basics: PB Ratio

Variscan Mines PB Ratio Historical Data

The historical data trend for Variscan Mines'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.

Variscan Mines PB Ratio Chart

Variscan Mines Annual Data

Trend

Jun14

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PB Ratio

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Variscan Mines 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															-	-	-	-	-

Competitive Comparison of Variscan Mines's PB Ratio

For the Other Industrial Metals & Mining subindustry, Variscan Mines'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.

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

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

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

Variscan Mines 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.044	/	0.017
	=	2.59

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.

Variscan Mines (OTCPK:PLTSF) 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.

Variscan Mines PB Ratio Related Terms

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Variscan Mines (Variscan Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Variscan Mines Ltd (OTCPK:PLTSF) » Definitions » PB Ratio

Comparable Companies

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VAR:Australia

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.variscan.com.au

Variscan Mines Ltd is engaged in exploring and developing mineral properties in Europe and Australia. It focuses on base metals, such as copper, lead, zinc, and nickel; precious metals comprising gold and silver; and tin, and tungsten deposits. It holds an interest in the Merleac, Silfiac, Tennie, Beaulieu, Loc Enrel, St Pierre, and Couflents licenses located in France. The company also owns an interest in Olary, Broken Hill, Euriowie, Callabonna, Quinyambie, and Hillston projects located in Curnamona Craton, South Australia; and the Ghost Rider and Achilles projects of the Lachlan Orogen in New South Wales. The firm operates in two geographical segments, being Australia and Spain.

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