Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Asarian EnergyTSX:ARN +3.45%37 PB Ratio is 3.39 as of Aug. 13, 2026. GuruFocus rates TSX:ARN with a GF Score™ of 37/100. The stock has 2 warning signs investors should review. Among 2,359 Metals & Mining companies, Asarian Energy ranks worse than 63.63% 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 (2026-08-13), Asarian Energy's share price is C$0.60. Asarian Energy's Book Value per Share for the quarter that ended in Jun. 2026 was C$0.18. Hence, Asarian Energy's PB Ratio of today is 3.39.
The historical rank and industry rank for Asarian Energy's PB Ratio or its related term are showing as below:
TSX:ARN'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.39
Current: 3.39
During the past 13 years, Asarian Energy's highest PB Ratio was 3.39. The lowest was 0.00. And the median was 0.00.
TSX:ARN's PB Ratio is ranked worse than 63.63% of 2359
companies
in the Metals & Mining industry
Industry Median: 2.31
vs TSX:ARN: 3.39
During the past 12 months, Asarian Energy's average Book Value Per Share Growth Rate was 46.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -10.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Asarian Energy was 487.70% per year. The lowest was -48.50% per year. And the median was -6.60% 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.
Asarian Energy PB Ratio Related Terms
Asarian Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for Asarian Energy'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, Asarian Energy'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.
Asarian Energy PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Asarian Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Asarian Energy'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.
Asarian Energy'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.
Asarian Energy (TSX:ARN) has a PB Ratio of 3.39 as of Aug. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Asarian Energy and its competitors. According to the industry distribution chart, Asarian Energy ranks #1501 out of 2359 companies in the Metals & Mining industry, placing it in the top 63.6%.
Is Asarian Energy's PB Ratio too high?
Asarian Energy's current PB Ratio is 3.39. The Metals & Mining industry median PB Ratio is 2.31. Asarian Energy's value of 3.39 is 46.8% above this industry median. Based on the distribution chart, Asarian Energy ranks #1501 out of 2359 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Asarian Energy has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Asarian Energy's PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Asarian Energy ranks #1501 out of 2359 companies for PB Ratio. This places Asarian Energy in the lower half of its industry. The industry median PB Ratio is 2.31. Asarian Energy's value of 3.39 is 46.8% 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 2.31, based on 2,359 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. Asarian Energy's current PB Ratio of 3.39 is 46.8% 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 Asarian Energy and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asarian Energy's current PB Ratio is 3.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asarian Energy stock overvalued right now?
Asarian Energy (TSX:ARN) has a current PB Ratio of 3.39. The current PB Ratio is 3.39 and 46.8% above the Metals & Mining industry median of 2.31. Asarian Energy's overall GF Score™ is 37/100 with 2 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 Asarian Energy (TSX:ARN), the current PB Ratio is 3.39 as of Aug. 13, 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.
Forsys Metals Corp is engaged in the acquisition, exploration, and development of mineral properties in Namibia, Africa. The Company's operations are focused on its uranium projects, including the Norasa Uranium Project, Valencia Uranium Project, and Namibplaas Uranium Project.
37GF Score
Get the complete analysis for TSX:ARN
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:ARN has been successfully added to your 
