Fortuna MiningTSX:FVI -0.74%94 PB Ratio is 1.51 as of Jul. 11, 2026, which is 34% above its 10-year median of 1.13. GuruFocus rates TSX:FVI with a GF Score™ of 94/100 and a GF Value™ of C$9.39 (Modestly Overvalued). Among 2,352 Metals & Mining companies, Fortuna Mining ranks better than 65.18% 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 (2026-07-11), Fortuna Mining's share price is C$12.03. Fortuna Mining's Book Value per Share for the quarter that ended in Mar. 2026 was C$7.99. Hence, Fortuna Mining's PB Ratio of today is 1.51.
The historical rank and industry rank for Fortuna Mining's PB Ratio or its related term are showing as below:
TSX:FVI'
s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 1.13 Max: 4.44
Current: 1.51
During the past 13 years, Fortuna Mining's highest PB Ratio was 4.44. The lowest was 0.47. And the median was 1.13.
TSX:FVI's PB Ratio is ranked better than 65.18% of 2352
companies
in the Metals & Mining industry
Industry Median: 2.22
vs TSX:FVI: 1.51
During the past 12 months, Fortuna Mining's average Book Value Per Share Growth Rate was 17.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Fortuna Mining was 83.00% per year. The lowest was -20.50% per year. And the median was 9.10% 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.
Fortuna Mining PB Ratio Related Terms
Fortuna Mining PB Ratio Historical Data
* Premium members only.
The historical data trend for Fortuna Mining'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, Fortuna Mining'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.
Fortuna Mining PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fortuna Mining'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.
Fortuna Mining'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.
Fortuna Mining (TSX:FVI) has a PB Ratio of 1.51 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fortuna Mining and its competitors. This is 34% above median its historical median of 1.13. Over the past decade, Fortuna Mining's PB Ratio has ranged from 0.47 to 4.44. According to the industry distribution chart, Fortuna Mining ranks #819 out of 2352 companies in the Metals & Mining industry, placing it in the top 34.8%.
Is Fortuna Mining's PB Ratio too high?
Fortuna Mining's current PB Ratio of 1.51 is 34% above median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 4.44. The Metals & Mining industry median PB Ratio is 2.22. Fortuna Mining's value of 1.51 is 32% below this industry median. Based on the distribution chart, Fortuna Mining ranks #819 out of 2352 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Fortuna Mining has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Fortuna Mining ranks #819 out of 2352 companies for PB Ratio. This puts Fortuna Mining in the upper half of its industry. The industry median PB Ratio is 2.22. Fortuna Mining's value of 1.51 is 32% below this benchmark. Historically, Fortuna Mining's own PB Ratio has ranged from 0.47 to 4.44 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 2.22, Fortuna Mining has consistently been below 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 2.22, based on 2,352 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. Fortuna Mining's current PB Ratio of 1.51 is 32% below 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 Fortuna Mining and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortuna Mining's current PB Ratio is 1.51, which is 34% above median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (TSX:FVI) is currently considered Modestly Overvalued. The stock's GF Value™ is C$9.39, compared to a current price of C$12.03 — trading 28.1% above its estimated fair value. The current PB Ratio is 1.51, which is 34% above median its 10-year median of 1.13 and 32% below the Metals & Mining industry median of 2.22. Fortuna Mining's overall GF Score™ is 94/100. 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 Fortuna Mining (TSX:FVI), the current PB Ratio is 1.51 as of Jul. 11, 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 Fortuna Mining (TSX:FVI) Overvalued in 2026?
Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued.
The current stock price of C$12.03 is trading 28.1% above its estimated GF Value™ of C$9.39.
GuruFocus considers Fortuna Mining to be Modestly Overvalued.
Key valuation signals for TSX:FVI:
PB Ratio: 1.51 (34% above median its 10-year median of 1.13)
GF Value™: C$9.39 vs. price of C$12.03 (28.1% above fair value)
Industry Position: 32% below the Metals & Mining median (#819 of 2352)
No single metric tells the full story. See the TSX:FVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
94GF Score
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