GoGold Resources (TSX:GGD) PB Ratio : 1.23 (As of Apr. 29, 2024)

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What is GoGold Resources 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 (2024-04-29), GoGold Resources's share price is C$1.42. GoGold Resources's Book Value per Share for the quarter that ended in Dec. 2023 was C$1.15. Hence, GoGold Resources's PB Ratio of today is 1.23.

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

TSX:GGD' s PB Ratio Range Over the Past 10 Years
Min: 0.32 Med: 1.31 Max: 3.93
Current: 1.29

During the past 13 years, GoGold Resources's highest PB Ratio was 3.93. The lowest was 0.32. And the median was 1.31.

TSX:GGD's PB Ratio is ranked better than
52.76% of 2394 companies
in the Metals & Mining industry
Industry Median: 1.38 vs TSX:GGD: 1.29

During the past 12 months, GoGold Resources's average Book Value Per Share Growth Rate was 5.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 22.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of GoGold Resources was 187.50% per year. The lowest was -19.30% per year. And the median was 10.85% per year.

Back to Basics: PB Ratio

GoGold Resources PB Ratio Historical Data

The historical data trend for GoGold 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.

* Premium members only.

GoGold Resources PB Ratio Chart

GoGold Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

PB Ratio

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1.19

1.79

2.94

1.46

1.04

GoGold Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.98	1.77	1.31	1.04	1.17

Competitive Comparison of GoGold Resources's PB Ratio

For the Other Precious Metals & Mining subindustry, GoGold 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.

GoGold Resources's PB Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where GoGold Resources's PB Ratio falls into.

GoGold Resources 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.

GoGold Resources's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.42	/	1.154
	=	1.23

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.

GoGold Resources (TSX:GGD) 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.

GoGold Resources PB Ratio Related Terms

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GoGold Resources (TSX:GGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoGold Resources Inc (TSX:GGD) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

GLGDF:USA GGD:Germany

Address

2000 Barrington Street, Suite 1301, Cogswell Tower, Halifax, NS, CAN, B3J 3K1

Website

https://www.gogoldresources.com

GoGold Resources Inc is a Canadian-based company engaged in the business of exploration, development, and production of gold, copper and silver. It operates in two segments: Mexico, which accounts for the majority of revenue; and Canada. Its Mexico segment consists of the Parral project and the Los Ricos project and the Corporation's corporate offices as the Canadian segment.

GoGold Resources (TSX:GGD) Headlines

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