Comet Industries (TSXV:CMU) PB Ratio : 1.90 (As of Apr. 17, 2025)

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What is Comet Industries 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 (2025-04-17), Comet Industries's share price is C$4.00. Comet Industries's Book Value per Share for the quarter that ended in Oct. 2024 was C$2.11. Hence, Comet Industries's PB Ratio of today is 1.90.

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

TSXV:CMU' s PB Ratio Range Over the Past 10 Years
Min: 1.53 Med: 10.98 Max: 22.73
Current: 1.9

During the past 13 years, Comet Industries's highest PB Ratio was 22.73. The lowest was 1.53. And the median was 10.98.

TSXV:CMU's PB Ratio is ranked worse than
80.85% of 1718 companies
in the Real Estate industry
Industry Median: 0.77 vs TSXV:CMU: 1.90

During the past 12 months, Comet Industries's average Book Value Per Share Growth Rate was 444.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 93.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 42.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 25.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Comet Industries was 93.70% per year. The lowest was -42.70% per year. And the median was 6.15% per year.

Back to Basics: PB Ratio

Comet Industries PB Ratio Historical Data

The historical data trend for Comet Industries'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.

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Comet Industries PB Ratio Chart

Comet Industries Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

PB Ratio

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14.11

10.14

7.77

12.25

1.91

Comet Industries Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Jul24	Oct24
PB Ratio	Get a 7-Day Free Trial															9.95	1.84	1.91	2.01	2.02

Competitive Comparison of Comet Industries's PB Ratio

For the Real Estate Services subindustry, Comet Industries'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.

Comet Industries's PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Comet Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Comet Industries's PB Ratio falls into.

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Comet Industries 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.

Comet Industries's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Oct. 2024)
	=	4.00	/	2.106
	=	1.90

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.

Comet Industries (TSXV:CMU) 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.

Comet Industries PB Ratio Related Terms

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Comet Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Comet Industries Ltd (TSXV:CMU) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

1177 West Hastings Street, Suite 1610, Vancouver, BC, CAN, V6E 2K3

Website

Comet Industries Ltd is an exploration-stage company. Principally, it is engaged in the business of acquiring and holding mineral properties and holding and managing real properties, in British Columbia. The company owns unimproved land in Kamloops, Terrace, and Pender Harbor, and a rental property in Vancouver, British Columbia on a freehold basis. Its segment includes Rental, Exploration, and General or administration. The company generates maximum revenue from the Rental segment. It owns an interest in the Big Onion zone on the Iron Mask property, which consists of approximately five crown-granted mineral claims.

Executives