Thistle Resources (TSXV:TRCG) PB Ratio: (As of Aug. 01, 2026)

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TSXV:TRCG Thistle Resources Inc TSXV:TRCG
12 GF Score
Price C$0.19
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What is Thistle 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 (2026-08-01), Thistle Resources's share price is C$0.19. Thistle Resources's Book Value per Share for the quarter that ended in Mar. 2026 was C$-0.04. Hence, Thistle Resources's PB Ratio of today is .

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

TSXV:TRCG's PB Ratio is not ranked *
in the Metals & Mining industry.
Industry Median: 2.11
* Ranked among companies with meaningful PB Ratio only.

During the past 3 years, the average Book Value Per Share Growth Rate was -12.60% per year.

During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Thistle Resources was -12.60% per year. The lowest was -12.60% per year. And the median was -12.60% per year.

Back to Basics: PB Ratio

Thistle Resources  (TSXV:TRCG) 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.

Thistle Resources PB Ratio Related Terms

Thistle Resources PB Ratio Historical Data

* Premium members only.

The historical data trend for Thistle 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.

Thistle Resources PB Ratio Chart

Thistle Resources Annual Data
Trend Dec22 Dec23 Dec24 Dec25
PB Ratio
0.00 0.00 0.00 0.00

Thistle Resources Quarterly Data
Dec22 Jun23 Dec23 Jun24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Thistle Resources PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Thistle 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.

Thistle Resources PB Ratio vs Metals & Mining Industry

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

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


TSXV:TRCG
12GF Score
Thistle Resources Inc TSXV:TRCG
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thistle 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.

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

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=0.19/-0.035
=

* 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:

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.

Thistle Resources Business Description

Address 77 King Street West, Suite 3000, TD Centre North Tower, Toronto, ON, CAN, M5K 1G8
Thistle Resources Inc is engaged in base and precious metal exploration in the Bathurst Mining Camp, New Brunswick, and the Cape Breton Highlands Region, Nova Scotia. The company wholly-owns the following mineral exploration projects: Middle River Gold Project; Middle River VMS Project; Celtic Highlands Project and Alba Forks Project. It has acquired the option to purchase the mineral claims associated with the Brunswick Gold-Silver Project.
12GF Score

Get the complete analysis for TSXV:TRCG

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$0.19
Price