Nine Mile Metals (Nine Mile Metals) PB Ratio : 0.99 (As of May. 12, 2024)

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What is Nine Mile Metals 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 (2024-05-12), Nine Mile Metals's share price is $0.0565. Nine Mile Metals's Book Value per Share for the quarter that ended in Dec. 2023 was $0.06. Hence, Nine Mile Metals's PB Ratio of today is 0.99.

The historical rank and industry rank for Nine Mile Metals's PB Ratio or its related term are showing as below:

VMSXF' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 7.5
Current: 0.99

During the past 5 years, Nine Mile Metals's highest PB Ratio was 7.50. The lowest was 0.00. And the median was 0.00.

VMSXF's PB Ratio is ranked better than
65.83% of 2391 companies
in the Metals & Mining industry
Industry Median: 1.42 vs VMSXF: 0.99

During the past 12 months, Nine Mile Metals's average Book Value Per Share Growth Rate was -23.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 37.30% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Nine Mile Metals was 37.30% per year. The lowest was 1.70% per year. And the median was 19.50% per year.

Back to Basics: PB Ratio

Nine Mile Metals PB Ratio Historical Data

The historical data trend for Nine Mile Metals'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.

Nine Mile Metals PB Ratio Chart

Nine Mile Metals Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

PB Ratio

3.07

2.49

0.92

Nine Mile Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															2.49	2.88	3.24	0.92	1.49

Competitive Comparison of Nine Mile Metals's PB Ratio

For the Gold subindustry, Nine Mile Metals'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.

Nine Mile Metals's PB Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nine Mile Metals's PB Ratio falls into.

Nine Mile Metals 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.

Nine Mile Metals's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.0565	/	0.057
	=	0.99

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.

Nine Mile Metals (OTCPK:VMSXF) 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.

Nine Mile Metals PB Ratio Related Terms

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Nine Mile Metals (Nine Mile Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nine Mile Metals Ltd (OTCPK:VMSXF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

NINE:Canada

Address

350 - 1650 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4

Website

https://www.ninemilemetals.com

Nine Mile Metals Ltd is a gold exploration company focused on acquiring mineral properties. The principal business of the Company is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Millennium Gold Property, Nine-mile brook, California lake, and Canoe lake. It conducts exploration activities in the United States.