Turquoise Hill Resources (TSX:TRQ) PB Ratio : 0.71 (As of Apr. 25, 2024)

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What is Turquoise Hill 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 (2024-04-25), Turquoise Hill Resources's share price is C$42.99. Turquoise Hill Resources's Book Value per Share for the quarter that ended in Sep. 2022 was C$60.70. Hence, Turquoise Hill Resources's PB Ratio of today is 0.71.

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

TSX:TRQ' s PB Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.65 Max: 2.88
Current: 0.71

During the past 13 years, Turquoise Hill Resources's highest PB Ratio was 2.88. The lowest was 0.08. And the median was 0.65.

TSX:TRQ's PB Ratio is not ranked
in the Metals & Mining industry.
Industry Median: 1.37 vs TSX:TRQ: 0.71

During the past 12 months, Turquoise Hill Resources's average Book Value Per Share Growth Rate was -3.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Turquoise Hill Resources was 92.40% per year. The lowest was -29.60% per year. And the median was 1.10% per year.

Back to Basics: PB Ratio

Turquoise Hill Resources PB Ratio Historical Data

The historical data trend for Turquoise Hill 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.

Turquoise Hill Resources PB Ratio Chart

Turquoise Hill Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

PB Ratio

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0.76

0.36

0.16

0.26

0.32

Turquoise Hill Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
PB Ratio	Get a 7-Day Free Trial															0.30	0.32	0.66	0.59	0.67

Competitive Comparison of Turquoise Hill Resources's PB Ratio

For the Copper subindustry, Turquoise Hill 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.

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

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

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

Turquoise Hill 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2022)
	=	42.99	/	60.701
	=	0.71

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.

Turquoise Hill Resources (TSX:TRQ) 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.

Turquoise Hill Resources PB Ratio Related Terms

Thank you for viewing the detailed overview of Turquoise Hill Resources's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Turquoise Hill Resources (TSX:TRQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Turquoise Hill Resources Ltd (TSX:TRQ) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Place Ville-Marie, Suite 3680, Montreal, QC, CAN, H3B 3P2

Website

https://www.turquoisehill.com

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border.