Altai Resources (TSXV:ATI) PB Ratio : 0.76 (As of Apr. 27, 2024)

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What is Altai 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 (2024-04-27), Altai Resources's share price is C$0.06. Altai Resources's Book Value per Share for the quarter that ended in Sep. 2023 was C$0.08. Hence, Altai Resources's PB Ratio of today is 0.76.

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

TSXV:ATI' s PB Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.78 Max: 4.72
Current: 0.76

During the past 13 years, Altai Resources's highest PB Ratio was 4.72. The lowest was 0.15. And the median was 0.78.

TSXV:ATI's PB Ratio is ranked better than
74.07% of 991 companies
in the Oil & Gas industry
Industry Median: 1.23 vs TSXV:ATI: 0.76

During the past 12 months, Altai Resources's average Book Value Per Share Growth Rate was -2.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -2.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -14.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Altai Resources was 62.70% per year. The lowest was -39.60% per year. And the median was -10.10% per year.

Back to Basics: PB Ratio

Altai Resources PB Ratio Historical Data

The historical data trend for Altai 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.

Altai Resources PB Ratio Chart

Altai Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

PB Ratio

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1.33

0.81

0.89

1.38

0.99

Altai Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
PB Ratio	Get a 7-Day Free Trial															0.74	0.99	0.93	0.80	0.82

Competitive Comparison of Altai Resources's PB Ratio

For the Oil & Gas E&P subindustry, Altai 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.

Altai Resources's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Altai Resources's PB Ratio distribution charts can be found below:

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

Altai 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	0.06	/	0.079
	=	0.76

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.

Altai Resources (TSXV:ATI) 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.

Altai Resources PB Ratio Related Terms

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

Altai Resources (TSXV:ATI) Business Description

Industry

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ARSEF:USA

Address

895 Don Mills Road, Suite 900, Two Morneau Shepell Centre, Toronto, ON, CAN, M3C 1W3

Website

http://www.altairesources.com

Altai Resources Inc is a Canadian based resource company, with a diversified portfolio of natural gas, oil and gold properties in Canada. It is engaged in the exploration and development of mineral properties. The company's properties portfolio includes Sorel-Trois Riviere's natural gas property, Cessford oil field, and Malartic gold project.