Pure Gold Mining (TSXV:PGM.H) PB Ratio : 0.32 (As of Apr. 29, 2024)

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What is Pure Gold Mining 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 (2024-04-29), Pure Gold Mining's share price is C$0.0125. Pure Gold Mining's Book Value per Share for the quarter that ended in Sep. 2022 was C$0.04. Hence, Pure Gold Mining's PB Ratio of today is 0.32.

The historical rank and industry rank for Pure Gold Mining's PB Ratio or its related term are showing as below:

TSXV:PGM.H' s PB Ratio Range Over the Past 10 Years
Min: 0.26 Med: 2.84 Max: 10.51
Current: 0.32

During the past 13 years, Pure Gold Mining's highest PB Ratio was 10.51. The lowest was 0.26. And the median was 2.84.

TSXV:PGM.H's PB Ratio is not ranked
in the Metals & Mining industry.
Industry Median: 1.38 vs TSXV:PGM.H: 0.32

During the past 12 months, Pure Gold Mining's average Book Value Per Share Growth Rate was -79.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 23.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -8.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Pure Gold Mining was 23.50% per year. The lowest was -63.50% per year. And the median was -13.50% per year.

Back to Basics: PB Ratio

Pure Gold Mining PB Ratio Historical Data

The historical data trend for Pure Gold Mining'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.

Pure Gold Mining PB Ratio Chart

Pure Gold Mining Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

PB Ratio

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4.14

7.06

5.87

16.97

4.25

Pure Gold Mining 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															4.64	4.25	3.51	1.77	3.59

Competitive Comparison of Pure Gold Mining's PB Ratio

For the Gold subindustry, Pure Gold Mining'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.

Pure Gold Mining's PB Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Pure Gold Mining's PB Ratio falls into.

Pure Gold Mining 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.

Pure Gold Mining's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2022)
	=	0.0125	/	0.039
	=	0.32

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.

Pure Gold Mining (TSXV:PGM.H) 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.

Pure Gold Mining PB Ratio Related Terms

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

Pure Gold Mining (TSXV:PGM.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pure Gold Mining Inc (TSXV:PGM.H) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

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Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.puregoldmining.ca

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.

Pure Gold Mining (TSXV:PGM.H) Headlines

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