Westgold Resources (Westgold Resources) PB Ratio : 1.63 (As of Apr. 27, 2024)

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What is Westgold 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), Westgold Resources's share price is $1.485. Westgold Resources's Book Value per Share for the quarter that ended in Dec. 2023 was $0.91. Hence, Westgold Resources's PB Ratio of today is 1.63.

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

WGXRF' s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 1.55 Max: 2.25
Current: 1.71

During the past 7 years, Westgold Resources's highest PB Ratio was 2.25. The lowest was 0.58. And the median was 1.55.

WGXRF's PB Ratio is ranked worse than
57.58% of 2395 companies
in the Metals & Mining industry
Industry Median: 1.38 vs WGXRF: 1.71

During the past 12 months, Westgold Resources's average Book Value Per Share Growth Rate was 11.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.90% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Westgold Resources was 8.60% per year. The lowest was 0.60% per year. And the median was 5.60% per year.

Back to Basics: PB Ratio

Westgold Resources PB Ratio Historical Data

The historical data trend for Westgold 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.

Westgold Resources PB Ratio Chart

Westgold Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

Get a 7-Day Free Trial

1.30

1.63

1.41

0.98

1.10

Westgold Resources Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial										1.45	0.98	0.69	1.10	1.67

Competitive Comparison of Westgold Resources's PB Ratio

For the Gold subindustry, Westgold 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.

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

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

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

Westgold 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.485	/	0.909
	=	1.63

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.

Westgold Resources (OTCPK:WGXRF) 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.

Westgold Resources PB Ratio Related Terms

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

Westgold Resources (Westgold Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westgold Resources Ltd (OTCPK:WGXRF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

0W2:Germany WGX:Australia

Address

200 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.westgold.com.au

Westgold Resources Ltd is engaged in the exploration, development, and operation of gold mines, predominantly in Western Australia. The company comprises the following reportable segments - Murchison Operations, Bryah Operations and others. Murchison Operations segment contributes to the vast majority of revenue.