Progressive Planet SolutionsASHXF -3.54%34 PB Ratio is 2.20 as of Jun. 25, 2026, which is 28% above its 10-year median of 1.72. GuruFocus rates ASHXF with a GF Score™ of 34/100 and a GF Value™ of $0.14 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,358 Metals & Mining companies, Progressive Planet Solutions ranks worse than 50.68% on this metric.
Progressive Planet Solutions Inc stock PB Ratio (=2.48) is close to 3-year high of 2.57.
The historical rank and industry rank for Progressive Planet Solutions's PB Ratio or its related term are showing as below:
ASHXF'
s PB Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.72 Max: 3.07
Current: 2.32
During the past 13 years, Progressive Planet Solutions's highest PB Ratio was 3.07. The lowest was 0.70. And the median was 1.72.
ASHXF's PB Ratio is ranked worse than 50.68% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.27
vs ASHXF: 2.32
During the past 12 months, Progressive Planet Solutions's average Book Value Per Share Growth Rate was 14.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 20.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Progressive Planet Solutions was 29.00% per year. The lowest was -36.30% per year. And the median was -6.40% per year.
Back to Basics: PB Ratio
Progressive Planet Solutions (OTCPK:ASHXF) PB Ratio Explanation
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.
Progressive Planet Solutions PB Ratio Related Terms
Progressive Planet Solutions PB Ratio Historical Data
* 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.
Progressive Planet Solutions PB Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions'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.
Progressive Planet Solutions PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's PB Ratio distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions's PB Ratio falls into.
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.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Progressive Planet Solutions (ASHXF) has a PB Ratio of 2.20 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Progressive Planet Solutions and its competitors. This is 28% above median its historical median of 1.72. Over the past decade, Progressive Planet Solutions' PB Ratio has ranged from 0.70 to 3.07. According to the industry distribution chart, Progressive Planet Solutions ranks #1195 out of 2358 companies in the Metals & Mining industry, placing it in the top 50.7%.
Is Progressive Planet Solutions' PB Ratio too high?
Progressive Planet Solutions' current PB Ratio of 2.20 is 28% above median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 3.07. The Metals & Mining industry median PB Ratio is 2.27. Progressive Planet Solutions' value of 2.20 is 3.1% below this industry median. Based on the distribution chart, Progressive Planet Solutions ranks #1195 out of 2358 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Progressive Planet Solutions has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Planet Solutions' PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Progressive Planet Solutions ranks #1195 out of 2358 companies for PB Ratio. This places Progressive Planet Solutions in the lower half of its industry. The industry median PB Ratio is 2.27. Progressive Planet Solutions' value of 2.20 is 3.1% below this benchmark. Historically, Progressive Planet Solutions' own PB Ratio has ranged from 0.70 to 3.07 over the past decade. While the company's 10-year median is 1.72 vs. the industry median of 2.27, Progressive Planet Solutions has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.27, based on 2,358 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Progressive Planet Solutions's current PB Ratio of 2.20 is 3.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Progressive Planet Solutions and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Planet Solutions's current PB Ratio is 2.20, which is 28% above median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Planet Solutions stock overvalued right now?
Based on GuruFocus' analysis, Progressive Planet Solutions (ASHXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.14, compared to a current price of $0.23 — trading 65.4% above its estimated fair value. The current PB Ratio is 2.20, which is 28% above median its 10-year median of 1.72 and 3.1% below the Metals & Mining industry median of 2.27. Progressive Planet Solutions' overall GF Score™ is 34/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Progressive Planet Solutions (ASHXF), the current PB Ratio is 2.20 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Progressive Planet Solutions (ASHXF) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Planet Solutions stock appears to be overvalued.
The current stock price of $0.23 is trading 65.4% above its estimated GF Value™ of $0.14.
GuruFocus considers Progressive Planet Solutions to be Significantly Overvalued.
Key valuation signals for ASHXF:
PB Ratio: 2.20 (28% above median its 10-year median of 1.72)
GF Value™: $0.14 vs. price of $0.23 (65.4% above fair value)
Industry Position: 3.1% below the Metals & Mining median (#1195 of 2358)
No single metric tells the full story. See the ASHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Planet Solutions Inc is a manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. It owns a diatomaceous earth mine and a bentonite mine both located in Canada, and is also an operator and partial owner of a zeolite mine. Its expertise lies in developing critical low-carbon and carbon sequestering solutions. The company is also engaged in research and development activities to expand its current operations by developing products for the agricultural and supplementary cementing materials markets. Geographically, its products are sold in the United States where it generates maximum revenue, and in Canada.
34GF Score
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