Heavy Rare EarthsASX:HRE PB Ratio is 4.00 as of Jun. 24, 2026, which is 18% above its 10-year median of 3.40. The stock has 2 warning signs investors should review. Among 176 Other Energy Sources companies, Heavy Rare Earths ranks worse than 82.39% on this metric.
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.
Heavy Rare Earths PB Ratio Related Terms
Heavy Rare Earths PB Ratio Historical Data
* Premium members only.
The historical data trend for Heavy Rare Earths'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.
For the Uranium subindustry, Heavy Rare Earths'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.
Heavy Rare Earths PB Ratio vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Heavy Rare Earths's PB Ratio distribution charts can be found below:
* The bar in red indicates where Heavy Rare Earths'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.
Heavy Rare Earths (ASX:HRE) has a PB Ratio of 4.00 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Heavy Rare Earths and its competitors. This is 18% above median its historical median of 3.40. Over the past decade, Heavy Rare Earths' PB Ratio has ranged from 1.90 to 5.70. According to the industry distribution chart, Heavy Rare Earths ranks #145 out of 176 companies in the Other Energy Sources industry, placing it in the top 82.4%.
Is Heavy Rare Earths' PB Ratio too high?
Heavy Rare Earths' current PB Ratio of 4.00 is 18% above median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 5.70. The Other Energy Sources industry median PB Ratio is 1.39. Heavy Rare Earths' value of 4.00 is 187.8% above this industry median. Based on the distribution chart, Heavy Rare Earths ranks #145 out of 176 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers.
How does Heavy Rare Earths' PB Ratio compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Heavy Rare Earths ranks #145 out of 176 companies for PB Ratio. This places Heavy Rare Earths in the lower half of its industry. The industry median PB Ratio is 1.39. Heavy Rare Earths' value of 4.00 is 187.8% above this benchmark. Historically, Heavy Rare Earths' own PB Ratio has ranged from 1.90 to 5.70 over the past decade. While the company's 10-year median is 3.40 vs. the industry median of 1.39, Heavy Rare Earths has consistently been above 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 an Other Energy Sources company?
The median PB Ratio among Other Energy Sources companies is 1.39, based on 176 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. Heavy Rare Earths's current PB Ratio of 4.00 is 187.8% above 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 Heavy Rare Earths and its competitors. For the Other Energy Sources industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heavy Rare Earths's current PB Ratio is 4.00, which is 18% above median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heavy Rare Earths stock overvalued right now?
Heavy Rare Earths (ASX:HRE) has a current PB Ratio of 4.00. The current PB Ratio is 4.00, which is 18% above median its 10-year median of 3.40 and 187.8% above the Other Energy Sources industry median of 1.39. 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 Heavy Rare Earths (ASX:HRE), the current PB Ratio is 4.00 as of Jun. 24, 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.
Heavy Rare Earths Ltd is engaged in the evaluation and exploration of heavy rare earths and other resources at its areas of interest located in Western and Southern Australia. Its project portfolio includes: Radium Hill uranium critical minerals project, Prospect Hill uranium critical minerals project, Lake Namba Billeroo uranium project, Perenjori uranium project, Cowalinya rare earth project, and Duke project.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:HRE has been successfully added to your