Kaiser ReefASX:KAU +8.11%35 PB Ratio is 1.53 as of Jul. 02, 2026, which is 31% above its 10-year median of 1.17. GuruFocus rates ASX:KAU with a GF Score™ of 35/100 and a GF Value™ of A$0.30 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,355 Metals & Mining companies, Kaiser Reef ranks better than 65.18% on this metric.
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 (2026-07-02), Kaiser Reef's share price is A$0.20. Kaiser Reef's Book Value per Share for the quarter that ended in Dec. 2025 was A$0.13. Hence, Kaiser Reef's PB Ratio of today is 1.53.
Good Sign:
Kaiser Reef Ltd stock PB Ratio (=1.53) is close to 1-year low of 1.42.
The historical rank and industry rank for Kaiser Reef's PB Ratio or its related term are showing as below:
ASX:KAU'
s PB Ratio Range Over the Past 10 Years
Min: 0.61 Med: 1.17 Max: 3.41
Current: 1.52
During the past 4 years, Kaiser Reef's highest PB Ratio was 3.41. The lowest was 0.61. And the median was 1.17.
ASX:KAU's PB Ratio is ranked better than 65.18% of 2355
companies
in the Metals & Mining industry
Industry Median: 2.26
vs ASX:KAU: 1.52
During the past 12 months, Kaiser Reef's average Book Value Per Share Growth Rate was 4.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -10.40% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Kaiser Reef was -10.40% per year. The lowest was -10.40% per year. And the median was -10.40% per year.
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.
Kaiser Reef PB Ratio Related Terms
Kaiser Reef PB Ratio Historical Data
* Premium members only.
The historical data trend for Kaiser Reef'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 Gold subindustry, Kaiser Reef'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.
Kaiser Reef PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kaiser Reef's PB Ratio distribution charts can be found below:
* The bar in red indicates where Kaiser Reef'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.
Kaiser Reef's PB Ratio for today is calculated as follows:
* 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.
Kaiser Reef (ASX:KAU) has a PB Ratio of 1.53 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Kaiser Reef and its competitors. This is 31% above median its historical median of 1.17. Over the past decade, Kaiser Reef's PB Ratio has ranged from 0.61 to 3.41. According to the industry distribution chart, Kaiser Reef ranks #820 out of 2355 companies in the Metals & Mining industry, placing it in the top 34.8%.
Is Kaiser Reef's PB Ratio too high?
Kaiser Reef's current PB Ratio of 1.53 is 31% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 3.41. The Metals & Mining industry median PB Ratio is 2.26. Kaiser Reef's value of 1.53 is 32.3% below this industry median. Based on the distribution chart, Kaiser Reef ranks #820 out of 2355 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Kaiser Reef has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kaiser Reef's PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kaiser Reef ranks #820 out of 2355 companies for PB Ratio. This puts Kaiser Reef in the upper half of its industry. The industry median PB Ratio is 2.26. Kaiser Reef's value of 1.53 is 32.3% below this benchmark. Historically, Kaiser Reef's own PB Ratio has ranged from 0.61 to 3.41 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 2.26, Kaiser Reef 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 2.26, based on 2,355 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. Kaiser Reef's current PB Ratio of 1.53 is 32.3% 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 Kaiser Reef and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaiser Reef's current PB Ratio is 1.53, which is 31% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaiser Reef stock overvalued right now?
Based on GuruFocus' analysis, Kaiser Reef (ASX:KAU) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.30, compared to a current price of A$0.20 — trading 33.3% below its estimated fair value. The current PB Ratio is 1.53, which is 31% above median its 10-year median of 1.17 and 32.3% below the Metals & Mining industry median of 2.26. Kaiser Reef's overall GF Score™ is 35/100 with 2 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 Kaiser Reef (ASX:KAU), the current PB Ratio is 1.53 as of Jul. 02, 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 Kaiser Reef (ASX:KAU) Overvalued in 2026?
Based on GuruFocus' analysis, Kaiser Reef stock appears to be undervalued.
The current stock price of A$0.20 is trading 33.3% below its estimated GF Value™ of A$0.30.
GuruFocus considers Kaiser Reef to be Possible Value Trap.
Key valuation signals for ASX:KAU:
PB Ratio: 1.53 (31% above median its 10-year median of 1.17)
GF Value™: A$0.30 vs. price of A$0.20 (33.3% below fair value)
Industry Position: 32.3% below the Metals & Mining median (#820 of 2355)
No single metric tells the full story. See the ASX:KAU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaiser Reef Ltd is a gold producer and exploration company. The company's projects include A1 Gold Mine, Henty Gold Mine, Maldon Goldfields, and Maldon Plant. Its segments include Victoria operations and Tasmania operations. It generates the majority of its revenue from the Victoria operations segment.
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