Element 29 ResourcesEMTRF +0.45%35 PB Ratio is 10.47 as of Jul. 01, 2026. GuruFocus rates EMTRF with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 2,356 Metals & Mining companies, Element 29 Resources ranks worse than 90.41% on this metric.
The historical rank and industry rank for Element 29 Resources's PB Ratio or its related term are showing as below:
EMTRF'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 11.24
Current: 11.1
During the past 7 years, Element 29 Resources's highest PB Ratio was 11.24. The lowest was 0.00. And the median was 0.00.
EMTRF's PB Ratio is ranked worse than 90.41% of 2356
companies
in the Metals & Mining industry
Industry Median: 2.245
vs EMTRF: 11.10
During the past 12 months, Element 29 Resources's average Book Value Per Share Growth Rate was 38.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -9.30% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Element 29 Resources was 35.20% per year. The lowest was -21.00% per year. And the median was -6.60% per year.
Back to Basics: PB Ratio
Element 29 Resources (OTCPK:EMTRF) 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.
Element 29 Resources PB Ratio Related Terms
Element 29 Resources PB Ratio Historical Data
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The historical data trend for Element 29 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.
For the Copper subindustry, Element 29 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.
Element 29 Resources PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Element 29 Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Element 29 Resources'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.
Element 29 Resources (EMTRF) has a PB Ratio of 10.47 as of Jul. 01, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Element 29 Resources and its competitors. According to the industry distribution chart, Element 29 Resources ranks #2130 out of 2356 companies in the Metals & Mining industry, placing it in the top 90.4%.
Is Element 29 Resources' PB Ratio too high?
Element 29 Resources' current PB Ratio is 10.47. The Metals & Mining industry median PB Ratio is 2.25. Element 29 Resources' value of 10.47 is 366.4% above this industry median. Based on the distribution chart, Element 29 Resources ranks #2130 out of 2356 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Element 29 Resources has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Element 29 Resources' PB Ratio compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Element 29 Resources ranks #2130 out of 2356 companies for PB Ratio. This places Element 29 Resources in the lower half of its industry. The industry median PB Ratio is 2.25. Element 29 Resources' value of 10.47 is 366.4% above this benchmark. 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 2.25, based on 2,356 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. Element 29 Resources's current PB Ratio of 10.47 is 366.4% 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 Element 29 Resources and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Element 29 Resources's current PB Ratio is 10.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Element 29 Resources stock overvalued right now?
Element 29 Resources (EMTRF) has a current PB Ratio of 10.47. The current PB Ratio is 10.47 and 366.4% above the Metals & Mining industry median of 2.25. Element 29 Resources' 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 Element 29 Resources (EMTRF), the current PB Ratio is 10.47 as of Jul. 01, 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.
Element 29 Resources Inc is focused on the exploration of mineral property interests in Peru. The Company has one business segment, the exploration of mineral properties. The Company is focused on growing its porphyry copper-molybdenum-silver resource inventory at Elida while continuing to explore for new porphyry copper deposits on its titled concessions in Peru. Its projects include the Flor de Cobre copper project, Elida copper project, Pahuay copper skarn project, and Paka copper skarn project.
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