Seabridge GoldMEX:SAN 33 PB Ratio is 2.61 as of Jun. 26, 2026. GuruFocus rates MEX:SAN with a GF Score™ of 33/100. The stock has 1 warning sign investors should review. Among 2,358 Metals & Mining companies, Seabridge Gold ranks worse than 62.47% 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 (2026-06-26), Seabridge Gold's share price is MXN383.93022. Seabridge Gold's Book Value per Share for the quarter that ended in Mar. 2026 was MXN146.89. Hence, Seabridge Gold's PB Ratio of today is 2.61.
The historical rank and industry rank for Seabridge Gold's PB Ratio or its related term are showing as below:
MEX:SAN'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.15
Current: 3.15
During the past 13 years, Seabridge Gold's highest PB Ratio was 3.15. The lowest was 0.00. And the median was 0.00.
MEX:SAN's PB Ratio is ranked worse than 62.47% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.27
vs MEX:SAN: 3.15
During the past 12 months, Seabridge Gold's average Book Value Per Share Growth Rate was 15.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Seabridge Gold was 42.30% per year. The lowest was -0.30% per year. And the median was 11.05% 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.
Seabridge Gold PB Ratio Related Terms
Seabridge Gold PB Ratio Historical Data
* Premium members only.
The historical data trend for Seabridge Gold'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, Seabridge Gold'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.
Seabridge Gold PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Seabridge Gold's PB Ratio distribution charts can be found below:
* The bar in red indicates where Seabridge Gold'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.
Seabridge Gold'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.
Seabridge Gold (MEX:SAN) has a PB Ratio of 2.61 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Seabridge Gold and its competitors. According to the industry distribution chart, Seabridge Gold ranks #1473 out of 2358 companies in the Metals & Mining industry, placing it in the top 62.5%.
Is Seabridge Gold's PB Ratio too high?
Seabridge Gold's current PB Ratio is 2.61. The Metals & Mining industry median PB Ratio is 2.27. Seabridge Gold's value of 2.61 is 15% above this industry median. Based on the distribution chart, Seabridge Gold ranks #1473 out of 2358 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Seabridge Gold has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Seabridge Gold's PB Ratio compare to HYMC and AUGO?
According to the Metals & Mining industry distribution chart, Seabridge Gold ranks #1473 out of 2358 companies for PB Ratio. This places Seabridge Gold in the lower half of its industry. The industry median PB Ratio is 2.27. Seabridge Gold's value of 2.61 is 15% 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 2.27, 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. Seabridge Gold's current PB Ratio of 2.61 is 15% 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 Seabridge Gold 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. Seabridge Gold's current PB Ratio is 2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seabridge Gold stock overvalued right now?
Seabridge Gold (MEX:SAN) has a current PB Ratio of 2.61. The current PB Ratio is 2.61 and 15% above the Metals & Mining industry median of 2.27. Seabridge Gold's overall GF Score™ is 33/100 with 1 warning sign 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 Seabridge Gold (MEX:SAN), the current PB Ratio is 2.61 as of Jun. 26, 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.
Seabridge Gold Inc is a development-stage company involved in the exploration and development of gold properties situated in North America. The company's principal projects include the Kerr-Sulphurets-Mitchell property located in British Columbia and the 3 Aces Project in southeast Yukon. The company has various other mineral resource projects throughout North America.
33GF Score
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