Northern Star ResourcesNESRF +0.76%93 PB Ratio is 1.96 as of Jun. 26, 2026, which is 40% below its 10-year median of 3.27. GuruFocus rates NESRF with a GF Score™ of 93/100 and a GF Value™ of $14.54 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,358 Metals & Mining companies, Northern Star Resources ranks better than 57.38% on this metric.
The historical rank and industry rank for Northern Star Resources's PB Ratio or its related term are showing as below:
NESRF'
s PB Ratio Range Over the Past 10 Years
Min: 0.96 Med: 3.27 Max: 9.1
Current: 1.82
During the past 13 years, Northern Star Resources's highest PB Ratio was 9.10. The lowest was 0.96. And the median was 3.27.
NESRF's PB Ratio is ranked better than 57.38% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.25
vs NESRF: 1.82
During the past 12 months, Northern Star Resources's average Book Value Per Share Growth Rate was 36.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 21.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 37.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Northern Star Resources was 118.30% per year. The lowest was -26.50% per year. And the median was 33.45% per year.
Back to Basics: PB Ratio
Northern Star Resources (OTCPK:NESRF) 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.
* 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, Northern Star 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.
Northern Star Resources PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Northern Star Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Northern Star 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.
Northern Star Resources (NESRF) has a PB Ratio of 1.96 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 Northern Star Resources and its competitors. This is 40% below median its historical median of 3.27. Over the past decade, Northern Star Resources' PB Ratio has ranged from 0.96 to 9.10. According to the industry distribution chart, Northern Star Resources ranks #1005 out of 2358 companies in the Metals & Mining industry, placing it in the top 42.6%.
Is Northern Star Resources' PB Ratio too high?
Northern Star Resources' current PB Ratio of 1.96 is 40% below median its 10-year median of 3.27. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 9.10. The Metals & Mining industry median PB Ratio is 2.25. Northern Star Resources' value of 1.96 is 12.9% below this industry median. Based on the distribution chart, Northern Star Resources ranks #1005 out of 2358 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Northern Star Resources has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northern Star Resources' PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Northern Star Resources ranks #1005 out of 2358 companies for PB Ratio. This puts Northern Star Resources in the upper half of its industry. The industry median PB Ratio is 2.25. Northern Star Resources' value of 1.96 is 12.9% below this benchmark. Historically, Northern Star Resources' own PB Ratio has ranged from 0.96 to 9.10 over the past decade. While the company's 10-year median is 3.27 vs. the industry median of 2.25, Northern Star Resources 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 2.25, 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. Northern Star Resources's current PB Ratio of 1.96 is 12.9% 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 Northern Star 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. Northern Star Resources's current PB Ratio is 1.96, which is 40% below median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Star Resources stock overvalued right now?
Based on GuruFocus' analysis, Northern Star Resources (NESRF) is currently considered Fairly Valued. The stock's GF Value™ is $14.54, compared to a current price of $13.88 — trading 4.6% below its estimated fair value. The current PB Ratio is 1.96, which is 40% below median its 10-year median of 3.27 and 12.9% below the Metals & Mining industry median of 2.25. Northern Star Resources' overall GF Score™ is 93/100 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 Northern Star Resources (NESRF), the current PB Ratio is 1.96 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.
Is Northern Star Resources (NESRF) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Star Resources stock appears to be undervalued.
The current stock price of $13.88 is trading 4.6% below its estimated GF Value™ of $14.54.
GuruFocus considers Northern Star Resources to be Fairly Valued.
Key valuation signals for NESRF:
PB Ratio: 1.96 (40% below median its 10-year median of 3.27)
GF Value™: $14.54 vs. price of $13.88 (4.6% below fair value)
Industry Position: 12.9% below the Metals & Mining median (#1005 of 2358)
No single metric tells the full story. See the NESRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2025 from its three wholly owned mining operations in Australia and Alaska. Its operations are the result of significant merger and acquisition activity including 14 acquisitions and four asset sales since 2010. It had roughly a decade of reserves at the end of fiscal 2025.
93GF Score
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