Africa Resources ABNGM:AFRI +4.00%28 PB Ratio is 0.17 as of Jun. 27, 2026, which is 93% below its 10-year median of 2.54. GuruFocus rates NGM:AFRI with a GF Score™ of 28/100 and a GF Value™ of kr0.57 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,358 Metals & Mining companies, Africa Resources AB ranks better than 99.24% on this metric.
Africa Resources AB stock PB Ratio (=0.19) is close to 10-year low of 0.19.
The historical rank and industry rank for Africa Resources AB's PB Ratio or its related term are showing as below:
NGM:AFRI'
s PB Ratio Range Over the Past 10 Years
Min: 0.16 Med: 2.54 Max: 6.55
Current: 0.17
During the past 9 years, Africa Resources AB's highest PB Ratio was 6.55. The lowest was 0.16. And the median was 2.54.
NGM:AFRI's PB Ratio is ranked better than 99.24% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.25
vs NGM:AFRI: 0.17
During the past 12 months, Africa Resources AB's average Book Value Per Share Growth Rate was 77.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -26.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -19.00% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Africa Resources AB was -7.60% per year. The lowest was -26.00% per year. And the median was -14.55% per year.
Back to Basics: PB Ratio
Africa Resources AB (NGM:AFRI) 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.
Africa Resources AB PB Ratio Related Terms
Africa Resources AB PB Ratio Historical Data
* Premium members only.
The historical data trend for Africa Resources AB'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 Other Precious Metals & Mining subindustry, Africa Resources AB'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.
Africa Resources AB PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Africa Resources AB's PB Ratio distribution charts can be found below:
* The bar in red indicates where Africa Resources AB'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.
Africa Resources AB (NGM:AFRI) has a PB Ratio of 0.17 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Africa Resources AB and its competitors. This is 93% below median its historical median of 2.54. Over the past decade, Africa Resources AB's PB Ratio has ranged from 0.16 to 6.55. According to the industry distribution chart, Africa Resources AB ranks #18 out of 2358 companies in the Metals & Mining industry, placing it in the top 0.8%.
Is Africa Resources AB's PB Ratio too high?
Africa Resources AB's current PB Ratio of 0.17 is 93% below median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 6.55. The Metals & Mining industry median PB Ratio is 2.25. Africa Resources AB's value of 0.17 is 92.4% below this industry median. Based on the distribution chart, Africa Resources AB ranks #18 out of 2358 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Africa Resources AB has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Africa Resources AB's PB Ratio compare to HL?
According to the Metals & Mining industry distribution chart, Africa Resources AB ranks #18 out of 2358 companies for PB Ratio. This places Africa Resources AB in the top 1% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.25. Africa Resources AB's value of 0.17 is 92.4% below this benchmark. Historically, Africa Resources AB's own PB Ratio has ranged from 0.16 to 6.55 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 2.25, Africa Resources AB 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. Africa Resources AB's current PB Ratio of 0.17 is 92.4% 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 Africa Resources AB 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. Africa Resources AB's current PB Ratio is 0.17, which is 93% below median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Africa Resources AB stock overvalued right now?
Based on GuruFocus' analysis, Africa Resources AB (NGM:AFRI) is currently considered Possible Value Trap. The stock's GF Value™ is kr0.57, compared to a current price of kr0.13 — trading 77.2% below its estimated fair value. The current PB Ratio is 0.17, which is 93% below median its 10-year median of 2.54 and 92.4% below the Metals & Mining industry median of 2.25. Africa Resources AB's overall GF Score™ is 28/100 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 Africa Resources AB (NGM:AFRI), the current PB Ratio is 0.17 as of Jun. 27, 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 Africa Resources AB (NGM:AFRI) Overvalued in 2026?
Based on GuruFocus' analysis, Africa Resources AB stock appears to be undervalued.
The current stock price of kr0.13 is trading 77.2% below its estimated GF Value™ of kr0.57.
GuruFocus considers Africa Resources AB to be Possible Value Trap.
Key valuation signals for NGM:AFRI:
PB Ratio: 0.17 (93% below median its 10-year median of 2.54)
GF Value™: kr0.57 vs. price of kr0.13 (77.2% below fair value)
Industry Position: 92.4% below the Metals & Mining median (#18 of 2358)
No single metric tells the full story. See the NGM:AFRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Africa Resources AB is engaged in exploration and extraction of minerals in Africa. The company is developing projects based on collaborations with local expertise and partners.
28GF Score
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