Labrador Iron Ore Royalty Corp stock PB Ratio (=2.84) is close to 5-year low of 2.62.
The historical rank and industry rank for Labrador Iron Ore Royalty's PB Ratio or its related term are showing as below:
TSX:LIF'
s PB Ratio Range Over the Past 10 Years
Min: 1.37 Med: 2.93 Max: 5.67
Current: 2.85
During the past 13 years, Labrador Iron Ore Royalty's highest PB Ratio was 5.67. The lowest was 1.37. And the median was 2.93.
TSX:LIF's PB Ratio is ranked worse than 84.97% of 612
companies
in the Steel industry
Industry Median: 0.965
vs TSX:LIF: 2.85
During the past 12 months, Labrador Iron Ore Royalty's average Book Value Per Share Growth Rate was 1.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Labrador Iron Ore Royalty was 39.80% per year. The lowest was -17.60% per year. And the median was 1.30% per year.
Back to Basics: PB Ratio
Labrador Iron Ore Royalty (TSX:LIF) 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.
Labrador Iron Ore Royalty PB Ratio Related Terms
Labrador Iron Ore Royalty PB Ratio Historical Data
* 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 Steel subindustry, Labrador Iron Ore Royalty'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.
Labrador Iron Ore Royalty PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's PB Ratio distribution charts can be found below:
* The bar in red indicates where Labrador Iron Ore Royalty'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.
Labrador Iron Ore Royalty (TSX:LIF) has a PB Ratio of 2.84 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 Labrador Iron Ore Royalty and its competitors. This is near median its historical median of 2.93. Over the past decade, Labrador Iron Ore Royalty's PB Ratio has ranged from 1.37 to 5.67. According to the industry distribution chart, Labrador Iron Ore Royalty ranks #520 out of 612 companies in the Steel industry, placing it in the top 85%.
Is Labrador Iron Ore Royalty's PB Ratio too high?
Labrador Iron Ore Royalty's current PB Ratio of 2.84 is near median its 10-year median of 2.93. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 5.67. The Steel industry median PB Ratio is 0.97. Labrador Iron Ore Royalty's value of 2.84 is 194.3% above this industry median. Based on the distribution chart, Labrador Iron Ore Royalty ranks #520 out of 612 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Labrador Iron Ore Royalty has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Labrador Iron Ore Royalty's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Labrador Iron Ore Royalty ranks #520 out of 612 companies for PB Ratio. This places Labrador Iron Ore Royalty in the lower half of its industry. The industry median PB Ratio is 0.97. Labrador Iron Ore Royalty's value of 2.84 is 194.3% above this benchmark. Historically, Labrador Iron Ore Royalty's own PB Ratio has ranged from 1.37 to 5.67 over the past decade. While the company's 10-year median is 2.93 vs. the industry median of 0.97, Labrador Iron Ore Royalty has consistently been above 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 Steel company?
The median PB Ratio among Steel companies is 0.97, based on 612 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. Labrador Iron Ore Royalty's current PB Ratio of 2.84 is 194.3% 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 Labrador Iron Ore Royalty and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Labrador Iron Ore Royalty's current PB Ratio is 2.84, which is near median its own 10-year median of 2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Labrador Iron Ore Royalty stock overvalued right now?
Based on GuruFocus' analysis, Labrador Iron Ore Royalty (TSX:LIF) is currently considered Modestly Overvalued. The stock's GF Value™ is C$25.43, compared to a current price of C$28.40 — trading 11.7% above its estimated fair value. The current PB Ratio is 2.84, which is near median its 10-year median of 2.93 and 194.3% above the Steel industry median of 0.97. Labrador Iron Ore Royalty's overall GF Score™ is 79/100 with 5 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 Labrador Iron Ore Royalty (TSX:LIF), the current PB Ratio is 2.84 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 Labrador Iron Ore Royalty (TSX:LIF) Overvalued in 2026?
Based on GuruFocus' analysis, Labrador Iron Ore Royalty stock appears to be overvalued.
The current stock price of C$28.40 is trading 11.7% above its estimated GF Value™ of C$25.43.
GuruFocus considers Labrador Iron Ore Royalty to be Modestly Overvalued.
Key valuation signals for TSX:LIF:
PB Ratio: 2.84 (near median its 10-year median of 2.93)
GF Value™: C$25.43 vs. price of C$28.40 (11.7% above fair value)
Industry Position: 194.3% above the Steel median (#520 of 612)
No single metric tells the full story. See the TSX:LIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Labrador Iron Ore Royalty Corporation, along with its wholly owned subsidiary, holds approximately fifteen percent interest in Iron Ore Company of Canada (IOC), a North American producer and exporter of iron ore pellets and high-grade concentrate. The company receives approximately seven percent gross overriding royalty on all iron ore products produced, sold, and shipped by IOC and some cents per tonne commission on all iron ore products produced and sold by IOC from the leased lands. Under normal circumstances, Labrador Iron Ore Royalty Corporation pays cash dividends from the free cash flow generated from IOC to the maximum extent possible, subject to the maintenance of appropriate levels of working capital. The firm generates the majority of its revenue in the form of royalty income.
79GF Score
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