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Canada Nickel CoTSXV:CNC -3.16%37 PB Ratio is 1.57 as of Aug. 03, 2026. GuruFocus rates TSXV:CNC with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 2,356 Metals & Mining companies, Canada Nickel Co ranks better than 62.14% 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 (2026-08-03), Canada Nickel Co's share price is C$1.53. Canada Nickel Co's Book Value per Share for the quarter that ended in Apr. 2026 was C$0.97. Hence, Canada Nickel Co's PB Ratio of today is 1.57.
The historical rank and industry rank for Canada Nickel Co's PB Ratio or its related term are showing as below:
TSXV:CNC'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1.63
Current: 1.58
During the past 6 years, Canada Nickel Co's highest PB Ratio was 1.63. The lowest was 0.00. And the median was 0.00.
TSXV:CNC's PB Ratio is ranked better than 62.14% of 2356
companies
in the Metals & Mining industry
Industry Median: 2.14
vs TSXV:CNC: 1.58
During the past 12 months, Canada Nickel Co's average Book Value Per Share Growth Rate was -10.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 22.40% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Canada Nickel Co was 40.90% per year. The lowest was -1.00% per year. And the median was 28.40% 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.
Canada Nickel Co PB Ratio Related Terms
Canada Nickel Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Canada Nickel Co'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 Industrial Metals & Mining subindustry, Canada Nickel Co'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.
Canada Nickel Co PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Canada Nickel Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Canada Nickel Co'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.
Canada Nickel Co (TSXV:CNC) has a PB Ratio of 1.57 as of Aug. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Canada Nickel Co and its competitors. According to the industry distribution chart, Canada Nickel Co ranks #892 out of 2356 companies in the Metals & Mining industry, placing it in the top 37.9%.
Is Canada Nickel Co's PB Ratio too high?
Canada Nickel Co's current PB Ratio is 1.57. The Metals & Mining industry median PB Ratio is 2.14. Canada Nickel Co's value of 1.57 is 26.6% below this industry median. Based on the distribution chart, Canada Nickel Co ranks #892 out of 2356 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Canada Nickel Co has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Canada Nickel Co's PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Canada Nickel Co ranks #892 out of 2356 companies for PB Ratio. This puts Canada Nickel Co in the upper half of its industry. The industry median PB Ratio is 2.14. Canada Nickel Co's value of 1.57 is 26.6% below 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 2.14, 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. Canada Nickel Co's current PB Ratio of 1.57 is 26.6% 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 Canada Nickel Co and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canada Nickel Co's current PB Ratio is 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canada Nickel Co stock overvalued right now?
Canada Nickel Co (TSXV:CNC) has a current PB Ratio of 1.57. The current PB Ratio is 1.57 and 26.6% below the Metals & Mining industry median of 2.14. Canada Nickel Co's overall GF Score™ is 37/100 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 Canada Nickel Co (TSXV:CNC), the current PB Ratio is 1.57 as of Aug. 03, 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.
Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions.
37GF Score
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