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Thor ExplorationsTSXV:THX -2.86%44 PB Ratio is 1.19 as of Jul. 14, 2026, which is 19% below its 10-year median of 1.47. GuruFocus rates TSXV:THX with a GF Score™ of 44/100 and a GF Value™ of C$0.71 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,355 Metals & Mining companies, Thor Explorations ranks better than 73.25% on this metric.
Thor Explorations Ltd stock PB Ratio (=1.23) is close to 1-year low of 1.23.
The historical rank and industry rank for Thor Explorations's PB Ratio or its related term are showing as below:
TSXV:THX'
s PB Ratio Range Over the Past 10 Years
Min: 0.69 Med: 1.47 Max: 2.67
Current: 1.19
During the past 13 years, Thor Explorations's highest PB Ratio was 2.67. The lowest was 0.69. And the median was 1.47.
TSXV:THX's PB Ratio is ranked better than 73.25% of 2355
companies
in the Metals & Mining industry
Industry Median: 2.21
vs TSXV:THX: 1.19
During the past 12 months, Thor Explorations's average Book Value Per Share Growth Rate was 66.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 55.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 45.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thor Explorations was 91.30% per year. The lowest was -7.20% per year. And the median was 9.30% 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.
Thor Explorations PB Ratio Related Terms
Thor Explorations PB Ratio Historical Data
* Premium members only.
The historical data trend for Thor Explorations'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, Thor Explorations'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.
Thor Explorations PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thor Explorations'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.
Thor Explorations (TSXV:THX) has a PB Ratio of 1.19 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thor Explorations and its competitors. This is 19% below median its historical median of 1.47. Over the past decade, Thor Explorations' PB Ratio has ranged from 0.69 to 2.67. According to the industry distribution chart, Thor Explorations ranks #630 out of 2355 companies in the Metals & Mining industry, placing it in the top 26.8%.
Is Thor Explorations' PB Ratio too high?
Thor Explorations' current PB Ratio of 1.19 is 19% below median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.67. The Metals & Mining industry median PB Ratio is 2.21. Thor Explorations' value of 1.19 is 46.2% below this industry median. Based on the distribution chart, Thor Explorations ranks #630 out of 2355 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Thor Explorations has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thor Explorations' PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Thor Explorations ranks #630 out of 2355 companies for PB Ratio. This puts Thor Explorations in the upper half of its industry. The industry median PB Ratio is 2.21. Thor Explorations' value of 1.19 is 46.2% below this benchmark. Historically, Thor Explorations' own PB Ratio has ranged from 0.69 to 2.67 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 2.21, Thor Explorations 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 2.21, based on 2,355 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. Thor Explorations's current PB Ratio of 1.19 is 46.2% 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 Thor Explorations and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current PB Ratio is 1.19, which is 19% below median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Explorations stock overvalued right now?
Based on GuruFocus' analysis, Thor Explorations (TSXV:THX) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.71, compared to a current price of C$1.02 — trading 43.7% above its estimated fair value. The current PB Ratio is 1.19, which is 19% below median its 10-year median of 1.47 and 46.2% below the Metals & Mining industry median of 2.21. Thor Explorations' overall GF Score™ is 44/100 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 Thor Explorations (TSXV:THX), the current PB Ratio is 1.19 as of Jul. 14, 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 Thor Explorations (TSXV:THX) Overvalued in 2026?
Based on GuruFocus' analysis, Thor Explorations stock appears to be overvalued.
The current stock price of C$1.02 is trading 43.7% above its estimated GF Value™ of C$0.71.
GuruFocus considers Thor Explorations to be Significantly Overvalued.
Key valuation signals for TSXV:THX:
PB Ratio: 1.19 (19% below median its 10-year median of 1.47)
GF Value™: C$0.71 vs. price of C$1.02 (43.7% above fair value)
Industry Position: 46.2% below the Metals & Mining median (#630 of 2355)
No single metric tells the full story. See the TSXV:THX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration, development, and production of mineral properties located in Nigeria, Senegal, and Cote d'Ivoire. Its project portfolio includes the Segilola Gold Project located in Osun State, Nigeria; the Douta Gold Project located in south-eastern Senegal; and the Guitry Gold Project Cote d'Ivoire. Additionally, the company has entered into two further option agreements to earn the majority interest in the Marahui and Boundiali Exploration licences. Thor Explorations derives revenue mainly from the sale of gold and silver, of which substantial revenue is generated from gold. The company's operations comprise three reportable segments: the Segilola Mine Project, Exploration Projects, and Corporate.
44GF Score
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