Visible Gold MinesTSXV:VGD -13.33%38 PB Ratio is 1.83 as of Jul. 02, 2026. GuruFocus rates TSXV:VGD with a GF Score™ of 38/100. Among 2,356 Metals & Mining companies, Visible Gold Mines ranks better than 58.23% on this metric.
The historical rank and industry rank for Visible Gold Mines's PB Ratio or its related term are showing as below:
TSXV:VGD'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1.83
Current: 1.83
During the past 13 years, Visible Gold Mines's highest PB Ratio was 1.83. The lowest was 0.00. And the median was 0.00.
TSXV:VGD's PB Ratio is ranked better than 58.23% of 2356
companies
in the Metals & Mining industry
Industry Median: 2.235
vs TSXV:VGD: 1.83
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Visible Gold Mines was 8.50% per year. The lowest was -56.50% per year. And the median was -27.90% per year.
Back to Basics: PB Ratio
Visible Gold Mines (TSXV:VGD) 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.
Visible Gold Mines PB Ratio Related Terms
Visible Gold Mines PB Ratio Historical Data
* Premium members only.
The historical data trend for Visible Gold Mines'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, Visible Gold Mines'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.
Visible Gold Mines PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Visible Gold Mines's PB Ratio distribution charts can be found below:
* The bar in red indicates where Visible Gold Mines'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.
Visible Gold Mines (TSXV:VGD) has a PB Ratio of 1.83 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Visible Gold Mines and its competitors. According to the industry distribution chart, Visible Gold Mines ranks #984 out of 2356 companies in the Metals & Mining industry, placing it in the top 41.8%.
Is Visible Gold Mines' PB Ratio too high?
Visible Gold Mines' current PB Ratio is 1.83. The Metals & Mining industry median PB Ratio is 2.24. Visible Gold Mines' value of 1.83 is 18.1% below this industry median. Based on the distribution chart, Visible Gold Mines ranks #984 out of 2356 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Visible Gold Mines has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Visible Gold Mines' PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Visible Gold Mines ranks #984 out of 2356 companies for PB Ratio. This puts Visible Gold Mines in the upper half of its industry. The industry median PB Ratio is 2.24. Visible Gold Mines' value of 1.83 is 18.1% 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 2.24, 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. Visible Gold Mines's current PB Ratio of 1.83 is 18.1% 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 Visible Gold Mines and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Visible Gold Mines's current PB Ratio is 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Visible Gold Mines stock overvalued right now?
Visible Gold Mines (TSXV:VGD) has a current PB Ratio of 1.83. The current PB Ratio is 1.83 and 18.1% below the Metals & Mining industry median of 2.24. Visible Gold Mines' overall GF Score™ is 38/100. 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 Visible Gold Mines (TSXV:VGD), the current PB Ratio is 1.83 as of Jul. 02, 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.
Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment, being the exploration and evaluation of mineral resources. Its projects include the Cadillac Break, Lucky Break, Silidor, Stadacona, Wasa Creek, and Wasa East projects, and a minority interest in the Capricorn project, all located along the Cadillac-Larder Lake near the town of Rouyn-Noranda in the province of Quebec, Canada. Its Lithium James Bay projects include Megali, Carli, and Natali.
38GF Score
Get the complete analysis for TSXV:VGD
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:VGD has been successfully added to your 
