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IondriveASX:ION +16.44% Price-to-Tangible-Book is 14.17 as of Sep. 06, 2026. The stock has 3 warning signs investors should review. Among 2,232 Metals & Mining companies, Iondrive ranks worse than 88.71% on this metric.
As of today (2026-09-06), Iondrive's share price is A$0.085. Iondrive's Tangible Book per Share of Dec. 2025 for the quarter that ended in Dec. 2025 was A$0.01. Hence, Iondrive's Price to Tangible Book Ratio of today is 14.17.
The historical rank and industry rank for Iondrive's Price-to-Tangible-Book or its related term are showing as below:
ASX:ION'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.56 Med: 1.13 Max: 14.17
Current: 8.5
During the past 13 years, Iondrive's highest Price to Tangible Book Ratio was 14.17. The lowest was 0.56. And the median was 1.13.
ASX:ION's Price-to-Tangible-Book is ranked worse than 88.71% of 2232
companies
in the Metals & Mining industry
Industry Median: 2.34
vs ASX:ION: 8.50
A closely related ratio is called PB Ratio. As of today, Iondrive's share price is A$0.085. Iondrive's Book Value per Sharefor the quarter that ended in Dec. 2025 was A$0.01. Hence, Iondrive's P/B Ratio of today is 12.14.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Iondrive Price-to-Tangible-Book Related Terms
Iondrive Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Iondrive's Price-to-Tangible-Book 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.
ASX:ION vs NEM, AU: Price-to-Tangible-Book Comparison
For the Gold subindustry, Iondrive's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Iondrive Price-to-Tangible-Book vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Iondrive's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Iondrive's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Iondrive (ASX:ION) has a Price-to-Tangible-Book of 14.17 as of Sep. 06, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Iondrive and its competitors. According to the industry distribution chart, Iondrive ranks #1980 out of 2232 companies in the Metals & Mining industry, placing it in the top 88.7%.
Is Iondrive's Price-to-Tangible-Book too high?
Iondrive's current Price-to-Tangible-Book is 14.17. The Metals & Mining industry median Price-to-Tangible-Book is 2.34. Iondrive's value of 14.17 is 505.6% above this industry median. Based on the distribution chart, Iondrive ranks #1980 out of 2232 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Iondrive's Price-to-Tangible-Book compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Iondrive ranks #1980 out of 2232 companies for Price-to-Tangible-Book. This places Iondrive in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.34. Iondrive's value of 14.17 is 505.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Metals & Mining company?
The median Price-to-Tangible-Book among Metals & Mining companies is 2.34, based on 2,232 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iondrive's current Price-to-Tangible-Book of 14.17 is 505.6% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Iondrive and its competitors. For the Metals & Mining industry, the median Price-to-Tangible-Book is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iondrive's current Price-to-Tangible-Book is 14.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iondrive stock overvalued right now?
Iondrive (ASX:ION) has a current Price-to-Tangible-Book of 14.17. The current Price-to-Tangible-Book is 14.17 and 505.6% above the Metals & Mining industry median of 2.34. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Iondrive (ASX:ION), the current Price-to-Tangible-Book is 14.17 as of Sep. 06, 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.
Iondrive Ltd is a strategically well positioned mineral exploration and battery technology commercialization company. The mineral exploration business includes one hundred percent interest in a substantial portfolio of REE, Li and precious metals exploration projects in South Korea.
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