Lord Resources (ASX:LRD) Price-to-Tangible-Book : 0.81 (As of Jun. 23, 2024)

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What is Lord Resources Price-to-Tangible-Book?

As of today (2024-06-23), Lord Resources's share price is A$0.048. Lord Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.06. Hence, Lord Resources's Price to Tangible Book Ratio of today is 0.81.

The historical rank and industry rank for Lord Resources's Price-to-Tangible-Book or its related term are showing as below:

ASX:LRD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.8 Med: 1.21 Max: 1.65
Current: 0.8

During the past 2 years, Lord Resources's highest Price to Tangible Book Ratio was 1.65. The lowest was 0.80. And the median was 1.21.

ASX:LRD's Price-to-Tangible-Book is ranked better than
67.33% of 2219 companies
in the Metals & Mining industry
Industry Median: 1.29 vs ASX:LRD: 0.80

A closely related ratio is called PB Ratio. As of today, Lord Resources's share price is A$0.048. Lord Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.06. Hence, Lord Resources's P/B Ratio of today is 0.81.

Lord Resources Price-to-Tangible-Book Historical Data

The historical data trend for Lord Resources'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.

* Premium members only.

Lord Resources Price-to-Tangible-Book Chart

Lord Resources Annual Data

Trend

Jun22

Jun23

Price-to-Tangible-Book

1.65

1.03

Lord Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	1.65	1.38	1.03	1.02

Competitive Comparison of Lord Resources's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Lord Resources'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.

Lord Resources's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lord Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Lord Resources's Price-to-Tangible-Book falls into.

Lord Resources Price-to-Tangible-Book Calculation

Lord Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.048	/	0.059
	=	0.81

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Be Aware

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.

Lord Resources Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Lord Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Lord Resources (ASX:LRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lord Resources Ltd (ASX:LRD) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021

Website

https://www.lordresources.com

Lord Resources Ltd is an exploration company. The primary objective of the company is to focus on mineral exploration of resource opportunities that have the potential to deliver growth to the company for the benefit of shareholders.

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