MetalsGrove Mining (ASX:MGA) Price-to-Tangible-Book : 0.51 (As of Jun. 21, 2024)

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What is MetalsGrove Mining Price-to-Tangible-Book?

As of today (2024-06-21), MetalsGrove Mining's share price is A$0.052. MetalsGrove Mining's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.10. Hence, MetalsGrove Mining's Price to Tangible Book Ratio of today is 0.51.

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

ASX:MGA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.44 Med: 1.01 Max: 1.33
Current: 0.52

During the past 1 years, MetalsGrove Mining's highest Price to Tangible Book Ratio was 1.33. The lowest was 0.44. And the median was 1.01.

ASX:MGA's Price-to-Tangible-Book is ranked better than
80.49% of 2219 companies
in the Metals & Mining industry
Industry Median: 1.27 vs ASX:MGA: 0.52

A closely related ratio is called PB Ratio. As of today, MetalsGrove Mining's share price is A$0.052. MetalsGrove Mining's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.10. Hence, MetalsGrove Mining's P/B Ratio of today is 0.51.

MetalsGrove Mining Price-to-Tangible-Book Historical Data

The historical data trend for MetalsGrove Mining'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.

MetalsGrove Mining Price-to-Tangible-Book Chart

MetalsGrove Mining Annual Data

Trend

Jun23

Price-to-Tangible-Book

1.01

MetalsGrove Mining Semi-Annual Data
	Dec22	Jun23	Dec23
Price-to-Tangible-Book	1.33	1.01	0.69

Competitive Comparison of MetalsGrove Mining's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, MetalsGrove Mining'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.

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

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

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

MetalsGrove Mining Price-to-Tangible-Book Calculation

MetalsGrove Mining's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.052	/	0.102
	=	0.51

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.

MetalsGrove Mining Price-to-Tangible-Book Related Terms

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

MetalsGrove Mining (ASX:MGA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

123A Colin Street, Suite 6, West Perth, Perth, WA, AUS, 6005

Website

https://www.metalsgrove.com.au

MetalsGrove Mining Ltd is an Australian-based exploration and development company, focused on the exploration and development of its portfolio of high-quality lithium, rare earth, copper-gold, manganese, and base metal projects in Western Australia and the Northern Territory. Its projects include Upper Coondina Project; Bruce Project; Box Hole project; Edwards Creek project; and Woodie Woodie North Manganese Project.