Oceana Lithium (ASX:OCN) Price-to-Tangible-Book : 0.45 (As of May. 24, 2024)

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What is Oceana Lithium Price-to-Tangible-Book?

As of today (2024-05-24), Oceana Lithium's share price is A$0.045. Oceana Lithium's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.10. Hence, Oceana Lithium's Price to Tangible Book Ratio of today is 0.45.

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

ASX:OCN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.44 Med: 3.57 Max: 4.29
Current: 0.45

During the past 2 years, Oceana Lithium's highest Price to Tangible Book Ratio was 4.29. The lowest was 0.44. And the median was 3.57.

ASX:OCN's Price-to-Tangible-Book is ranked better than
87.4% of 2222 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:OCN: 0.45

A closely related ratio is called PB Ratio. As of today, Oceana Lithium's share price is A$0.045. Oceana Lithium's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.10. Hence, Oceana Lithium's P/B Ratio of today is 0.45.

Oceana Lithium Price-to-Tangible-Book Historical Data

The historical data trend for Oceana Lithium'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.

Oceana Lithium Price-to-Tangible-Book Chart

Oceana Lithium Annual Data

Trend

Dec21

Jun23

Price-to-Tangible-Book

4.29

Oceana Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Price-to-Tangible-Book	3.57	4.29	1.20

Competitive Comparison of Oceana Lithium's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Oceana Lithium'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.

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

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

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

Oceana Lithium Price-to-Tangible-Book Calculation

Oceana Lithium's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.045	/	0.1
	=	0.45

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.

Oceana Lithium Price-to-Tangible-Book Related Terms

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

Oceana Lithium (ASX:OCN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.oceanalithium.com.au

Oceana Lithium Ltd is a mineral exploration and development company focused on the discovery and delineation of lithium mineral resources in two mining-friendly jurisdictions, the state of Ceara, Brazil, and the Northern Territory, Australia. It holds interest in the Solonopole lithium project in Brazil and the Napperby lithium project in Northern Territory.