Western Mines Group (ASX:WMG) Price-to-Tangible-Book : 2.61 (As of Jun. 22, 2024)

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What is Western Mines Group Price-to-Tangible-Book?

As of today (2024-06-22), Western Mines Group's share price is A$0.345. Western Mines Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.13. Hence, Western Mines Group's Price to Tangible Book Ratio of today is 2.61.

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

ASX:WMG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.03 Med: 1.53 Max: 3.44
Current: 2.65

During the past 3 years, Western Mines Group's highest Price to Tangible Book Ratio was 3.44. The lowest was 1.03. And the median was 1.53.

ASX:WMG's Price-to-Tangible-Book is ranked worse than
74.76% of 2219 companies
in the Metals & Mining industry
Industry Median: 1.29 vs ASX:WMG: 2.65

A closely related ratio is called PB Ratio. As of today, Western Mines Group's share price is A$0.345. Western Mines Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.13. Hence, Western Mines Group's P/B Ratio of today is 2.61.

Western Mines Group Price-to-Tangible-Book Historical Data

The historical data trend for Western Mines Group'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.

Western Mines Group Price-to-Tangible-Book Chart

Western Mines Group Annual Data

Trend

Jun21

Jun22

Jun23

Price-to-Tangible-Book

1.03

3.44

Western Mines Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	1.53	1.03	1.45	3.44	1.97

Competitive Comparison of Western Mines Group's Price-to-Tangible-Book

For the Gold subindustry, Western Mines Group'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.

Western Mines Group's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Western Mines Group's Price-to-Tangible-Book falls into.

Western Mines Group Price-to-Tangible-Book Calculation

Western Mines Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.345	/	0.132
	=	2.61

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.

Western Mines Group Price-to-Tangible-Book Related Terms

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

Western Mines Group (ASX:WMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Mines Group Ltd (ASX:WMG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Ord Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.westernmines.com.au

Western Mines Group Ltd is a mineral exploration company engaged in the exploration and discovery of high-value gold and nickel sulphide deposits across a portfolio prospective projects located on mineral belts of Western Australia. Some of its projects include Mulga Tank Ni-Cu-PGE Project, Melita Gold Project, Jasper Hill Gold Project, Youanmi Gold Project, Pavarotti Ni-Cu-PGE Project, Rock of Ages Gold Project, Broken Hill Bore Gold Project, and Pinyalling Gold Project.