DETRF (Deterra Royalties) Price-to-Tangible-Book : 29.23 (As of Dec. 14, 2024)

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What is Deterra Royalties Price-to-Tangible-Book?

As of today (2024-12-14), Deterra Royalties's share price is $2.66. Deterra Royalties's Tangible Book per Share of Jun. 2024 for the quarter that ended in Jun. 2024 was $0.09. Hence, Deterra Royalties's Price to Tangible Book Ratio of today is 29.23.

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

DETRF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 20.38 Med: 29.03 Max: 45
Current: 29.56

During the past 4 years, Deterra Royalties's highest Price to Tangible Book Ratio was 45.00. The lowest was 20.38. And the median was 29.03.

DETRF's Price-to-Tangible-Book is ranked worse than
98.98% of 2166 companies
in the Metals & Mining industry
Industry Median: 1.29 vs DETRF: 29.56

A closely related ratio is called PB Ratio. As of today, Deterra Royalties's share price is $2.66. Deterra Royalties's Book Value per Sharefor the quarter that ended in Jun. 2024 was $0.10. Hence, Deterra Royalties's P/B Ratio of today is 26.34.

Deterra Royalties Price-to-Tangible-Book Historical Data

The historical data trend for Deterra Royalties'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.

Deterra Royalties Price-to-Tangible-Book Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Price-to-Tangible-Book

45.79

21.51

29.25

27.58

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Price-to-Tangible-Book	Get a 7-Day Free Trial			21.51	45.14	29.25	40.53	27.58

Competitive Comparison of Deterra Royalties's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Deterra Royalties'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.

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

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

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

Deterra Royalties Price-to-Tangible-Book Calculation

Deterra Royalties's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2024 )
	=	2.66	/	0.091
	=	29.23

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.

Deterra Royalties Price-to-Tangible-Book Related Terms

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

Deterra Royalties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Deterra Royalties Ltd (OTCPK:DETRF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

DRR:Australia

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020, with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area in Western Australia. This includes the North Flank mine, producing around 60 million metric tons of iron ore a year, and the South Flank mine, expected to add 85 million metric tons by 2024 after producing first ore in 2021. It also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Consistent with its strategy to grow into a diversified royalty firm, its Trident Royalties purchase is likely to provide modest diversification from iron ore.