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Fortuna MiningFSM +1.40%89 Price-to-Tangible-Book is 2.07 as of Sep. 09, 2026. GuruFocus rates FSM with a GF Score™ of 89/100 and a GF Value™ of $8.03 (Significantly Overvalued). Among 2,233 Metals & Mining companies, Fortuna Mining ranks better than 56.47% on this metric.
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.
Fortuna Mining Price-to-Tangible-Book Related Terms
Fortuna Mining Price-to-Tangible-Book Historical Data
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The historical data trend for Fortuna 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.
For the Gold subindustry, Fortuna 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.
Fortuna Mining Price-to-Tangible-Book vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Fortuna Mining's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Fortuna Mining (FSM) has a Price-to-Tangible-Book of 2.07 as of Sep. 09, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Fortuna Mining and its competitors. According to the industry distribution chart, Fortuna Mining ranks #972 out of 2233 companies in the Metals & Mining industry, placing it in the top 43.5%.
Is Fortuna Mining's Price-to-Tangible-Book too high?
Fortuna Mining's current Price-to-Tangible-Book is 2.07. The Metals & Mining industry median Price-to-Tangible-Book is 2.36. Fortuna Mining's value of 2.07 is 12.3% below this industry median. Based on the distribution chart, Fortuna Mining ranks #972 out of 2233 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Fortuna Mining has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's Price-to-Tangible-Book compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Fortuna Mining ranks #972 out of 2233 companies for Price-to-Tangible-Book. This puts Fortuna Mining in the upper half of its industry. The industry median Price-to-Tangible-Book is 2.36. Fortuna Mining's value of 2.07 is 12.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Metals & Mining company?
The median Price-to-Tangible-Book among Metals & Mining companies is 2.36, based on 2,233 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortuna Mining's current Price-to-Tangible-Book of 2.07 is 12.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Fortuna Mining and its competitors. For the Metals & Mining industry, the median Price-to-Tangible-Book is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortuna Mining's current Price-to-Tangible-Book is 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (FSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.03, compared to a current price of $12.33 — trading 53.5% above its estimated fair value. The current Price-to-Tangible-Book is 2.07 and 12.3% below the Metals & Mining industry median of 2.36. Fortuna Mining's overall GF Score™ is 89/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Fortuna Mining (FSM), the current Price-to-Tangible-Book is 2.07 as of Sep. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fortuna Mining (FSM) Overvalued in 2026?
Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued.
The current stock price of $12.33 is trading 53.5% above its estimated GF Value™ of $8.03.
GuruFocus considers Fortuna Mining to be Significantly Overvalued.
Key valuation signals for FSM:
Price-to-Tangible-Book: 2.07
GF Value™: $8.03 vs. price of $12.33 (53.5% above fair value)
Industry Position: 12.3% below the Metals & Mining median (#972 of 2233)
No single metric tells the full story. See the FSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
89GF Score
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