Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
GoGold ResourcesGLGDF +1.26%78 Price-to-Tangible-Book is 2.84 as of Aug. 27, 2026. GuruFocus rates GLGDF with a GF Score™ of 78/100 and a GF Value™ of $2.50 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,215 Metals & Mining companies, GoGold Resources ranks worse than 56.21% 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.
GoGold Resources Price-to-Tangible-Book Related Terms
GoGold Resources Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for GoGold Resources'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 Other Precious Metals & Mining subindustry, GoGold Resources'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.
GoGold Resources Price-to-Tangible-Book vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, GoGold Resources's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where GoGold Resources'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.
GoGold Resources (GLGDF) has a Price-to-Tangible-Book of 2.84 as of Aug. 27, 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 GoGold Resources and its competitors. According to the industry distribution chart, GoGold Resources ranks #1245 out of 2215 companies in the Metals & Mining industry, placing it in the top 56.2%.
Is GoGold Resources' Price-to-Tangible-Book too high?
GoGold Resources' current Price-to-Tangible-Book is 2.84. The Metals & Mining industry median Price-to-Tangible-Book is 2.38. GoGold Resources' value of 2.84 is 19.3% above this industry median. Based on the distribution chart, GoGold Resources ranks #1245 out of 2215 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, GoGold Resources has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GoGold Resources' Price-to-Tangible-Book compare to HL?
According to the Metals & Mining industry distribution chart, GoGold Resources ranks #1245 out of 2215 companies for Price-to-Tangible-Book. This places GoGold Resources in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.38. GoGold Resources' value of 2.84 is 19.3% above 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 2.38, based on 2,215 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. GoGold Resources's current Price-to-Tangible-Book of 2.84 is 19.3% above 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 GoGold Resources and its competitors. For the Metals & Mining industry, the median Price-to-Tangible-Book is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GoGold Resources's current Price-to-Tangible-Book is 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GoGold Resources stock overvalued right now?
Based on GuruFocus' analysis, GoGold Resources (GLGDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.50, compared to a current price of $3.22 — trading 28.8% above its estimated fair value. The current Price-to-Tangible-Book is 2.84 and 19.3% above the Metals & Mining industry median of 2.38. GoGold Resources' overall GF Score™ is 78/100 with 4 warning signs to review. 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 GoGold Resources (GLGDF), the current Price-to-Tangible-Book is 2.84 as of Aug. 27, 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 GoGold Resources (GLGDF) Overvalued in 2026?
Based on GuruFocus' analysis, GoGold Resources stock appears to be overvalued.
The current stock price of $3.22 is trading 28.8% above its estimated GF Value™ of $2.50.
GuruFocus considers GoGold Resources to be Modestly Overvalued.
Key valuation signals for GLGDF:
Price-to-Tangible-Book: 2.84
GF Value™: $2.50 vs. price of $3.22 (28.8% above fair value)
Industry Position: 19.3% above the Metals & Mining median (#1245 of 2215)
No single metric tells the full story. See the GLGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GoGold Resources Inc is a Canadian-based company engaged in the identification, acquisition, exploration, development, and production of silver and gold. Its projects include the Parral Project, the Los Ricos South Project, and the Los Ricos North Project.
78GF Score
Get the complete analysis for GLGDF
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GLGDF has been successfully added to your 
