Medaro Mining (Medaro Mining) Price-to-Tangible-Book : 0.81 (As of Jun. 23, 2024)

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What is Medaro Mining Price-to-Tangible-Book?

As of today (2024-06-23), Medaro Mining's share price is $0.13. Medaro Mining's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $0.16. Hence, Medaro Mining's Price to Tangible Book Ratio of today is 0.81.

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

MEDAF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86 Med: 3.58 Max: 10.15
Current: 0.87

During the past 4 years, Medaro Mining's highest Price to Tangible Book Ratio was 10.15. The lowest was 0.86. And the median was 3.58.

MEDAF's Price-to-Tangible-Book is ranked better than
66.16% of 2219 companies
in the Metals & Mining industry
Industry Median: 1.29 vs MEDAF: 0.87

A closely related ratio is called PB Ratio. As of today, Medaro Mining's share price is $0.13. Medaro Mining's Book Value per Sharefor the quarter that ended in Mar. 2024 was $0.16. Hence, Medaro Mining's P/B Ratio of today is 0.81.

Medaro Mining Price-to-Tangible-Book Historical Data

The historical data trend for Medaro 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.

* Premium members only.

Medaro Mining Price-to-Tangible-Book Chart

Medaro Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Price-to-Tangible-Book

5.33

3.50

3.26

Medaro Mining Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial										2.82	2.44	3.26	3.10	2.05

Competitive Comparison of Medaro Mining's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Medaro 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.

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

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

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

Medaro Mining Price-to-Tangible-Book Calculation

Medaro Mining's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.13	/	0.161
	=	0.81

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.

Medaro Mining Price-to-Tangible-Book Related Terms

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

Medaro Mining (Medaro Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Medaro Mining Corp (OTCPK:MEDAF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

1ZY0:Germany MEDA:Canada

Address

333 Terminal Avenue, Suite 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.medaromining.com

Medaro Mining Corp is in the business of acquiring, exploring, and evaluating mineral resource properties in Canada. The company's projects include Lac la motte; Rapide lithium; Darlin lithium; CYR south lithium; Superb lake lithium, and Yurchison uranium.