Rainbow Rare Earths (Rainbow Rare Earths) Price-to-Tangible-Book : 4.31 (As of May. 06, 2024)

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What is Rainbow Rare Earths Price-to-Tangible-Book?

As of today (2024-05-06), Rainbow Rare Earths's share price is $0.125. Rainbow Rare Earths's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.03. Hence, Rainbow Rare Earths's Price to Tangible Book Ratio of today is 4.31.

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

RBWRF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.12 Med: 3.81 Max: 9.06
Current: 6.25

During the past 10 years, Rainbow Rare Earths's highest Price to Tangible Book Ratio was 9.06. The lowest was 1.12. And the median was 3.81.

RBWRF's Price-to-Tangible-Book is ranked worse than
90.73% of 2234 companies
in the Metals & Mining industry
Industry Median: 1.305 vs RBWRF: 6.25

A closely related ratio is called PB Ratio. As of today, Rainbow Rare Earths's share price is $0.125. Rainbow Rare Earths's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.03. Hence, Rainbow Rare Earths's P/B Ratio of today is 4.31.

Rainbow Rare Earths Price-to-Tangible-Book Historical Data

The historical data trend for Rainbow Rare Earths'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.

Rainbow Rare Earths Price-to-Tangible-Book Chart

Rainbow Rare Earths Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

10.00

6.45

5.00

Rainbow Rare Earths Semi-Annual Data
	Jun14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial													5.29	6.45	3.79	5.00	6.90

Competitive Comparison of Rainbow Rare Earths's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Rainbow Rare Earths'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.

Rainbow Rare Earths's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Rainbow Rare Earths's Price-to-Tangible-Book falls into.

Rainbow Rare Earths Price-to-Tangible-Book Calculation

Rainbow Rare Earths's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.125	/	0.029
	=	4.31

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.

Rainbow Rare Earths Price-to-Tangible-Book Related Terms

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

Rainbow Rare Earths (Rainbow Rare Earths) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rainbow Rare Earths Ltd (OTCPK:RBWRF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

RBWl:UK RBW:UK GBP:Germany

Address

St Julian's Avenue, Connaught House, Saint Peter Port, GGY, GY1 3EL

Website

https://www.rainbowrareearths.com

Rainbow Rare Earths Ltd aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the magnet rare earth elements neodymium & praseodymium, dysprosium & terbium. It is focused on the development of the Phalaborwa Project and the earlier stage Uberaba Project. Both projects entail the recovery of rare earths from phosphogypsum stacks that occur as the by-product of phosphoric acid production, with the original source rock for both deposits being a hardrock carbonatite.

Rainbow Rare Earths (Rainbow Rare Earths) Headlines

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