Tasman Resources (Tasman Resources) Price-to-Tangible-Book : 1.11 (As of Apr. 30, 2024)

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What is Tasman Resources Price-to-Tangible-Book?

As of today (2024-04-30), Tasman Resources's share price is $0.0167. Tasman Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.02. Hence, Tasman Resources's Price to Tangible Book Ratio of today is 1.11.

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

TASEF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.23 Med: 1.1 Max: 3.86
Current: 0.24

During the past 13 years, Tasman Resources's highest Price to Tangible Book Ratio was 3.86. The lowest was 0.23. And the median was 1.10.

TASEF's Price-to-Tangible-Book is ranked better than
96.38% of 2238 companies
in the Metals & Mining industry
Industry Median: 1.33 vs TASEF: 0.24

A closely related ratio is called PB Ratio. As of today, Tasman Resources's share price is $0.0167. Tasman Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.02. Hence, Tasman Resources's P/B Ratio of today is 1.11.

Tasman Resources Price-to-Tangible-Book Historical Data

The historical data trend for Tasman 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.

* Premium members only.

Tasman Resources Price-to-Tangible-Book Chart

Tasman Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.36

0.63

1.35

0.57

1.33

Tasman Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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															0.78	0.57	0.15	1.33	1.68

Competitive Comparison of Tasman Resources's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Tasman 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.

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

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

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

Tasman Resources Price-to-Tangible-Book Calculation

Tasman Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.0167	/	0.015
	=	1.11

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.

Tasman Resources Price-to-Tangible-Book Related Terms

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

Tasman Resources (Tasman Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tasman Resources Ltd (OTCPK:TASEF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TAS:Australia

Address

197 St Georges Terrace, Level 15, Perth, WA, AUS, 6000

Website

https://www.tasmanresources.com.au

Tasman Resources Ltd is an Australian exploration company. The company is focusing on exploration projects with the potential to deposit a wide range of precious and base metals including gold, silver, copper, zinc, nickel, and uranium. Its projects are Lake Torrens Project, Pernatty Project and Vulcan prospect. The company's segments include Tasman Resources Ltd and Eden Innovations. It generates maximum revenue from the Eden Innovations segment.