Comet Industries (TSXV:CMU) Price-to-Tangible-Book : 1.90 (As of May. 21, 2025)

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What is Comet Industries Price-to-Tangible-Book?

As of today (2025-05-21), Comet Industries's share price is C$4.00. Comet Industries's Tangible Book per Share of Oct. 2024 for the quarter that ended in Oct. 2024 was C$2.11. Hence, Comet Industries's Price to Tangible Book Ratio of today is 1.90.

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

TSXV:CMU' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.84 Med: 10.66 Max: 22.73
Current: 1.9

During the past 13 years, Comet Industries's highest Price to Tangible Book Ratio was 22.73. The lowest was 1.84. And the median was 10.66.

TSXV:CMU's Price-to-Tangible-Book is ranked worse than
79.8% of 1668 companies
in the Real Estate industry
Industry Median: 0.81 vs TSXV:CMU: 1.90

A closely related ratio is called PB Ratio. As of today, Comet Industries's share price is C$4.00. Comet Industries's Book Value per Sharefor the quarter that ended in Oct. 2024 was C$2.11. Hence, Comet Industries's P/B Ratio of today is 1.90.

Comet Industries Price-to-Tangible-Book Historical Data

The historical data trend for Comet Industries'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.

Comet Industries Price-to-Tangible-Book Chart

Comet Industries Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Price-to-Tangible-Book

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14.11

10.14

7.77

12.25

1.91

Comet Industries Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Jul24	Oct24
Price-to-Tangible-Book	Get a 7-Day Free Trial															9.95	1.84	1.91	2.01	2.02

Competitive Comparison of Comet Industries's Price-to-Tangible-Book

For the Real Estate Services subindustry, Comet Industries'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.

Comet Industries's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Comet Industries's Price-to-Tangible-Book distribution charts can be found below:

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

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Comet Industries Price-to-Tangible-Book Calculation

Comet Industries's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Oct. 2024 )
	=	4.00	/	2.106
	=	1.90

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.

Comet Industries Price-to-Tangible-Book Related Terms

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

Comet Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Comet Industries Ltd (TSXV:CMU) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

1177 West Hastings Street, Suite 1610, Vancouver, BC, CAN, V6E 2K3

Website

Comet Industries Ltd is an exploration-stage company. Principally, it is engaged in the business of acquiring and holding mineral properties and holding and managing real properties, in British Columbia. The company owns unimproved land in Kamloops, Terrace, and Pender Harbor, and a rental property in Vancouver, British Columbia on a freehold basis. Its segment includes Rental, Exploration, and General or administration. The company generates maximum revenue from the Rental segment. It owns an interest in the Big Onion zone on the Iron Mask property, which consists of approximately five crown-granted mineral claims.

Executives