Usha Resources (TSXV:USHA) Price-to-Tangible-Book : 1.04 (As of May. 24, 2024)

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

As of today (2024-05-24), Usha Resources's share price is C$0.095. Usha Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.09. Hence, Usha Resources's Price to Tangible Book Ratio of today is 1.04.

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

TSXV:USHA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.88 Med: 2.54 Max: 6.25
Current: 1.06

During the past 6 years, Usha Resources's highest Price to Tangible Book Ratio was 6.25. The lowest was 0.88. And the median was 2.54.

TSXV:USHA's Price-to-Tangible-Book is ranked better than
59.77% of 2222 companies
in the Metals & Mining industry
Industry Median: 1.38 vs TSXV:USHA: 1.06

A closely related ratio is called PB Ratio. As of today, Usha Resources's share price is C$0.095. Usha Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.09. Hence, Usha Resources's P/B Ratio of today is 1.04.

Usha Resources Price-to-Tangible-Book Historical Data

The historical data trend for Usha 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.

Usha Resources Price-to-Tangible-Book Chart

Usha Resources Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.86

2.26

3.84

3.43

2.24

Usha Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.81	2.14	2.24	1.26	0.88

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

For the Other Precious Metals & Mining subindustry, Usha 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.

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

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

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

Usha Resources Price-to-Tangible-Book Calculation

Usha 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 )
	=	0.095	/	0.091
	=	1.04

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.

Usha Resources Price-to-Tangible-Book Related Terms

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

Usha Resources (TSXV:USHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Usha Resources Ltd (TSXV:USHA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

USHAF:USA JO00:Germany

Address

1575 Kamloops Street, Vancouver, BC, CAN, V5K 3W1

Website

https://www.usharesources.com

Usha Resources Ltd is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties provides target-rich diversification and consists of Jackpot Lake, a lithium project in Nevada; Nicobat, a nickel-copper-cobalt project in Ontario; and Lost Basin, a gold-copper project in Arizona.

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