VAR Resources (TSXV:VAR) Price-to-Tangible-Book : 5.81 (As of May. 28, 2024)

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

As of today (2024-05-28), VAR Resources's share price is C$0.18. VAR Resources's Tangible Book per Share of Jul. 2022 for the quarter that ended in Jul. 2022 was C$0.03. Hence, VAR Resources's Price to Tangible Book Ratio of today is 5.81.

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

TSXV:VAR's Price-to-Tangible-Book is not ranked ^*
in the Metals & Mining industry.
Industry Median: 1.38
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, VAR Resources's share price is C$0.18. VAR Resources's Book Value per Sharefor the quarter that ended in Jul. 2022 was C$0.03. Hence, VAR Resources's P/B Ratio of today is 5.81.

VAR Resources Price-to-Tangible-Book Historical Data

The historical data trend for VAR 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.

VAR Resources Price-to-Tangible-Book Chart

VAR Resources Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Price-to-Tangible-Book

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15.63

5.41

VAR Resources Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Price-to-Tangible-Book	Get a 7-Day Free Trial															4.50	5.41	5.29	6.67	5.81

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

For the Other Industrial Metals & Mining subindustry, VAR 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.

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

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

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

VAR Resources Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jul. 2022 )
	=	0.18	/	0.031
	=	5.81

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.

VAR Resources Price-to-Tangible-Book Related Terms

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