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Develop GlobalVTEXF 51 Price-to-Tangible-Book is 5.97 as of Aug. 30, 2026. GuruFocus rates VTEXF with a GF Score™ of 51/100 and a GF Value™ of $4.36 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,219 Metals & Mining companies, Develop Global ranks worse than 82.83% on this metric.
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.
Develop Global Price-to-Tangible-Book Related Terms
Develop Global Price-to-Tangible-Book Historical Data
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The historical data trend for Develop Global'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.
Develop Global Price-to-Tangible-Book Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Develop Global'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.
Develop Global Price-to-Tangible-Book vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Develop Global's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Develop Global's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Develop Global (VTEXF) has a Price-to-Tangible-Book of 5.97 as of Aug. 30, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Develop Global and its competitors. According to the industry distribution chart, Develop Global ranks #1838 out of 2219 companies in the Metals & Mining industry, placing it in the top 82.8%.
Is Develop Global's Price-to-Tangible-Book too high?
Develop Global's current Price-to-Tangible-Book is 5.97. The Metals & Mining industry median Price-to-Tangible-Book is 2.38. Develop Global's value of 5.97 is 150.8% above this industry median. Based on the distribution chart, Develop Global ranks #1838 out of 2219 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Develop Global has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Develop Global's Price-to-Tangible-Book compare to competitors?
According to the Metals & Mining industry distribution chart, Develop Global ranks #1838 out of 2219 companies for Price-to-Tangible-Book. This places Develop Global in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.38. Develop Global's value of 5.97 is 150.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Metals & Mining company?
The median Price-to-Tangible-Book among Metals & Mining companies is 2.38, based on 2,219 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Develop Global's current Price-to-Tangible-Book of 5.97 is 150.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Develop Global and its competitors. For the Metals & Mining industry, the median Price-to-Tangible-Book is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Develop Global's current Price-to-Tangible-Book is 5.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develop Global stock overvalued right now?
Based on GuruFocus' analysis, Develop Global (VTEXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.36, compared to a current price of $3.48 — trading 20.2% below its estimated fair value. The current Price-to-Tangible-Book is 5.97 and 150.8% above the Metals & Mining industry median of 2.38. Develop Global's overall GF Score™ is 51/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Develop Global (VTEXF), the current Price-to-Tangible-Book is 5.97 as of Aug. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Develop Global (VTEXF) Overvalued in 2026?
Based on GuruFocus' analysis, Develop Global stock appears to be undervalued.
The current stock price of $3.48 is trading 20.2% below its estimated GF Value™ of $4.36.
GuruFocus considers Develop Global to be Modestly Undervalued.
Key valuation signals for VTEXF:
Price-to-Tangible-Book: 5.97
GF Value™: $4.36 vs. price of $3.48 (20.2% below fair value)
Industry Position: 150.8% above the Metals & Mining median (#1838 of 2219)
No single metric tells the full story. See the VTEXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Develop Global Ltd is an Australian company focused on the exploration and development of its advanced zinc-copper projects located near Port Hedland in the premier Pilbara mining province of Western Australia. The company owns two advanced Zinc / Copper projects which include Woodlawn Copper and Sulphur Springs.
51GF Score
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