Westgold Resources (Westgold Resources) Price-to-Tangible-Book : 1.57 (As of May. 10, 2024)

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

As of today (2024-05-10), Westgold Resources's share price is $1.43. Westgold Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.91. Hence, Westgold Resources's Price to Tangible Book Ratio of today is 1.57.

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

WGXRF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.72 Med: 1.65 Max: 2.02
Current: 1.54

During the past 7 years, Westgold Resources's highest Price to Tangible Book Ratio was 2.02. The lowest was 0.72. And the median was 1.65.

WGXRF's Price-to-Tangible-Book is ranked worse than
56.36% of 2232 companies
in the Metals & Mining industry
Industry Median: 1.33 vs WGXRF: 1.54

A closely related ratio is called PB Ratio. As of today, Westgold Resources's share price is $1.43. Westgold Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.91. Hence, Westgold Resources's P/B Ratio of today is 1.57.

Westgold Resources Price-to-Tangible-Book Historical Data

The historical data trend for Westgold 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.

Westgold Resources Price-to-Tangible-Book Chart

Westgold Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.30

1.63

1.41

0.98

1.10

Westgold Resources Semi-Annual Data
	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										1.45	0.98	0.69	1.10	1.67

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

For the Gold subindustry, Westgold 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.

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

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

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

Westgold Resources Price-to-Tangible-Book Calculation

Westgold 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 )
	=	1.43	/	0.909
	=	1.57

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.

Westgold Resources Price-to-Tangible-Book Related Terms

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

Westgold Resources (Westgold Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0W2:Germany WGX:Australia

Address

200 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.westgold.com.au

Westgold Resources Ltd is engaged in the exploration, development, and operation of gold mines, predominantly in Western Australia. The company comprises the following reportable segments - Murchison Operations, Bryah Operations and others. Murchison Operations segment contributes to the vast majority of revenue.