Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
All Grade Mining (GREY:HYII) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
All Grade Mining Tangible Book per Share Related Terms
All Grade Mining Tangible Book per Share Historical Data
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The historical data trend for All Grade Mining's Tangible Book per Share 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.
HYII vs VCAN, ADAC, CIIT: Tangible Book per Share Comparison
For the Steel subindustry, All Grade Mining'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.
All Grade Mining Price-to-Tangible-Book vs Steel Industry
For the Steel industry and Basic Materials sector, All Grade Mining's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where All Grade Mining'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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
What does a Tangible Book per Share of $-0.33 mean?
All Grade Mining (HYII) has a Tangible Book per Share of $-0.33 as of Sep. 2013. Tangible book per share equals the per-share value of a company's tangible equity. View historical data on All Grade Mining and its competitors.
Is All Grade Mining's Tangible Book per Share too high?
All Grade Mining's current Tangible Book per Share is $-0.33.
How does All Grade Mining's Tangible Book per Share compare to VCAN and ADAC?
All Grade Mining's Tangible Book per Share of $-0.33 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tangible Book per Share for a Steel company?
A good Tangible Book per Share depends on the Steel industry context. However, Tangible Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tangible Book per Share mean?
A high Tangible Book per Share can signal that a stock is expensive relative to its fundamentals. Tangible book per share equals the per-share value of a company's tangible equity. View historical data on All Grade Mining and its competitors. All Grade Mining's current Tangible Book per Share is $-0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is All Grade Mining stock overvalued right now?
All Grade Mining (HYII) has a current Tangible Book per Share of $-0.33. The current Tangible Book per Share is $-0.33. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tangible Book per Share calculated?
Tangible Book per Share is calculated from a company's financial statements. For All Grade Mining (HYII), the current Tangible Book per Share is $-0.33 as of Sep. 2013. 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.
All Grade Mining Inc is a development-stage company focused on the extraction of iron ore and copper from mines located in the Republic of Chile. The company owns the Salitrosa Iron Ore Mine, located 28 kilometers from Chanaral and 60 kilometers from the Caldera port. It comprises of iron ore reserve of over 40 million metric tons based on magnometric and geological studies done on the property.
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