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Quebec Rare Earth Elements (STU:41K) Tangible Book per Share : €0.08 (As of Oct. 2024)


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What is Quebec Rare Earth Elements Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Quebec Rare Earth Elements's tangible book value per share for the quarter that ended in Oct. 2024 was €0.08.

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.


Quebec Rare Earth Elements Tangible Book per Share Historical Data

The historical data trend for Quebec Rare Earth Elements'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.

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Quebec Rare Earth Elements Tangible Book per Share Chart

Quebec Rare Earth Elements Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Tangible Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.49 0.45 0.06 0.08

Quebec Rare Earth Elements Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Tangible Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.07 0.08 0.08 0.08

Competitive Comparison of Quebec Rare Earth Elements's Tangible Book per Share

For the Other Industrial Metals & Mining subindustry, Quebec Rare Earth Elements'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.


Quebec Rare Earth Elements's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Quebec Rare Earth Elements's Price-to-Tangible-Book falls into.



Quebec Rare Earth Elements Tangible Book per Share Calculation

Quebec Rare Earth Elements's Tangible Book Value Per Share for the fiscal year that ended in Apr. 2024 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(3.305-0-0)/43.745
=0.08

Quebec Rare Earth Elements's Tangible Book Value Per Share for the quarter that ended in Oct. 2024 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(3.862-0-0)/50.231
=0.08

* 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.


Quebec Rare Earth Elements  (STU:41K) 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.


Quebec Rare Earth Elements Tangible Book per Share Related Terms

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Quebec Rare Earth Elements Business Description

Traded in Other Exchanges
Address
410 West Georgia Street, 5th Floor, Vancouver, BC, CAN, V6B 1Z3
Quebec Rare Earth Elements Corp is a mining exploration and development company focused on Rare Earth Elements (REE), in the favorable mining jurisdiction of Quebec. Its projects are Saguenay Rare Earth Elements Project and Sept-Iles Rare Earth Elements Project.

Quebec Rare Earth Elements Headlines

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