Providence Gold Mines (TSXV:PHD) PB Ratio : 0.73 (As of Jun. 02, 2024)

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What is Providence Gold Mines PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-02), Providence Gold Mines's share price is C$0.03. Providence Gold Mines's Book Value per Share for the quarter that ended in Dec. 2023 was C$0.04. Hence, Providence Gold Mines's PB Ratio of today is 0.73.

The historical rank and industry rank for Providence Gold Mines's PB Ratio or its related term are showing as below:

TSXV:PHD' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 6.1
Current: 0.73

During the past 13 years, Providence Gold Mines's highest PB Ratio was 6.10. The lowest was 0.00. And the median was 0.00.

TSXV:PHD's PB Ratio is ranked better than
80.14% of 2377 companies
in the Metals & Mining industry
Industry Median: 1.43 vs TSXV:PHD: 0.73

During the past 12 months, Providence Gold Mines's average Book Value Per Share Growth Rate was -2.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -7.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -6.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Providence Gold Mines was 15.20% per year. The lowest was -49.80% per year. And the median was -7.25% per year.

Back to Basics: PB Ratio

Providence Gold Mines PB Ratio Historical Data

The historical data trend for Providence Gold Mines's PB Ratio 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.

Providence Gold Mines PB Ratio Chart

Providence Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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2.31

2.50

1.40

0.71

0.61

Providence Gold Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.71	1.00	1.28	0.77	0.61

Competitive Comparison of Providence Gold Mines's PB Ratio

For the Gold subindustry, Providence Gold Mines's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Providence Gold Mines's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Providence Gold Mines's PB Ratio distribution charts can be found below:

* The bar in red indicates where Providence Gold Mines's PB Ratio falls into.

Providence Gold Mines PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Providence Gold Mines's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.03	/	0.041
	=	0.73

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Providence Gold Mines (TSXV:PHD) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Providence Gold Mines PB Ratio Related Terms

Thank you for viewing the detailed overview of Providence Gold Mines's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Providence Gold Mines (TSXV:PHD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Providence Gold Mines Inc (TSXV:PHD) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

PRRVF:USA 7RH1:Germany

Address

Surrey RPO Guildford, P.O. Box 42096, Surrey, BC, CAN, V6C 2T5

Website

https://www.providencegold.com

Providence Gold Mines Inc is a Canada-based company engaged in the exploration and evaluation of its gold mineral property located in California. The company holds an interest in Tuolumne properties. Tuolumne Property includes six parcels and thirteen 20-acre mining claims. The company is organized into business units based on exploration and evaluation assets and has one reportable operating segment spread across two geographic locations, being that of Acquisition and exploration and evaluation in Canada and the United States.

Executives

Ronald Allan Coombes

Director