Erdene Resource Development (TSX:ERD) 3-Year Book Growth Rate : 2.90% (As of Dec. 2023)

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What is Erdene Resource Development 3-Year Book Growth Rate?

Erdene Resource Development's Book Value per Share for the quarter that ended in Dec. 2023 was C$0.17.

During the past 12 months, Erdene Resource Development's average Book Value per Share Growth Rate was 14.00% per year. During the past 3 years, the average Book Value per Share Growth Rate was 2.90% per year. During the past 5 years, the average Book Value per Share Growth Rate was 10.10% per year. During the past 10 years, the average Book Value per Share Growth Rate was 9.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Erdene Resource Development was 140.30% per year. The lowest was -56.10% per year. And the median was -1.15% per year.

Competitive Comparison of Erdene Resource Development's 3-Year Book Growth Rate

For the Other Industrial Metals & Mining subindustry, Erdene Resource Development's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Erdene Resource Development's 3-Year Book Growth Rate Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Erdene Resource Development's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Erdene Resource Development's 3-Year Book Growth Rate falls into.

Erdene Resource Development 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Erdene Resource Development (TSX:ERD) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Erdene Resource Development 3-Year Book Growth Rate Related Terms

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Erdene Resource Development (TSX:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Erdene Resource Development Corp (TSX:ERD) » Definitions » 3-Year Book Growth Rate

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Traded in Other Exchanges

ERDCF:USA

Address

99 Wyse Road, Metropolitan Place, Suite 1480, Dartmouth, NS, CAN, B3A 4S5

Website

https://www.erdene.com

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property.

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