Newpath Resources (XCNQ:PATH) EV-to-EBIT : -1.40 (As of Jun. 03, 2024)

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What is Newpath Resources EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Newpath Resources's Enterprise Value is C$2.63 Mil. Newpath Resources's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 was C$-1.88 Mil. Therefore, Newpath Resources's EV-to-EBIT for today is -1.40.

The historical rank and industry rank for Newpath Resources's EV-to-EBIT or its related term are showing as below:

XCNQ:PATH' s EV-to-EBIT Range Over the Past 10 Years
Min: -3.59 Med: 0 Max: 0.03
Current: -1.4

During the past 4 years, the highest EV-to-EBIT of Newpath Resources was 0.03. The lowest was -3.59. And the median was 0.00.

XCNQ:PATH's EV-to-EBIT is ranked worse than
100% of 567 companies
in the Metals & Mining industry
Industry Median: 13.03 vs XCNQ:PATH: -1.40

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Newpath Resources's Enterprise Value for the quarter that ended in Oct. 2023 was C$3.69 Mil. Newpath Resources's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 was C$-1.88 Mil. Newpath Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 was -50.91%.

Newpath Resources EV-to-EBIT Historical Data

The historical data trend for Newpath Resources's EV-to-EBIT 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.

Newpath Resources EV-to-EBIT Chart

Newpath Resources Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

EV-to-EBIT

-3.27

-0.22

-4.02

Newpath Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
EV-to-EBIT	Get a 7-Day Free Trial												-0.14	-0.44	-4.02	-3.68	-1.96

Competitive Comparison of Newpath Resources's EV-to-EBIT

For the Gold subindustry, Newpath Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Newpath Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newpath Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Newpath Resources's EV-to-EBIT falls into.

Newpath Resources EV-to-EBIT Calculation

Newpath Resources's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	2.634	/	-1.879
	=	-1.40

Newpath Resources's current Enterprise Value is C$2.63 Mil.
Newpath Resources's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.88 Mil.

Newpath Resources (XCNQ:PATH) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Newpath Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Oct. 2023 )	=	EBIT	/	Enterprise Value (Q: Oct. 2023 )
	=	-1.879	/	3.690622
	=	-50.91 %

Newpath Resources's Enterprise Value for the quarter that ended in Oct. 2023 was C$3.69 Mil.
Newpath Resources's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.88 Mil.

Newpath Resources EV-to-EBIT Related Terms

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Newpath Resources (XCNQ:PATH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newpath Resources Inc (XCNQ:PATH) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

0MZ:Germany

Address

333 Terminal Avenue, Unit 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.newpathresources.com

Newpath Resources Inc is a precious metals exploration company. It owns the Northshore Gold Project, located in the Schreiber-Hemlo Greenstone Belt near Thunder Bay, Ontario which is prospective for gold and silver mineralization. The company also owns an interest in two separate claim blocks known as the Hemlo Eastern Flanks Project. The company also holds an option to acquire a 100% undivided interest in a continuous claim block comprising the Emmons Peak Project located south of Dryden, Ontario that is near the Treasury Metals Goliath and Goldlund advanced gold development projects.

Executives

Alexander Mcaulay

Director