This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
As of today (2024-05-22), New Found Gold's share price is C$5.24. New Found Gold's Median PS Value is C$0.00. Therefore, New Found Gold's Price to Median PS Value for today is 0.00.
The historical rank and industry rank for New Found Gold's Median PS Value or its related term are showing as below:
TSXV:NFG's Price-to-Median-PS-Value is not ranked *
in the Metals & Mining industry.
Industry Median: 1.05 * Ranked among companies with meaningful Price-to-Median-PS-Value only.
New Found Gold Median PS Value Historical Data
The historical data trend for New Found Gold's Median PS Value 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.
Competitive Comparison of New Found Gold's Median PS Value
For the Gold subindustry, New Found Gold's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
New Found Gold's Price-to-Median-PS-Value Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Found Gold's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where New Found Gold's Price-to-Median-PS-Value falls into.
New Found Gold Median PS Value Calculation
New Found Gold's Median PS Value for today is calculated as
10-Year Median PS Ratio is .
New Found Gold's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.
* 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.
New Found Gold (TSXV:NFG) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
New Found Gold's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
5.24
/
0.00
=
* 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.
New Found Gold Median PS Value Related Terms
Thank you for viewing the detailed overview of New Found Gold's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Company's exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).
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