Kinross Gold (Kinross Gold) Price-to-Tangible-Book : 1.37 (As of Apr. 25, 2024)

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What is Kinross Gold Price-to-Tangible-Book?

As of today (2024-04-25), Kinross Gold's share price is $6.78. Kinross Gold's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $4.96. Hence, Kinross Gold's Price to Tangible Book Ratio of today is 1.37.

The historical rank and industry rank for Kinross Gold's Price-to-Tangible-Book or its related term are showing as below:

KGC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.56 Med: 1.05 Max: 1.43
Current: 1.4

During the past 13 years, Kinross Gold's highest Price to Tangible Book Ratio was 1.43. The lowest was 0.56. And the median was 1.05.

KGC's Price-to-Tangible-Book is ranked worse than
50.87% of 2239 companies
in the Metals & Mining industry
Industry Median: 1.33 vs KGC: 1.40

A closely related ratio is called PB Ratio. As of today, Kinross Gold's share price is $6.78. Kinross Gold's Book Value per Sharefor the quarter that ended in Dec. 2023 was $4.96. Hence, Kinross Gold's P/B Ratio of today is 1.37.

Kinross Gold Price-to-Tangible-Book Historical Data

The historical data trend for Kinross Gold's Price-to-Tangible-Book 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.

Kinross Gold Price-to-Tangible-Book Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.15

1.43

1.13

0.86

1.22

Kinross Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.86	0.98	0.98	0.92	1.22

Competitive Comparison of Kinross Gold's Price-to-Tangible-Book

For the Gold subindustry, Kinross Gold'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.

Kinross Gold's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Kinross Gold's Price-to-Tangible-Book falls into.

Kinross Gold Price-to-Tangible-Book Calculation

Kinross Gold's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	6.78	/	4.955
	=	1.37

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

Kinross Gold Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Kinross Gold's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Kinross Gold (Kinross Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.