Vale (VALE) Price-to-Tangible-Book

: 1.33 (As of Today)

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As of today (2024-04-19), Vale's share price is $12.18. Vale's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $9.18. Hence, Vale's Price to Tangible Book Ratio of today is 1.33.

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

VALE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.38 Med: 2.38 Max: 4.34
Current: 1.42

During the past 13 years, Vale's highest Price to Tangible Book Ratio was 4.34. The lowest was 1.38. And the median was 2.38.

VALE's Price-to-Tangible-Book is ranked worse than
51.14% of 2235 companies
in the Metals & Mining industry
Industry Median: 1.33 vs VALE: 1.42

A closely related ratio is called PB Ratio. As of today, Vale's share price is $12.18. Vale's Book Value per Sharefor the quarter that ended in Dec. 2023 was $9.18. Hence, Vale's P/B Ratio of today is 1.33.

Vale Price-to-Tangible-Book Historical Data

The historical data trend for Vale'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 2.14 [6] => 3.25 [7] => 2.66 [8] => 2.97 [9] => 1.73 )

Vale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.14

3.25

2.66

2.97

1.73

Vale 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																2.97	2.60	2.10	2.10	1.73

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Vale'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.

Vale Price-to-Tangible-Book Distribution

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

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

Vale Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	12.18	/	9.184
	=	1.33

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.

Vale Price-to-Tangible-Book Related Terms

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

Vale (VALE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (NYSE:VALE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

VALE:Mexico 0LBF:UK XVALO:Spain CVLC:Germany CVLC:Germany CVLB:Germany CVLB:Germany CVLC:Germany CVLB:Germany VALE3:Brazil VALE:Argentina

Address

Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145

Website

https://www.vale.com

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.