New Found Gold (TSXV:NFG) Price-to-Tangible-Book : 14.07 (As of May. 01, 2024)

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What is New Found Gold Price-to-Tangible-Book?

As of today (2024-05-01), New Found Gold's share price is C$4.94. New Found Gold's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.35. Hence, New Found Gold's Price to Tangible Book Ratio of today is 14.07.

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

TSXV:NFG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 8.31 Med: 11.74 Max: 14.07
Current: 14.07

During the past 5 years, New Found Gold's highest Price to Tangible Book Ratio was 14.07. The lowest was 8.31. And the median was 11.74.

TSXV:NFG's Price-to-Tangible-Book is ranked worse than
97.18% of 2238 companies
in the Metals & Mining industry
Industry Median: 1.33 vs TSXV:NFG: 14.07

A closely related ratio is called PB Ratio. As of today, New Found Gold's share price is C$4.94. New Found Gold's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.35. Hence, New Found Gold's P/B Ratio of today is 14.07.

New Found Gold Price-to-Tangible-Book Historical Data

The historical data trend for New Found 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.

New Found Gold Price-to-Tangible-Book Chart

New Found Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

8.31

12.02

11.45

13.30

New Found Gold Quarterly Data
	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														11.45	18.30	20.09	20.97	13.30

Competitive Comparison of New Found Gold's Price-to-Tangible-Book

For the Gold subindustry, New Found 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.

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

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

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

New Found Gold Price-to-Tangible-Book Calculation

New Found 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 )
	=	4.94	/	0.351
	=	14.07

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.

New Found Gold Price-to-Tangible-Book Related Terms

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

New Found Gold (TSXV:NFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Found Gold Corp (TSXV:NFG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NFGC:USA 5QG:Germany

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.newfoundgold.ca

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).