Mount Gibson Iron (ASX:MGX) PB Ratio : 0.78 (As of May. 16, 2024)

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What is Mount Gibson Iron PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-16), Mount Gibson Iron's share price is A$0.435. Mount Gibson Iron's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.56. Hence, Mount Gibson Iron's PB Ratio of today is 0.78.

The historical rank and industry rank for Mount Gibson Iron's PB Ratio or its related term are showing as below:

ASX:MGX' s PB Ratio Range Over the Past 10 Years
Min: 0.16 Med: 1.02 Max: 2.78
Current: 0.78

During the past 13 years, Mount Gibson Iron's highest PB Ratio was 2.78. The lowest was 0.16. And the median was 1.02.

ASX:MGX's PB Ratio is ranked better than
60.86% of 608 companies
in the Steel industry
Industry Median: 1.015 vs ASX:MGX: 0.78

During the past 12 months, Mount Gibson Iron's average Book Value Per Share Growth Rate was 24.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -8.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -4.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mount Gibson Iron was 114.10% per year. The lowest was -80.90% per year. And the median was 2.40% per year.

Back to Basics: PB Ratio

Mount Gibson Iron PB Ratio Historical Data

The historical data trend for Mount Gibson Iron's PB Ratio 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.

Mount Gibson Iron PB Ratio Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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1.88

1.05

1.56

1.23

0.98

Mount Gibson Iron Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.80	1.23	1.09	0.98	0.99

Competitive Comparison of Mount Gibson Iron's PB Ratio

For the Steel subindustry, Mount Gibson Iron's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Mount Gibson Iron's PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mount Gibson Iron's PB Ratio distribution charts can be found below:

* The bar in red indicates where Mount Gibson Iron's PB Ratio falls into.

Mount Gibson Iron PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Mount Gibson Iron's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.435	/	0.555
	=	0.78

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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

Mount Gibson Iron (ASX:MGX) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

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

Mount Gibson Iron PB Ratio Related Terms

Thank you for viewing the detailed overview of Mount Gibson Iron's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Mount Gibson Iron (ASX:MGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mount Gibson Iron Ltd (ASX:MGX) » Definitions » PB Ratio

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Traded in Other Exchanges

MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.

Mount Gibson Iron (ASX:MGX) Headlines

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