Xtra-Gold Resources (TSX:XTG) PB Ratio : 4.15 (As of May. 13, 2024)

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What is Xtra-Gold Resources 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 (2024-05-13), Xtra-Gold Resources's share price is C$1.30. Xtra-Gold Resources's Book Value per Share for the quarter that ended in Mar. 2024 was C$0.31. Hence, Xtra-Gold Resources's PB Ratio of today is 4.15.

The historical rank and industry rank for Xtra-Gold Resources's PB Ratio or its related term are showing as below:

TSX:XTG' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 5.15
Current: 4.38

During the past 13 years, Xtra-Gold Resources's highest PB Ratio was 5.15. The lowest was 0.00. And the median was 0.00.

TSX:XTG's PB Ratio is ranked worse than
82.74% of 2393 companies
in the Metals & Mining industry
Industry Median: 1.41 vs TSX:XTG: 4.38

During the past 12 months, Xtra-Gold Resources's average Book Value Per Share Growth Rate was -3.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 16.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 16.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Xtra-Gold Resources was 46.80% per year. The lowest was -34.20% per year. And the median was 5.40% per year.

Back to Basics: PB Ratio

Xtra-Gold Resources PB Ratio Historical Data

The historical data trend for Xtra-Gold Resources'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.

Xtra-Gold Resources PB Ratio Chart

Xtra-Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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3.23

4.96

3.64

2.82

3.54

Xtra-Gold Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															3.03	2.64	2.35	3.54	-

Competitive Comparison of Xtra-Gold Resources's PB Ratio

For the Gold subindustry, Xtra-Gold Resources'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.

Xtra-Gold Resources's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xtra-Gold Resources's PB Ratio distribution charts can be found below:

* The bar in red indicates where Xtra-Gold Resources's PB Ratio falls into.

Xtra-Gold Resources 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.

Xtra-Gold Resources's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	1.30	/	0.313
	=	4.15

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.

Xtra-Gold Resources (TSX:XTG) 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.

Xtra-Gold Resources PB Ratio Related Terms

Thank you for viewing the detailed overview of Xtra-Gold Resources's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Xtra-Gold Resources (TSX:XTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xtra-Gold Resources Corp (TSX:XTG) » Definitions » PB Ratio

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XTGRF:USA

Address

Shirley Street Plaza, Suite 2150, P.O Box AP 59217, Nassau, BHS

Website

https://www.xtragold.com

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.

Executives

Leon Van Der Merwe

10% Security Holder

Xtra-Gold Resources (TSX:XTG) Headlines

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