Canada Nickel Co (TSXV:CNC) PB Ratio : 1.29 (As of May. 15, 2024)

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What is Canada Nickel Co 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 (2024-05-15), Canada Nickel Co's share price is C$1.38. Canada Nickel Co's Book Value per Share for the quarter that ended in Jan. 2024 was C$1.07. Hence, Canada Nickel Co's PB Ratio of today is 1.29.

The historical rank and industry rank for Canada Nickel Co's PB Ratio or its related term are showing as below:

TSXV:CNC' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 18.38
Current: 1.3

During the past 4 years, Canada Nickel Co's highest PB Ratio was 18.38. The lowest was 0.00. And the median was 0.00.

TSXV:CNC's PB Ratio is ranked better than
52.64% of 2384 companies
in the Metals & Mining industry
Industry Median: 1.4 vs TSXV:CNC: 1.30

During the past 12 months, Canada Nickel Co's average Book Value Per Share Growth Rate was 7.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 40.90% per year.

During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Canada Nickel Co was 40.90% per year. The lowest was 40.90% per year. And the median was 40.90% per year.

Back to Basics: PB Ratio

Canada Nickel Co PB Ratio Historical Data

The historical data trend for Canada Nickel Co'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.

Canada Nickel Co PB Ratio Chart

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

PB Ratio

5.11

5.46

1.36

1.03

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
PB Ratio	Get a 7-Day Free Trial												1.65	1.30	1.16	1.03	1.31

Competitive Comparison of Canada Nickel Co's PB Ratio

For the Other Industrial Metals & Mining subindustry, Canada Nickel Co'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.

Canada Nickel Co's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Canada Nickel Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Canada Nickel Co's PB Ratio falls into.

Canada Nickel Co 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.

Canada Nickel Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jan. 2024)
	=	1.38	/	1.066
	=	1.29

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.

Canada Nickel Co (TSXV:CNC) 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.

Canada Nickel Co PB Ratio Related Terms

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Canada Nickel Co (TSXV:CNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (TSXV:CNC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

CNIKF:USA 4E0:Germany

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.

Executives