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Maritime Resources (TSXV:MAE) PB Ratio : 0.85 (As of May. 23, 2024)


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What is Maritime 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 (2024-05-23), Maritime Resources's share price is C$0.06. Maritime Resources's Book Value per Share for the quarter that ended in Dec. 2023 was C$0.07. Hence, Maritime Resources's PB Ratio of today is 0.85.

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

TSXV:MAE' s PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 3.19
Current: 0.77

During the past 13 years, Maritime Resources's highest PB Ratio was 3.19. The lowest was 0.00. And the median was 0.00.

TSXV:MAE's PB Ratio is ranked better than
73.37% of 2377 companies
in the Metals & Mining industry
Industry Median: 1.44 vs TSXV:MAE: 0.77

During the past 12 months, Maritime Resources's average Book Value Per Share Growth Rate was -11.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -5.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Maritime Resources was 12.10% per year. The lowest was -13.80% per year. And the median was -2.40% per year.

Back to Basics: PB Ratio


Maritime Resources PB Ratio Historical Data

The historical data trend for Maritime 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.

Maritime Resources PB Ratio Chart

Maritime Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 1.81 1.44 0.56 0.63

Maritime Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.56 0.57 0.51 0.49 0.63

Competitive Comparison of Maritime Resources's PB Ratio

For the Gold subindustry, Maritime 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.


Maritime Resources's PB Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Maritime Resources's PB Ratio falls into.



Maritime 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.

Maritime Resources's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=0.06/0.071
=0.85

* 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.

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

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.


Maritime Resources  (TSXV:MAE) 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.


Maritime Resources PB Ratio Related Terms

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


Maritime Resources (TSXV:MAE) Business Description

Traded in Other Exchanges
Address
c/o Harper Grey LLP, 3200-650 West Georgia Street, Vancouver, BC, CAN, V6B 4P7
Maritime Resources Corp holds a 100% interest in the Green Bay Property, including the former Hammerdown gold mine and Orion project plus the Whisker Valley exploration project, all located near the Baie Verte Mining District and Springdale, Newfoundland and Labrador. The Hammerdown gold deposit is characterized by near-vertical, narrow mesothermal quartz veins containing gold in pyrite. Its exploration properties are in Canada. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Quebec, and several other exploration properties and royalty interests in key mining camps across Canada.
Executives
Garett Macdonald Senior Officer

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