Ero Copper (TSX:ERO) PB Ratio : 2.68 (As of Apr. 29, 2024)

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What is Ero Copper 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 (2024-04-29), Ero Copper's share price is C$28.18. Ero Copper's Book Value per Share for the quarter that ended in Dec. 2023 was C$10.50. Hence, Ero Copper's PB Ratio of today is 2.68.

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

TSX:ERO' s PB Ratio Range Over the Past 10 Years
Min: 1.54 Med: 5.23 Max: 13.28
Current: 2.68

During the past 8 years, Ero Copper's highest PB Ratio was 13.28. The lowest was 1.54. And the median was 5.23.

TSX:ERO's PB Ratio is ranked worse than
70.15% of 2395 companies
in the Metals & Mining industry
Industry Median: 1.38 vs TSX:ERO: 2.68

During the past 12 months, Ero Copper's average Book Value Per Share Growth Rate was 32.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 50.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 43.90% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Ero Copper was 50.30% per year. The lowest was 14.00% per year. And the median was 43.90% per year.

Back to Basics: PB Ratio

Ero Copper PB Ratio Historical Data

The historical data trend for Ero Copper'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.

Ero Copper PB Ratio Chart

Ero Copper Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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7.75

6.59

3.46

2.35

2.00

Ero Copper 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															2.35	2.77	2.86	-	2.00

Competitive Comparison of Ero Copper's PB Ratio

For the Copper subindustry, Ero Copper'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.

Ero Copper's PB Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Ero Copper's PB Ratio falls into.

Ero Copper 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.

Ero Copper's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	28.18	/	10.501
	=	2.68

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.

Ero Copper (TSX:ERO) 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.

Ero Copper PB Ratio Related Terms

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Ero Copper (TSX:ERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ero Copper Corp (TSX:ERO) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

ERO:USA E0B:Germany

Address

625 Howe Street, Suite 1050, Vancouver, BC, CAN, V6C 2T6

Website

https://www.erocopper.com

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero's operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine. It holds an interest in MCSA Mining Complex, Boa Esperanca property, and NX Gold Property.