Cannon Resources (ASX:CNR) Price-to-Tangible-Book : 2.38 (As of Jun. 07, 2024)

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What is Cannon Resources Price-to-Tangible-Book?

As of today (2024-06-07), Cannon Resources's share price is A$0.445. Cannon Resources's Tangible Book per Share of Dec. 2021 for the quarter that ended in Dec. 2021 was A$0.19. Hence, Cannon Resources's Price to Tangible Book Ratio of today is 2.38.

The historical rank and industry rank for Cannon Resources's Price-to-Tangible-Book or its related term are showing as below:

ASX:CNR's Price-to-Tangible-Book is not ranked ^*
in the Metals & Mining industry.
Industry Median: 1.34
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Cannon Resources's share price is A$0.445. Cannon Resources's Book Value per Sharefor the quarter that ended in Dec. 2021 was A$0.19. Hence, Cannon Resources's P/B Ratio of today is 2.38.

Cannon Resources Price-to-Tangible-Book Historical Data

The historical data trend for Cannon Resources's Price-to-Tangible-Book 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.

Cannon Resources Price-to-Tangible-Book Chart

Cannon Resources Annual Data

Trend

Jun22

Price-to-Tangible-Book

2.58

Cannon Resources Semi-Annual Data
	Dec21	Jun22
Price-to-Tangible-Book	2.62	2.58

Competitive Comparison of Cannon Resources's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Cannon Resources's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Cannon Resources's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Cannon Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Cannon Resources's Price-to-Tangible-Book falls into.

Cannon Resources Price-to-Tangible-Book Calculation

Cannon Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2021 )
	=	0.445	/	0.187
	=	2.38

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

Cannon Resources Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Cannon Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Cannon Resources (ASX:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cannon Resources Ltd (ASX:CNR) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cannonres.com.au

Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.