Cavalier Resources (ASX:CVR) Price-to-Tangible-Book : 1.94 (As of May. 31, 2024)

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

As of today (2024-05-31), Cavalier Resources's share price is A$0.20. Cavalier Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.10. Hence, Cavalier Resources's Price to Tangible Book Ratio of today is 1.94.

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

ASX:CVR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.07 Med: 1.28 Max: 2
Current: 2

During the past 2 years, Cavalier Resources's highest Price to Tangible Book Ratio was 2.00. The lowest was 1.07. And the median was 1.28.

ASX:CVR's Price-to-Tangible-Book is ranked worse than
55.72% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:CVR: 2.00

A closely related ratio is called PB Ratio. As of today, Cavalier Resources's share price is A$0.20. Cavalier Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.10. Hence, Cavalier Resources's P/B Ratio of today is 1.94.

Cavalier Resources Price-to-Tangible-Book Historical Data

The historical data trend for Cavalier 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.

Cavalier Resources Price-to-Tangible-Book Chart

Cavalier Resources Annual Data

Trend

Jun22

Jun23

Price-to-Tangible-Book

1.72

1.28

Cavalier Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	-	1.72	-	1.28	1.07

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

For the Gold subindustry, Cavalier 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.

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

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

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

Cavalier Resources Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.20	/	0.103
	=	1.94

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.

Cavalier Resources Price-to-Tangible-Book Related Terms

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

Cavalier Resources (ASX:CVR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.cavalierresources.com.au

Cavalier Resources Ltd is focused on identifying and acquiring prospective mineral exploration projects. The company owns or has the right to acquire controlling interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella's Rock Nickel-Gold Project. These projects are prospective for gold and nickel mineralization. The company has a single geographical location i.e. Australia.