Golden Mile Resources (ASX:G88) Price-to-Tangible-Book : 0.61 (As of May. 18, 2024)

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What is Golden Mile Resources Price-to-Tangible-Book?

As of today (2024-05-18), Golden Mile Resources's share price is A$0.011. Golden Mile Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.02. Hence, Golden Mile Resources's Price to Tangible Book Ratio of today is 0.61.

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

ASX:G88' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.55 Med: 1.73 Max: 5.81
Current: 0.55

During the past 6 years, Golden Mile Resources's highest Price to Tangible Book Ratio was 5.81. The lowest was 0.55. And the median was 1.73.

ASX:G88's Price-to-Tangible-Book is ranked better than
82.17% of 2226 companies
in the Metals & Mining industry
Industry Median: 1.365 vs ASX:G88: 0.55

A closely related ratio is called PB Ratio. As of today, Golden Mile Resources's share price is A$0.011. Golden Mile Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.02. Hence, Golden Mile Resources's P/B Ratio of today is 0.61.

Golden Mile Resources Price-to-Tangible-Book Historical Data

The historical data trend for Golden Mile 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.

Golden Mile Resources Price-to-Tangible-Book Chart

Golden Mile Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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0.65

4.08

2.55

1.20

2.65

Golden Mile Resources Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial							2.17	1.20	0.97	2.65	1.06

Competitive Comparison of Golden Mile Resources's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Golden Mile 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.

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

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

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

Golden Mile Resources Price-to-Tangible-Book Calculation

Golden Mile 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 )
	=	0.011	/	0.018
	=	0.61

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.

Golden Mile Resources Price-to-Tangible-Book Related Terms

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

Golden Mile Resources (ASX:G88) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Mile Resources Ltd (ASX:G88) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.goldenmileresources.com.au

Golden Mile Resources Ltd is an Australian based exploration company that owns several resource tenements in Western Australia and are actively exploring the tenements for gold, nickel and cobalt and related resources. Its projects include Quicksilver Nickel-Cobalt Project, Minara Nickel-Cobalt Project, Ironstone Well Au Project, Murchison Lithium and Gold, Yarrambee Project, Darlot Au Project, Yuinmery Project, Gidgee Polymetallic Project and Leonora East Gold Project. The principal business and geographical segment of the company is Mineral Exploration within Western Australia.

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