Golden State Mining (ASX:GSM) Price-to-Tangible-Book : 1.38 (As of Jun. 06, 2024)

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What is Golden State Mining Price-to-Tangible-Book?

As of today (2024-06-06), Golden State Mining's share price is A$0.011. Golden State Mining's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.01. Hence, Golden State Mining's Price to Tangible Book Ratio of today is 1.38.

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

ASX:GSM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1 Med: 2.39 Max: 12.67
Current: 1.1

During the past 5 years, Golden State Mining's highest Price to Tangible Book Ratio was 12.67. The lowest was 1.00. And the median was 2.39.

ASX:GSM's Price-to-Tangible-Book is ranked better than
58.66% of 2223 companies
in the Metals & Mining industry
Industry Median: 1.33 vs ASX:GSM: 1.10

A closely related ratio is called PB Ratio. As of today, Golden State Mining's share price is A$0.011. Golden State Mining's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.01. Hence, Golden State Mining's P/B Ratio of today is 1.38.

Golden State Mining Price-to-Tangible-Book Historical Data

The historical data trend for Golden State Mining'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 State Mining Price-to-Tangible-Book Chart

Golden State Mining Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

1.21

12.67

2.92

1.33

4.09

Golden State Mining Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial						2.73	1.33	2.39	4.09	1.88

Competitive Comparison of Golden State Mining's Price-to-Tangible-Book

For the Gold subindustry, Golden State Mining'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 State Mining's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Golden State Mining Price-to-Tangible-Book Calculation

Golden State Mining'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	/	0.008
	=	1.38

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.

Golden State Mining Price-to-Tangible-Book Related Terms

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

Golden State Mining (ASX:GSM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-21 Outram Street, Suite 15, West Perth, Perth, WA, AUS, 6005

Website

https://www.goldenstatemining.com.au

Golden State Mining Ltd is a resources exploration company. It is mainly engaged in the acquisition and exploration of assets in Western Australia. The firm is occupied in the exploration of the Murchison Project, Yule Project, Four Mile Well Project, Paynes Find Lithium Project, Southern Cross Gold Project, Yamarna Nickel Project, Ashburton Base Metals Project in Western Australia.