Mount Gibson Iron (ASX:MGX) Price-to-Tangible-Book : 0.78 (As of May. 16, 2024)

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What is Mount Gibson Iron Price-to-Tangible-Book?

As of today (2024-05-16), Mount Gibson Iron's share price is A$0.435. Mount Gibson Iron's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.56. Hence, Mount Gibson Iron's Price to Tangible Book Ratio of today is 0.78.

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

ASX:MGX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.6 Med: 0.99 Max: 1.88
Current: 0.78

During the past 13 years, Mount Gibson Iron's highest Price to Tangible Book Ratio was 1.88. The lowest was 0.60. And the median was 0.99.

ASX:MGX's Price-to-Tangible-Book is ranked better than
64.01% of 603 companies
in the Steel industry
Industry Median: 1.05 vs ASX:MGX: 0.78

A closely related ratio is called PB Ratio. As of today, Mount Gibson Iron's share price is A$0.435. Mount Gibson Iron's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.56. Hence, Mount Gibson Iron's P/B Ratio of today is 0.78.

Mount Gibson Iron Price-to-Tangible-Book Historical Data

The historical data trend for Mount Gibson Iron'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.

Mount Gibson Iron Price-to-Tangible-Book Chart

Mount Gibson Iron Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.88

1.05

1.56

1.23

0.98

Mount Gibson Iron Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.80	1.23	1.09	0.98	0.99

Competitive Comparison of Mount Gibson Iron's Price-to-Tangible-Book

For the Steel subindustry, Mount Gibson Iron'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.

Mount Gibson Iron's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mount Gibson Iron's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Mount Gibson Iron's Price-to-Tangible-Book falls into.

Mount Gibson Iron Price-to-Tangible-Book Calculation

Mount Gibson Iron's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.435	/	0.555
	=	0.78

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.

Mount Gibson Iron Price-to-Tangible-Book Related Terms

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

Mount Gibson Iron (ASX:MGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mount Gibson Iron Ltd (ASX:MGX) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MTGRY:USA MTGRF:USA

Address

2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mtgibsoniron.com.au

Mount Gibson Iron Ltd is a Western Australia-based iron ore mining company. The activities of the company involve mining, processing and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; care and maintenance of the Shine hematite iron ore site and related infrastructure, rehabilitation works at the Extension Hill mine site and management of the Geraldton Port facilities in the Mid-West region of Western Australia; treasury management; and the pursuit of mineral resources acquisitions and investments. The company operates into two segments: Mid-West segment and Koolan Island segment. The company derives the majority of its revenue from Koolan Island.

Mount Gibson Iron (ASX:MGX) Headlines

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