Nova Minerals (ASX:NVA) Price-to-Tangible-Book : 0.51 (As of Jun. 01, 2024)

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What is Nova Minerals Price-to-Tangible-Book?

As of today (2024-06-01), Nova Minerals's share price is A$0.23. Nova Minerals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.45. Hence, Nova Minerals's Price to Tangible Book Ratio of today is 0.51.

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

ASX:NVA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.51 Med: 2.26 Max: 17.74
Current: 0.51

During the past 13 years, Nova Minerals's highest Price to Tangible Book Ratio was 17.74. The lowest was 0.51. And the median was 2.26.

ASX:NVA's Price-to-Tangible-Book is ranked better than
83.11% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:NVA: 0.51

A closely related ratio is called PB Ratio. As of today, Nova Minerals's share price is A$0.23. Nova Minerals's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.45. Hence, Nova Minerals's P/B Ratio of today is 0.51.

Nova Minerals Price-to-Tangible-Book Historical Data

The historical data trend for Nova Minerals'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.

Nova Minerals Price-to-Tangible-Book Chart

Nova Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.36

3.75

4.50

1.12

0.58

Nova Minerals 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															1.39	1.12	1.30	0.58	0.80

Competitive Comparison of Nova Minerals's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Nova Minerals'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.

Nova Minerals's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Nova Minerals Price-to-Tangible-Book Calculation

Nova Minerals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.23	/	0.452
	=	0.51

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.

Nova Minerals Price-to-Tangible-Book Related Terms

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

Nova Minerals (ASX:NVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nova Minerals Ltd (ASX:NVA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NVAAF:USA QM3:Germany

Address

242 Hawthorn Road, Suite 5, Caulfield, VIC, AUS, 3161

Website

https://www.novaminerals.com.au

Nova Minerals Ltd is a minerals explorer and developer focused on gold and lithium projects in North America. It has a diversified portfolio of projects across the US, Canada, and Australia. Its key projects include Nova's 6.2Moz Estelle Gold Project on Korbel Main and RPM in Alaska, which holds some of North America's largest gold deposits, and the company's majority-owned Snow Lakes Resources, a proposed zero carbon lithium spodumene project in Canada ideally located on rail access to the US Auto Alley. Nova aims to provide shareholders with diversification through exposure to base and precious metals and to capitalize on the growing demand for lithium-based energy storage.

Nova Minerals (ASX:NVA) Headlines

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