Blue Lagoon Resources (XCNQ:BLLG) Price-to-Tangible-Book : 0.71 (As of Jun. 05, 2024)

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What is Blue Lagoon Resources Price-to-Tangible-Book?

As of today (2024-06-05), Blue Lagoon Resources's share price is C$0.11. Blue Lagoon Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.16. Hence, Blue Lagoon Resources's Price to Tangible Book Ratio of today is 0.71.

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

XCNQ:BLLG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.69 Med: 1.27 Max: 40
Current: 0.69

During the past 4 years, Blue Lagoon Resources's highest Price to Tangible Book Ratio was 40.00. The lowest was 0.69. And the median was 1.27.

XCNQ:BLLG's Price-to-Tangible-Book is ranked better than
74.8% of 2222 companies
in the Metals & Mining industry
Industry Median: 1.33 vs XCNQ:BLLG: 0.69

A closely related ratio is called PB Ratio. As of today, Blue Lagoon Resources's share price is C$0.11. Blue Lagoon Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.16. Hence, Blue Lagoon Resources's P/B Ratio of today is 0.71.

Blue Lagoon Resources Price-to-Tangible-Book Historical Data

The historical data trend for Blue Lagoon 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.

Blue Lagoon Resources Price-to-Tangible-Book Chart

Blue Lagoon Resources Annual Data

Trend

Nov18

Nov19

Mar21

Mar22

Price-to-Tangible-Book

8.22

1.64

1.94

Blue Lagoon Resources Quarterly Data
	May18	Aug18	Nov18	May19	Aug19	Nov19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial														1.11	0.92	1.03	1.06	0.96

Competitive Comparison of Blue Lagoon Resources's Price-to-Tangible-Book

For the Gold subindustry, Blue Lagoon 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.

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

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

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

Blue Lagoon Resources Price-to-Tangible-Book Calculation

Blue Lagoon 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 )
	=	0.11	/	0.156
	=	0.71

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.

Blue Lagoon Resources Price-to-Tangible-Book Related Terms

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

Blue Lagoon Resources (XCNQ:BLLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Lagoon Resources Inc (XCNQ:BLLG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

BLAGF:USA 7BL:Germany

Address

750 West Pender Street, Suite 1200, Vancouver, BC, CAN, V6C 2T8

Website

https://www.bluelagoonresources.com

Blue Lagoon Resources Inc is engaged in the exploration of mineral properties in Canada. Its business is to acquire, explore, and evaluate mineral resource interests. The projects of the company include Pellair Gold Project, Dome Mountain Gold Project, and Big Onion Project.

Executives

Rana Gurvinder Vig

Director, Senior Officer

Blue Lagoon Resources (XCNQ:BLLG) Headlines

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