LFNT Resources (XCNQ:LFNT) Price-to-Tangible-Book : 1.53 (As of Jun. 04, 2024)

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What is LFNT Resources Price-to-Tangible-Book?

As of today (2024-06-04), LFNT Resources's share price is C$0.075. LFNT Resources's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was C$0.05. Hence, LFNT Resources's Price to Tangible Book Ratio of today is 1.53.

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

XCNQ:LFNT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.5 Med: 11.24 Max: 25
Current: 1.5

During the past 2 years, LFNT Resources's highest Price to Tangible Book Ratio was 25.00. The lowest was 1.50. And the median was 11.24.

XCNQ:LFNT's Price-to-Tangible-Book is ranked worse than
53.22% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.37 vs XCNQ:LFNT: 1.50

A closely related ratio is called PB Ratio. As of today, LFNT Resources's share price is C$0.075. LFNT Resources's Book Value per Sharefor the quarter that ended in Jan. 2024 was C$0.05. Hence, LFNT Resources's P/B Ratio of today is 1.53.

LFNT Resources Price-to-Tangible-Book Historical Data

The historical data trend for LFNT 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.

LFNT Resources Price-to-Tangible-Book Chart

LFNT Resources Annual Data

Trend

Oct22

Oct23

Price-to-Tangible-Book

4.12

LFNT Resources Quarterly Data
	Jan23	Apr23	Jul23	Oct23	Jan24
Price-to-Tangible-Book	-	25.00	18.18	4.12	4.29

Competitive Comparison of LFNT Resources's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, LFNT 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.

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

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

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

LFNT Resources Price-to-Tangible-Book Calculation

LFNT Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jan. 2024 )
	=	0.075	/	0.049
	=	1.53

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.

LFNT Resources Price-to-Tangible-Book Related Terms

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

LFNT Resources (XCNQ:LFNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » LFNT Resources Corp (XCNQ:LFNT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

LFNT Resources Corp y is currently engaged in the business of exploration of mineral properties in Canada. Its activities include the acquisition, exploration, and development of mineral exploration properties. It holds interest in Skyfire Property which consists of nearly 7 mining cell claims totaling approximately 1897 hectares of land in the Cariboo Mining Division, British Columbia, Canada.

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