Nine Mile Metals (XCNQ:NINE) Price-to-Tangible-Book : 0.99 (As of May. 12, 2024)

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What is Nine Mile Metals Price-to-Tangible-Book?

As of today (2024-05-12), Nine Mile Metals's share price is C$0.075. Nine Mile Metals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.08. Hence, Nine Mile Metals's Price to Tangible Book Ratio of today is 0.99.

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

XCNQ:NINE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.93 Med: 2.95 Max: 18.97
Current: 0.94

During the past 5 years, Nine Mile Metals's highest Price to Tangible Book Ratio was 18.97. The lowest was 0.93. And the median was 2.95.

XCNQ:NINE's Price-to-Tangible-Book is ranked better than
63.63% of 2230 companies
in the Metals & Mining industry
Industry Median: 1.35 vs XCNQ:NINE: 0.94

A closely related ratio is called PB Ratio. As of today, Nine Mile Metals's share price is C$0.075. Nine Mile Metals's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.08. Hence, Nine Mile Metals's P/B Ratio of today is 0.99.

Nine Mile Metals Price-to-Tangible-Book Historical Data

The historical data trend for Nine Mile Metals'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.

Nine Mile Metals Price-to-Tangible-Book Chart

Nine Mile Metals Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Price-to-Tangible-Book

18.97

3.17

2.53

0.93

Nine Mile Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.53	2.87	3.33	0.93	1.58

Competitive Comparison of Nine Mile Metals's Price-to-Tangible-Book

For the Gold subindustry, Nine Mile Metals'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.

Nine Mile Metals's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nine Mile Metals's Price-to-Tangible-Book falls into.

Nine Mile Metals Price-to-Tangible-Book Calculation

Nine Mile Metals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.075	/	0.076
	=	0.99

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.

Nine Mile Metals Price-to-Tangible-Book Related Terms

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

Nine Mile Metals (XCNQ:NINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nine Mile Metals Ltd (XCNQ:NINE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

VMSXF:USA

Address

350 - 1650 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4

Website

https://www.ninemilemetals.com

Nine Mile Metals Ltd is a gold exploration company focused on acquiring mineral properties. The principal business of the Company is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Millennium Gold Property, Nine-mile brook, California lake, and Canoe lake. It conducts exploration activities in the United States.