Elray Resources (Elray Resources) Book Value per Share : $-0.01 (As of Sep. 2018)

Elray Resources Book Value per Share Chart

Elray Resources Annual Data
	Trend	Mar08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Book Value per Share		Get a 7-Day Free Trial					-	-944.16	-0.20	-0.01	-0.01

Elray Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Book Value per Share	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.01	-0.01

Competitive Comparison of Elray Resources's Book Value per Share

For the Gambling subindustry, Elray Resources's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Elray Resources's PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Elray Resources's PB Ratio distribution charts can be found below:

* The bar in red indicates where Elray Resources's PB Ratio falls into.

Elray Resources Book Value per Share Calculation

Elray Resources's Book Value Per Share for the fiscal year that ended in Dec. 2017 is calculated as:

Elray Resources's Book Value Per Share for the quarter that ended in Sep. 2018 is calculated as:

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Elray Resources  (OTCPK:ELRA) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Elray Resources Book Value per Share Related Terms

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Elray Resources (Elray Resources) Business Description