Aspire Mining (ASX:AKM) PB Ratio : 2.36 (As of May. 22, 2024)

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What is Aspire Mining PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-22), Aspire Mining's share price is A$0.215. Aspire Mining's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.09. Hence, Aspire Mining's PB Ratio of today is 2.36.

Warning Sign:

Aspire Mining Ltd stock PB Ratio (=2.31) is close to 10-year high of 2.31

The historical rank and industry rank for Aspire Mining's PB Ratio or its related term are showing as below:

ASX:AKM' s PB Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.41 Max: 2.37
Current: 2.37

During the past 13 years, Aspire Mining's highest PB Ratio was 2.37. The lowest was 0.22. And the median was 0.41.

ASX:AKM's PB Ratio is ranked worse than
78.78% of 608 companies
in the Steel industry
Industry Median: 1.01 vs ASX:AKM: 2.37

During the past 12 months, Aspire Mining's average Book Value Per Share Growth Rate was -32.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -8.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -17.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Aspire Mining was 73.40% per year. The lowest was -24.10% per year. And the median was -15.40% per year.

Back to Basics: PB Ratio

Aspire Mining PB Ratio Historical Data

The historical data trend for Aspire Mining's PB Ratio 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.

Aspire Mining PB Ratio Chart

Aspire Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

PB Ratio

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1.38

1.06

0.55

0.54

0.61

Aspire Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.55	0.61	0.52	70.00	1.15

Competitive Comparison of Aspire Mining's PB Ratio

For the Coking Coal subindustry, Aspire Mining'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.

Aspire Mining's PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aspire Mining's PB Ratio distribution charts can be found below:

* The bar in red indicates where Aspire Mining's PB Ratio falls into.

Aspire Mining PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Aspire Mining's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.215	/	0.091
	=	2.36

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Aspire Mining (ASX:AKM) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Aspire Mining PB Ratio Related Terms

Thank you for viewing the detailed overview of Aspire Mining's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Aspire Mining (ASX:AKM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aspire Mining Ltd (ASX:AKM) » Definitions » PB Ratio

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Traded in Other Exchanges

WKU:Germany

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS, 6000

Website

https://www.aspiremininglimited.com

Aspire Mining Ltd is a mineral exploration and development company. It principally engages in the business of exploring coal and progresses on the approval process for the development and funding of a rail line in northern Mongolia. It holds interests in various assets that are located in Mongolia. The company's segments include Australia, Mongolia, and Singapore. It also holds an interest in other projects such as the Ovoot coking coal, Nuurstei coal and coking coal market. The Ovoot project is a large-scale coking coal project. Majority of the company's revenue comes from Australian segment.

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