Redcastle Resources (ASX:RC1) PB Ratio : 2.09 (As of May. 26, 2024)

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What is Redcastle Resources 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 (2024-05-26), Redcastle Resources's share price is A$0.023. Redcastle Resources's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.01. Hence, Redcastle Resources's PB Ratio of today is 2.09.

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

ASX:RC1' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 16.22
Current: 2.09

During the past 13 years, Redcastle Resources's highest PB Ratio was 16.22. The lowest was 0.00. And the median was 0.00.

ASX:RC1's PB Ratio is ranked better than
61.2% of 2577 companies
in the Software industry
Industry Median: 2.66 vs ASX:RC1: 2.09

During the past 12 months, Redcastle Resources's average Book Value Per Share Growth Rate was -15.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -14.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Redcastle Resources was 77.20% per year. The lowest was -42.00% per year. And the median was -22.95% per year.

Back to Basics: PB Ratio

Redcastle Resources PB Ratio Historical Data

The historical data trend for Redcastle Resources'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.

Redcastle Resources PB Ratio Chart

Redcastle Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

Get a 7-Day Free Trial

2.11

1.91

3.27

1.14

0.92

Redcastle Resources 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															1.40	1.14	0.92	0.92	1.18

Competitive Comparison of Redcastle Resources's PB Ratio

For the Software - Application subindustry, Redcastle 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.

Redcastle Resources's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Redcastle Resources's PB Ratio distribution charts can be found below:

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

Redcastle Resources 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.

Redcastle Resources's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.023	/	0.011
	=	2.09

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.

Redcastle Resources (ASX:RC1) 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.

Redcastle Resources PB Ratio Related Terms

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

Redcastle Resources (ASX:RC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Redcastle Resources Ltd (ASX:RC1) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Railway Road, Suite 11/12, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.tt-limited.com

Redcastle Resources Ltd is engaged in the development of the E-Collate software system for sharing and organizing business documentation. E-Collate is developing communication platforms and data systems to link multi-source data and provide meaningful information for efficient decision-making. The core multi-source data collation and decision support systems and platforms have application across a variety of industry sectors and consumer groups including consumer, business, and enterprise. Interest income is the major source of revenue for the company.

Redcastle Resources (ASX:RC1) Headlines

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