Clean Air Metals (Clean Air Metals) PB Ratio : 0.32 (As of May. 25, 2024)

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What is Clean Air Metals 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 (2024-05-25), Clean Air Metals's share price is $0.0381. Clean Air Metals's Book Value per Share for the quarter that ended in Oct. 2023 was $0.12. Hence, Clean Air Metals's PB Ratio of today is 0.32.

The historical rank and industry rank for Clean Air Metals's PB Ratio or its related term are showing as below:

CLRMF' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 39.02
Current: 0.35

During the past 5 years, Clean Air Metals's highest PB Ratio was 39.02. The lowest was 0.00. And the median was 0.00.

CLRMF's PB Ratio is ranked better than
93.9% of 2376 companies
in the Metals & Mining industry
Industry Median: 1.42 vs CLRMF: 0.35

During the past 12 months, Clean Air Metals's average Book Value Per Share Growth Rate was -10.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 159.10% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Clean Air Metals was 233.80% per year. The lowest was 159.10% per year. And the median was 196.45% per year.

Back to Basics: PB Ratio

Clean Air Metals PB Ratio Historical Data

The historical data trend for Clean Air Metals'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.

Clean Air Metals PB Ratio Chart

Clean Air Metals Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

PB Ratio

2.36

1.05

0.69

Clean Air Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
PB Ratio	Get a 7-Day Free Trial															0.58	0.69	0.45	0.37	0.25

Competitive Comparison of Clean Air Metals's PB Ratio

For the Other Precious Metals & Mining subindustry, Clean Air Metals'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.

Clean Air Metals's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Clean Air Metals's PB Ratio distribution charts can be found below:

* The bar in red indicates where Clean Air Metals's PB Ratio falls into.

Clean Air Metals 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.

Clean Air Metals's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Oct. 2023)
	=	0.0381	/	0.118
	=	0.32

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.

Clean Air Metals (OTCPK:CLRMF) 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.

Clean Air Metals PB Ratio Related Terms

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Clean Air Metals (Clean Air Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Clean Air Metals Inc (OTCPK:CLRMF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

AIR:Canada

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.cleanairmetals.ca

Clean Air Metals Inc is engaged in mineral exploration and evaluation. The projects of the company include Thunder Bay North Property, Located approximately 50km northeast of the city of Thunder Bay, within the Thunder Bay Mining Division, in Ontario, Canada and Triple Flag Net Smelter Royalty.