E-Tech Resources (TSXV:REE) PB Ratio : 1.08 (As of Jun. 08, 2024)

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What is E-Tech 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 (2024-06-08), E-Tech Resources's share price is C$0.055. E-Tech Resources's Book Value per Share for the quarter that ended in Dec. 2023 was C$0.05. Hence, E-Tech Resources's PB Ratio of today is 1.08.

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

TSXV:REE' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 228.26
Current: 1.18

During the past 6 years, E-Tech Resources's highest PB Ratio was 228.26. The lowest was 0.00. And the median was 0.00.

TSXV:REE's PB Ratio is ranked better than
56.89% of 2380 companies
in the Metals & Mining industry
Industry Median: 1.4 vs TSXV:REE: 1.18

During the past 12 months, E-Tech Resources's average Book Value Per Share Growth Rate was -12.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 30.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 26.90% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of E-Tech Resources was 35.70% per year. The lowest was 30.80% per year. And the median was 33.25% per year.

Back to Basics: PB Ratio

E-Tech Resources PB Ratio Historical Data

The historical data trend for E-Tech 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.

E-Tech Resources PB Ratio Chart

E-Tech Resources Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Mar22

Mar23

PB Ratio

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2.12

0.80

7.35

2.85

1.61

E-Tech Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.03	1.61	1.20	1.15	0.78

Competitive Comparison of E-Tech Resources's PB Ratio

For the Other Industrial Metals & Mining subindustry, E-Tech 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.

E-Tech Resources's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, E-Tech Resources's PB Ratio distribution charts can be found below:

* The bar in red indicates where E-Tech Resources's PB Ratio falls into.

E-Tech 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.

E-Tech Resources's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.055	/	0.051
	=	1.08

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.

E-Tech Resources (TSXV:REE) 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.

E-Tech Resources PB Ratio Related Terms

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