AKORA Resources (ASX:AKO) Price-to-Tangible-Book : 1.30 (As of May. 26, 2024)

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What is AKORA Resources Price-to-Tangible-Book?

As of today (2024-05-26), AKORA Resources's share price is A$0.16. AKORA Resources's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was A$0.12. Hence, AKORA Resources's Price to Tangible Book Ratio of today is 1.30.

The historical rank and industry rank for AKORA Resources's Price-to-Tangible-Book or its related term are showing as below:

ASX:AKO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.27 Med: 1.58 Max: 2.53
Current: 1.33

During the past 4 years, AKORA Resources's highest Price to Tangible Book Ratio was 2.53. The lowest was 1.27. And the median was 1.58.

ASX:AKO's Price-to-Tangible-Book is ranked better than
51.15% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:AKO: 1.33

A closely related ratio is called PB Ratio. As of today, AKORA Resources's share price is A$0.16. AKORA Resources's Book Value per Sharefor the quarter that ended in Jun. 2023 was A$0.12. Hence, AKORA Resources's P/B Ratio of today is 1.30.

AKORA Resources Price-to-Tangible-Book Historical Data

The historical data trend for AKORA Resources's Price-to-Tangible-Book 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.

AKORA Resources Price-to-Tangible-Book Chart

AKORA Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.53

1.88

1.27

1.28

AKORA Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			1.88	1.30	1.27	1.37	1.28

Competitive Comparison of AKORA Resources's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, AKORA Resources's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

AKORA Resources's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, AKORA Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where AKORA Resources's Price-to-Tangible-Book falls into.

AKORA Resources Price-to-Tangible-Book Calculation

AKORA Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	0.16	/	0.123
	=	1.30

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

AKORA Resources Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of AKORA Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

AKORA Resources (ASX:AKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AKORA Resources Ltd (ASX:AKO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

211 McIlwraith Street, Princes Hill, North Carlton, Melbourne, VIC, AUS, 3054

Website

https://www.akoravy.com

AKORA Resources Ltd is a mining company. The company is engaged in the exploration and development for ferrous metals. The company's projects involved the Bekisopa Project, the Tratramarina Project, and the Ambodilafa Project. It operates in two geographical segments namely Australia and Madagascar.

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